55418 ZIP Code Profile, Map, Data & Demographics

ZIP Code Type: STANDARD
County: Hennepin County
Centroid: Latitude 45.022, Longitude -93.245
Time Zone: Central Time Zone (UTC -6 hours)
Observes DST: Yes

ZIP Code 55418 has segments in 2 Counties (Hennepin, Ramsey).

Businesses Addresses: 908
PO Box Addresses: 240
Residential Addresses: 14,467

Multi-Family Addresses: 3,077
Single Family Addresses: 11,390

The ZIP Code maps and database are updated 4 times per year.
Database updated: June 1, 2025, Maps updated: May 1, 2024.

Minneapolis, MN 55418 Data & Demographics (As of July 1, 2025)

POPULATION
Total Population	32,136 (100%)
Population in Households	31,742 (98.8%)
Population in Families	21,208 (66.0%)
Population in Group Quarters¹	394 ( 1.2%)
Population Density	5,033
Diversity Index²	58


INCOME
Median Household Income	$93,459
Average Household Income	$116,168
% of Income for Mortgage⁴	25%
Per Capita Income	$51,086
Wealth Index⁵	90
Socioeconomic Status Index⁶	Moderate (52.8)

HOUSING
Total HU (Housing Units)	14,851 (100%)
Owner Occupied HU	8,755 (59.0%)
Renter Occupied HU	5,369 (36.2%)
Vacant Housing Units	727 ( 4.9%)
Median Home Value	$369,763
Average Home Value	$424,893
Housing Affordability Index³	90

HOUSEHOLDS
Total Households	14,124
Average Household Size	2.25
Family Households	7,044
Average Family Size	3.00

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

Minneapolis, MN 55418 - Peer Comparisons by Rank and Percentile

The table below compares 55418 to the other 882 ZIP Codes in Minnesota by rank and percentile using July 1, 2025 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

GROWTH RATE / YEAR	2020-2025	2025-2030
Population	0.04%	0.03%
Households	0.25%	0.22%
Families		-0.10%
Median Household Income		2.24%
Per Capita Income		1.86%
Owner Occupied HU		0.35%

Variable Description	Rank	Percentile
Total Population	# 45	95th
Population Density	# 32	96th
Median Household Income	# 203	77th
Housing Affordability Index	# 366	41st
Per Capita Income	# 126	86th
Diversity Index	# 75	92nd

55418 ZIP Code Profile, Map, Data & Demographics

ZIP Code 55418: Basic Data & USPS Preferred City Name

Minneapolis, MN 55418 Data & Demographics (As of July 1, 2025)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Minneapolis, MN 55418 - Peer Comparisons by Rank and Percentile

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