ZIP Code 55414 — Minneapolis city, MN Demographics & Data

ZIP code 55414 covers Minneapolis, MN in Hennepin County with a population of about 33,739.

At a glance, the area shows median age of 22.9 versus a U.S. median of about 38.9.

It sits in telephone area code 612; U.S. House district MN-5; the MINNEAPOLIS - ST. PAUL media market.

Minneapolis, MN sits in a university / college context (near university of minnesota-twin cities (0.7 mi)). Expect stronger interest in student housing, rentals, walkability, transit, and a younger adult age mix versus typical suburban ZIPs.

Median household income in ZIP 55414 is about $47,004 — about 37% below the U.S. median ($75,149).

On socioeconomic markers, US5 shows a poverty rate of 40.0%; unemployment rate near 4.9%; 67.7% of adults with a bachelor’s degree or higher (about 34.0 points above the national share (33.7%)).

Labor and commute patterns include leading industry context around Education, Healthcare, and Retail trade; about 18.4% of workers reporting work-from-home (about 3.2 points above the U.S. share (15.2%)); a mean commute of about 180.0 minutes (U.S. average near 26.8).

Median home value is about $454,200 — about 30% above the U.S. median home value ($348,079).

Housing tenure and rents show median gross rent around $1,312 (about 13% above the U.S. median rent ($1,163)), and owner-occupancy near 14.7% (about 50.7 points below the national owner-occupancy rate (65.4%)).

To comfortably buy a median-priced home in ZIP 55414 in Minneapolis, MN, a household would need roughly $125,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $2,918. That is about 166% above the local median household income ($47,004), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

FEMA’s National Risk Index rates natural-hazard risk for Minneapolis city, MN as Relatively High (composite score 98.3), which is among the highest nationally. The strongest component scores on US5 are flood (98.0) and wildfire (74.9). These scores are county-linked NRI values published for planning context — all ZIP codes in the same county share the same composite score on US5. Useful when comparing insurance and disaster exposure across areas, not a substitute for a parcel-level flood or fire determination.

Climate normals for Minneapolis city, MN show little to no average snow and around 34.4 inches of annual precipitation.

IRS migration statistics show a net inflow of about 2,395 for ZIP 55414 (Minneapolis city, MN) on US5’s published series — a signal of people/tax filers moving in relative to those leaving. Inflows often track job growth, housing demand, or lifestyle migration; treat the figure as a directional indicator rather than a precise headcount.