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ZIP Code · MN

ZIP 55454

Pop. 8,880·Hennepin County·38th most expensive ZIP in Minnesota
Median rent (all units)
$1,862/mo
Year-over-Year
Stable
Month-over-Month
+2.3%
vs US Median
-$89
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 55454 · $1,862
More expensive than 53% of US ZIP codes · National median $1,951/mo
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Medians by bedroom

Rent by unit size

Studio
$1,100
1 BR
$1,250
2 BR
$1,520
3 BR
$2,020
4 BR+
$2,270
Research median
$1,520/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: June 22, 2026

Annual cost
$22,344/yr
At $1,862/mo median
Location
StateMN
CountyHennepin County
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (0.0% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+0.0% YoY, +2.3% MoM), not inventory.
Demographics

Who lives here

ZIP 55454 (Minneapolis, MN) is majority renter-occupied, skews toward younger working-age adults, has a median income below the national average, 22.9% of residents hold a bachelor's degree or higher.

Population
8,880
Median income
$23,100
Median age
25.8
Renters
91.8%
Age distribution
23.8%
40.1%
20.5%
Under 1823.8%
18–3440.1%
35–5420.5%
55–644.2%
65+11.4%
Gender
46.7%
53.3%
Male46.7%
Female53.3%
Race & ethnicity
23.2%
61.1%
White23.2%
Black61.1%
Hispanic4%
Asian6.3%
Other5.4%
Education (25+)
33.8%
25.8%
17.5%
22.9%
No HS diploma33.8%
HS diploma25.8%
Some college17.5%
Bachelor's+22.9%
Housing tenure
91.8%
Owner8.2%
Renter91.8%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 55454 in Minneapolis, MN has changed in 5 years

Income
$23,634 → $23,100
down 2.3%
Population
8,739 → 8,880
up 1.6%
Renter share
89% → 91.8%
+2.8 pts
Bachelor's+
28.5% → 22.9%
-5.6 pts
Median age
23.7 → 25.8
+2.1 yrs

On the earnings side, the typical household in ZIP 55454 in Minneapolis, MN now reports about $23,100, up from $23,634 in 2021. The population has grown by 1.6% since 2021, moving from about 8,739 residents to roughly 8,880. Renters now make up 91.8% of households, compared with 89% five years ago. College-educated residents now make up 22.9% of adults here, versus 28.5% in 2021.

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Local insights

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About renting in ZIP 55454

Last updated: June 22, 2026

ZIP code 55454 covers Minneapolis, MN. The median rent here is $1,862/mo as of June 2026. A 1-bedroom rents for a median of $1,250/mo. A 2-bedroom rents for a median of $1,520/mo.

At 97% of local median household income ($23,100/yr), ZIP 55454 ranks as expensive compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 55454?

As of June 22, 2026, the median monthly rent in ZIP 55454 (Minneapolis, MN) is $1,862. This is based on aggregated data from public sources and community submissions.

How does ZIP 55454 rent compare to the US average?

ZIP 55454's median rent of $1,862/mo is $89 (5%) below the US national median of $1,951/mo.

How does ZIP 55454 compare to other ZIPs in Minnesota?

ZIP 55454 is one of the pricier ZIP codes in Minnesota, ranking #38 out of 122 ZIPs tracked at $1,862/mo.

How much income do you need to rent in ZIP 55454?

To keep rent at or below 30% of gross income, you would need to earn at least $74,000/year (~$36/hour full-time) to afford the median rent of $1,862/mo in ZIP 55454. The local median household income is $23,100/yr, meaning the typical household falls short of that threshold.

Is rent going up or down in ZIP 55454?

Rent in ZIP 55454 has been relatively stable over the past year, with a 0.0% change year over year as of June 22, 2026.

Is ZIP 55454 an affordable place to rent?

ZIP 55454 is considered expensive for renters. At $1,862/mo, rent takes approximately 97% of the local median household income ($23,100/yr). The standard benchmark is 30%. ZIP 55454 significantly exceeds that threshold, making it challenging for many renters.

What percentage of ZIP 55454 residents rent vs. own?

According to Census data, approximately 91.8% of ZIP 55454 households are renters, while 8.2% are owner-occupied. With a majority renter population, ZIP 55454 has a strong rental market.

How does ZIP 55454 compare to the rest of Minneapolis?

ZIP 55454 is pricier than Minneapolis as a whole. At $1,862/mo, it's $176 above the Minneapolis citywide median of $1,686/mo.

When was rent data for ZIP 55454 last updated?

Rent data for ZIP 55454 reflects June 22, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
97%
EXPENSIVE

At $1,862/mo, rent takes ~97% of ZIP 55454's median household income ($23,100/yr). The standard benchmark is 30%.

ZIP 55454 97%Benchmark 30%
State income tax5.35–9.85%
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Schools nearby

Public schools near ZIP 55454 (Minneapolis, MN)

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