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ZIP Code 55407

Hennepin, Minnesota

ZCTA 55407

Juniper

ZIP Code 55407 is in the lowest 14% nationally for FEMA risk score. It also sits in the lowest 2% nationally for home price growth over five years. And it sits in the highest 24% nationally for home price against income.

Typical Home Valuemedian home value (ACS), re-priced to today on the FHFA index

$360,865

Near the U.S. ZIP codes median
Home Price Growth, Past Five Years

21%

Lower than 98% of U.S. ZIP codes
FEMA Risk Score0–100; 0 = lowest modelled risk, 100 = highest, vs places of the same type

31.9

Lower than 86% of U.S. ZIP codes

The boundary of ZIP Code 55407, in Hennepin, Minnesota.

The basics

Total Population

37,667

Median Age

33.8

Population Density

9,383.13

Home values & property tax

Median Property Tax

$3,892

Property Tax Rateyearly tax as a share of home value

1.2%

Cost of living & affordability

Home Price vs Incomeyears of income to buy a typical home

4.27×

Higher than 76% of U.S. ZIP codes
Median Income

$78,464

Higher than 60% of U.S. ZIP codes
Median Rent

$1,291

Higher than 69% of U.S. ZIP codes

Home prices & appreciation

Home Price Growth, Past Year

3.1%

Near the U.S. ZIP codes median
Pandemic Price Run-Up2019–20 low → 2022–23 peak

20%

2008 Crash: Peak-to-Trough Drophow far prices fell, 2007 → 2011

26%

Climate & weather

Summer Avg High (°F)

80.6

Winter Avg Low (°F)

11.7

Avg Temperature (°F)

45.8

Hot Days/yr (>90°F)

17.8

Freezing Days/yr (<32°F)

146.9

Annual Precipitation (in)

33.3

Annual Snowfall (in)

51.2

Flood & disaster risk

FEMA Risk Score0–100; 0 = lowest modelled risk, 100 = highest, vs places of the same type

31.9

Lower than 86% of U.S. ZIP codes

The full report

Six pillars — each with percentile benchmarks, 16-year trends, and per-metric detail.

  • People

  • Work & Money

  • Housing

  • Amenities

  • Climate

  • Environment & Risk

ZIP Code 55407: frequently asked questions

What is the typical home value in ZIP Code 55407?
The estimated median home value in ZIP Code 55407 today is $360,865, near the U.S. ZIP codes median.
How much is property tax in ZIP Code 55407?
The median annual property tax in ZIP Code 55407 is $3,892, an effective rate of 1.2% of home value.
Is ZIP Code 55407 expensive to live in?
Homes in ZIP Code 55407 cost about 4.27× the median household income, higher than 76% of U.S. ZIP codes.
What is the average rent in ZIP Code 55407?
The median gross rent in ZIP Code 55407 is $1,291 a month, higher than 69% of U.S. ZIP codes.
How much have home prices grown in ZIP Code 55407?
Home prices in ZIP Code 55407 have moved 21% over the past five years (3.1% in the past year), per the FHFA House Price Index.
How many people live in ZIP Code 55407?
ZIP Code 55407 has a population of 37,667, about 9,383.13 people per square mile, per the U.S. Census American Community Survey. The median age is 33.8.
What is the weather like in ZIP Code 55407?
ZIP Code 55407 averages 45.8°F year-round, summer highs near 80.6°F, winter lows around 11.7°F (NOAA 1991–2020 normals). It sees about 51.2 inches of snow a year.
Is ZIP Code 55407 at risk of flooding or natural disasters?
ZIP Code 55407's FEMA National Risk Index score is 31.9 (lower than 86% of U.S. ZIP codes). Its greatest modeled natural hazard is inland flooding.

Sources: U.S. Census ACS, FEMA National Risk Index, FHFA House Price Index, OpenStreetMap contributors (ODbL), EPA. Explore the map →

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