55305 Zip Code Detailed Profile




Cities: Minnetonka, MN (91.83%), Hopkins, MN (8.17%)
County: Hennepin County, MN
Estimated zip code population in 2013: 18,535
Zip code population in 2010: 19,368
Zip code population in 2000: 19,299

Houses and condos: 9,669
Renter-occupied apartments: 3,752
% of renters here:

41%
State:

28%
Mar. 2013 cost of living index in zip code 55305: 115.3 (more than average, U.S. average is 100)

Land area: 9.3 sq. mi.
Water area: 0.1 sq. mi.
Population density: 1,991 people per square mile 
 
 (low).

Age and Sex of Residents in zip code 55305
Zip code 55305 (Minnetonka, Minnesota) real estate house value trends

Recent home sales, real estate maps, and home value estimator for zip code 55305

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Real estate property taxes paid for housing units in 2013:
This zip code:

1.2% ($3,544)
Minnesota:

1.2% ($2,148)
Median real estate property taxes paid for housing units with mortgages in 2013: $3,690 (1.2%)
Median real estate property taxes paid for housing units with no mortgage in 2013: $3,146 (1.3%)

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Males: 8,562  (46.2%)
Females: 9,973  (53.8%)

For population 25 years and over in 55305:

For population 15 years and over in 55305:

Zip code 55305 compared to state average:

  • Median house value above state average.
  • Hispanic race population percentage below state average.
  • Median age above state average.
  • Percentage of population with a bachelor's degree or higher above state average.
  • Races in zip code 55305

  • Zip code 55305 races chart
    • 16,216White population
    • 1,198Black population
    • 55American Indian population
    • 925Asian population
    • 1Native Hawaiian and Other Pacific Islander population
    • 28Some other race population
    • 379Two or more races population
    • 566Hispanic or Latino population

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Based on 2000-2013 data
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123
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100% urban population.

Estimated median house/condo value in 2013: $285,600
55305:

$285,600
Minnesota:

$180,100
Median resident age:
This zip code:

43.8 years
Minnesota median age:

37.7 years
Average household size:
This zip code:

2.0 people
Minnesota:

2.5 people

Averages for the 2012 tax year for zip code 55305, filed in 2013:

Average Adjusted Gross Income (AGI) in 2012: $110,201 (Individual Income Tax Returns)
Here:

$110,201
State:

$67,192

Salary/wage: $78,624 (reported on 80.3% of returns)
Here:

$78,624
State:

$55,182
(% of AGI for various income ranges: 66.4% for AGIs below $25k, 80.3% for AGIs $25k-50k, 73.7% for AGIs $50k-75k, 73.5% for AGIs $75k-100k, 70.1% for AGIs $100k-200k, 44.7% for AGIs over 200k)

Taxable interest for individuals: $5,032 (reported on 46.4% of returns)
This zip code:

$5,032
Minnesota:

$1,664
(% of AGI for various income ranges: 2.1% for AGIs below $25k, 0.8% for AGIs $25k-50k, 1.8% for AGIs $50k-75k, 0.9% for AGIs $75k-100k, 1.3% for AGIs $100k-200k, 2.8% for AGIs over 200k)

Ordinary dividends: $11,683 (reported on 37.2% of returns)
Here:

$11,683
State:

$5,665
(% of AGI for various income ranges: 5.1% for AGIs below $25k, 2.1% for AGIs $25k-50k, 2.1% for AGIs $50k-75k, 2.6% for AGIs $75k-100k, 3.2% for AGIs $100k-200k, 4.8% for AGIs over 200k)

Net capital gain/loss in AGI: +$30,454 (reported on 32.9% of returns)
Here:

+$30,454
State:

+$16,131
(% of AGI for various income ranges: 0.3% for AGIs $25k-50k, 0.6% for AGIs $50k-75k, 1.2% for AGIs $75k-100k, 1.9% for AGIs $100k-200k, 15.5% for AGIs over 200k)

Profit/loss from business: +$23,309 (reported on 16.5% of returns)
Here:

+$23,309
State:

+$12,430
(% of AGI for various income ranges: 7.2% for AGIs below $25k, 3.2% for AGIs $25k-50k, 3.2% for AGIs $50k-75k, 3.9% for AGIs $75k-100k, 4.2% for AGIs $100k-200k, 3.0% for AGIs over 200k)

Taxable individual retirement arrangement distribution: $21,819 (reported on 15.9% of returns)
55305:

$21,819
Minnesota:

$15,212
(% of AGI for various income ranges: 7.7% for AGIs below $25k, 3.2% for AGIs $25k-50k, 3.9% for AGIs $50k-75k, 4.3% for AGIs $75k-100k, 4.9% for AGIs $100k-200k, 2.1% for AGIs over 200k)

Self-employment retirement plans: $22,581 (reported on 1.9% of returns)
55305:

$22,581
Minnesota:

$17,874
(% of AGI for various income ranges: 0.4% for AGIs $50k-75k, 0.4% for AGIs $100k-200k, 0.5% for AGIs over 200k)

Total itemized deductions: $36,686 (18% of AGI, reported on 44.6% of returns)
Here:

$36,686
State:

$24,665

Here:

17.9% of AGI
State:

19.6% of AGI
(% of AGI for various income ranges: 16.0% for AGIs below $25k, 10.7% for AGIs $25k-50k, 13.7% for AGIs $50k-75k, 16.8% for AGIs $75k-100k, 18.4% for AGIs $100k-200k, 14.1% for AGIs over 200k)

Charity contributions: $6,673 (reported on 39.5% of returns)
Here:

$6,673
State:

$3,948
(% of AGI for various income ranges: 1.4% for AGIs below $25k, 1.2% for AGIs $25k-50k, 1.8% for AGIs $50k-75k, 2.0% for AGIs $75k-100k, 2.4% for AGIs $100k-200k, 2.8% for AGIs over 200k)

Taxes paid: $17,481 (reported on 44.3% of returns)
55305:

$17,481
State:

$10,589
(% of AGI for various income ranges: 3.1% for AGIs below $25k, 2.9% for AGIs $25k-50k, 4.6% for AGIs $50k-75k, 6.4% for AGIs $75k-100k, 8.1% for AGIs $100k-200k, 7.9% for AGIs over 200k)

Earned income credit: $1,724 (reported on 7.8% of returns)
Here:

$1,724
State:

$2,037
(% of AGI for various income ranges: 3.1% for AGIs below $25k, 0.4% for AGIs $25k-50k)

Percentage of individuals using paid preparers for their 2012 taxes: 54.4%
Here:

54%
State:

55%
(% for various income ranges: 48.9% for AGIs below $25k, 45.5% for AGIs $25k-50k, 52.5% for AGIs $50k-75k, 58.4% for AGIs $75k-100k, 62.0% for AGIs $100k-200k, 79.2% for AGIs over 200k)

Averages for the 2004 tax year for zip code 55305, filed in 2005:

Average Adjusted Gross Income (AGI) in 2004: $90,440 (Individual Income Tax Returns)
Here:

$90,440
State:

$53,560

Salary/wage: $67,072 (reported on 79.1% of returns)
Here:

$67,072
State:

$46,177
(% of AGI for various income ranges: 67.3% for AGIs $10k-25k, 78.7% for AGIs $25k-50k, 72.5% for AGIs $50k-75k, 72.5% for AGIs $75k-100k, 50.7% for AGIs over 100k)

Taxable interest for individuals: $5,402 (reported on 55.3% of returns)
This zip code:

$5,402
Minnesota:

$1,796
(% of AGI for various income ranges: 4.6% for AGIs $10k-25k, 2.0% for AGIs $25k-50k, 2.3% for AGIs $50k-75k, 2.0% for AGIs $75k-100k, 3.5% for AGIs over 100k)

Taxable dividends: $6,980 (reported on 44.5% of returns)
Here:

$6,980
State:

$3,096
(% of AGI for various income ranges: 4.3% for AGIs $10k-25k, 1.9% for AGIs $25k-50k, 2.6% for AGIs $50k-75k, 2.2% for AGIs $75k-100k, 3.7% for AGIs over 100k)

Net capital gain/loss: +$27,676 (reported on 39.3% of returns)
Here:

+$27,676
State:

+$10,864
(% of AGI for various income ranges: 1.0% for AGIs $10k-25k, 0.6% for AGIs $25k-50k, 1.7% for AGIs $50k-75k, 2.8% for AGIs $75k-100k, 16.5% for AGIs over 100k)

Profit/loss from business: +$18,889 (reported on 16.0% of returns)
Here:

+$18,889
State:

+$10,442
(% of AGI for various income ranges: 5.6% for AGIs $10k-25k, 3.8% for AGIs $25k-50k, 3.7% for AGIs $50k-75k, 4.1% for AGIs $75k-100k, 3.1% for AGIs over 100k)

IRA payment deduction: $3,291 (reported on 2.9% of returns)
55305:

$3,291
Minnesota:

$2,955
(% of AGI for various income ranges: 0.3% for AGIs $10k-25k, 0.3% for AGIs $25k-50k, 0.3% for AGIs $50k-75k, 0.2% for AGIs $75k-100k, 0.0% for AGIs over 100k)

Self-employed pension: $17,412 (reported on 2.5% of returns)
Here:

$17,412
Minnesota:

$12,099
(% of AGI for various income ranges: 0.1% for AGIs $10k-25k, 0.1% for AGIs $25k-50k, 0.2% for AGIs $50k-75k, 0.4% for AGIs $75k-100k, 0.6% for AGIs over 100k)

Total itemized deductions: $31,342 (19% of AGI, reported on 47.8% of returns)
Here:

$31,342
State:

$20,035

Here:

19.3% of AGI
State:

21.3% of AGI
(% of AGI for various income ranges: 17.0% for AGIs $10k-25k, 13.5% for AGIs $25k-50k, 17.7% for AGIs $50k-75k, 20.2% for AGIs $75k-100k, 16.0% for AGIs over 100k)

Charity contributions deductions: $5,919 (3% of AGI, reported on 44.6% of returns)
Here:

$5,919
State:

$3,333

Here:

3.5% of AGI
State:

3.4% of AGI
(% of AGI for various income ranges: 1.9% for AGIs $10k-25k, 1.7% for AGIs $25k-50k, 2.5% for AGIs $50k-75k, 3.0% for AGIs $75k-100k, 3.1% for AGIs over 100k)

Total tax: $19,482 (reported on 82.7% of returns)
55305:

$19,482
State:

$8,485
(% of AGI for various income ranges: 4.9% for AGIs $10k-25k, 8.7% for AGIs $25k-50k, 10.5% for AGIs $50k-75k, 11.1% for AGIs $75k-100k, 21.2% for AGIs over 100k)

Earned income credit: $1,364 (reported on 5.8% of returns)
Here:

$1,364
State:

$1,523

Percentage of individuals using paid preparers for their 2004 taxes: 58.0%
Here:

58%
State:

59%
(% for various income ranges: 56.5% for AGIs below $10k, 55.0% for AGIs $10k-25k, 50.2% for AGIs $25k-50k, 55.3% for AGIs $50k-75k, 61.2% for AGIs $75k-100k, 71.9% for AGIs over 100k)

Estimated median household income in 2013:
This zip code:

$66,298
Minnesota:

$60,702
Minnetonka, MN (55305) map Nearest zip codes: 55343, 55441, 55426, 55427, 55345, 55436.
Percentage of family households:
This zip code:

41.1%
Minnesota:

50.8%
Percentage of households with unmarried partners:
This zip code:

4.8%
Minnesota:

6.7%
Likely homosexual households (counted as self-reported same-sex unmarried-partner households)

Household received Food Stamps/SNAP in the past 12 months: 285
Household did not receive Food Stamps/SNAP in the past 12 months: 8,775


Women who had a birth in the past 12 months: 261 (219 now married, 42 unmarried)
Women who did not have a birth in the past 12 months: 4,053 (1,804 now married, 2,249 unmarried)


Housing units in zip code 55305 with a mortgage: 3,797 (194 second mortgage, 980 home equity loan, 63 both second mortgage and home equity loan)
Houses without a mortgage: 1,511

Median monthly owner costs for units with a mortgage: $1,983
Median monthly owner costs for units without a mortgage: S627

Residents with income below the poverty level in 2013:
This zip code:

6.2%
Whole state:

11.2%
Residents with income below 50% of the poverty level in 2013:
This zip code:

3.0%
Whole state:

6.3%
Median number of rooms in houses and condos:
Here:

7.4
State:

7.0
Median number of rooms in apartments:
Here:

3.6
State:

4.0
  • Notable locations in this zip code not listed on our city pages

  • Click to draw/clear zip code borders
  • Notable locations in zip code 55305: Oak Ridge Country Club (A), Minnetonka Fire Department Station 2 (B), Ridgedale-Hennepin Area Library (C). Display/hide their locations on the map

    Shopping Centers: Bonaventure Mall Shopping Center (1), Computer City Plaza Shopping Center (2), Country Village Shopping Center (3), Lunds Country Village Shopping Center (4), Ridge Square North Shopping Center (5), Ridge Square South Shopping Center (6), Ridgedale Festival Shopping Center (7), Ridgedale Shopping Center (8), Ridgehaven Shopping Center (9). Display/hide their locations on the map

    Churches in zip code 55305 include: Episcopal Parish Church of Saint David (A), Saint Paul Church (B). Display/hide their locations on the map

    Lakes: Windsor Lake (A), Crane Lake (B). Display/hide their locations on the map

    Parks in zip code 55305 include: Oberlin Park (1), Ford Park (2). Display/hide their locations on the map

Year house built

  • 02010 or later
  • 7532000 to 2009
  • 1,4501990 to 1999
  • 2,9271980 to 1989
  • 1,6751970 to 1979
  • 1,1461960 to 1969
  • 1,2761950 to 1959
  • 2101940 to 1949
  • 2321939 or earlier

Zip code 55305 satellite photo by USGS

Owner-occupied Renter-occupied

Bedrooms in owner-occupied houses and condos in Minnetonka, MN (55305)

  • 15no bedroom
  • 4071 bedroom
  • 1,0882 bedrooms
  • 1,9083 bedrooms
  • 1,5114 bedrooms
  • 3795+ bedrooms

Bedrooms in renter-occupied apartments in Minnetonka, MN (55305)

  • 18no bedroom
  • 1,8551 bedroom
  • 1,5582 bedrooms
  • 2283 bedrooms
  • 774 bedrooms
  • 165+ bedrooms
Owner-occupied Renter-occupied

Cars and other vehicles available in Minnetonka, MN (55305) in owner-occupied houses/condos

  • 83no vehicle
  • 1,4931 vehicle
  • 2,6172 vehicles
  • 9213 vehicles
  • 1324 vehicles
  • 625+ vehicles

Cars and other vehicles available in Minnetonka, MN (55305) in renter-occupied apartments

  • 483no vehicle
  • 2,2491 vehicle
  • 9382 vehicles
  • 603 vehicles
  • 224 vehicles
  • 05+ vehicles

Median gross rent in 2013: $1,057.

Estimated median house (or condo) value in 2013 for:


Estimated median house or condo value in 2013: $285,600
55305:

$285,600
Minnesota:

$180,100
Lower value quartile - upper value quartile: $200,400 - $407,900

Owners and renters by unit type in %

Housing units in structures:


Unemployment: 6.6%

Percentage of zip code residents living and working in this county: 87.3%

Household type by relationship:

Households: 18,395

Size of family households: 2,912 2-persons, 966 3-persons, 792 4-persons, 187 5-persons, 67 6-persons, 46 7-or-more-persons

Size of nonfamily households: 3,545 1-person, 504 2-persons, 41 3-persons

2,548 married couples with children.
754 single-parent households (54 men, 700 women).

89.5% of residents of 55305 zip code speak English at home.
2.0% of residents speak Spanish at home (64% very well, 27% well, 9% not well).
3.2% of residents speak other Indo-European language at home (81% very well, 11% well, 5% not well, 3% not at all).
2.8% of residents speak Asian or Pacific Island language at home (74% very well, 18% well, 8% not well).
2.4% of residents speak other language at home (48% very well, 42% well, 3% not well, 6% not at all).

Foreign born population: 1,812 (9.8%)
(43.3% of them are naturalized citizens)
This zip code:

9.8%
Whole state:

7.4%

Most common places of birth for the foreign-born residents

  • 16%India
  • 6%Israel
  • 6%Other Eastern Africa
  • 5%Russia
  • 5%Korea
  • 4%Kenya
  • 4%Brazil

Most common first ancestries reported in 55305 (%)

  • 18%German
  • 15%Other groups
  • 9%Norwegian
  • 8%Swedish
  • 6%American
  • 5%Irish
  • 5%English

Year of entry for the foreign-born population

  • 1572010 or later
  • 7402000 to 2009
  • 4721990 to 1999
  • 503Before 1990

Zip code 55305 topographic map

Public primary/middle schools in zip code 55305 not listed on the city page:

  • 270 HOPKINS HS IS ALC (Location: 2400 LINDBERGH DR., EDEN PRAIRIE, MN; Grades: 00 - 00)
  • HOPKINS ONLINE ACADEMY (Location: 1001 HIGHWAY 7, HOPKINS, MN; Grades: 00 - 00)
  • 270 TANGLEN ELEMENTARY - TS (Location: 1901 HILLSIDE LANE, MINNETONKA, MN; Grades: 00 - 00)
  • 270 HOPKINS NORTH JR HIGH TS (Location: 10700 CEDAR LAKE RD, MINNETONKA, MN; Grades: 00 - 00)
  • 270 HOPKINS WEST JR HIGH TC (Location: 3830 BALER RD, MINNETONKA, MN; Grades: 00 - 00)
There are 401 Other Medical Specialists in Zip Code 55305.

Major facilities with environmental interests located in this zip code:

Fire-safe hotels and motels in zip code 55305:

All 3 fire-safe hotels and motels in zip code 55305

Zip code 55305 marital status for males
Zip code 55305 marital status for females

Housing units lacking complete plumbing facilities: 0.2%
Housing units lacking complete kitchen facilities: 0.8%

Most commonly used house heating fuel

  • 72%Utility gas
  • 23%Electricity
  • 2%No fuel used
  • 1%Fuel oil, kerosene, etc.
  • 1%Other fuel
  • 1%Bottled, tank, or LP gas

Place of birth for U.S.-born residents:


53% of the 55305 zip code residents lived in the same house 5 years ago.
   Out of people who lived in different houses, 59% lived in this county.
   Out of people who lived in different counties, 50% lived in Minnesota.

83% of the 55305 zip code residents lived in the same house 1 year ago.
   Out of people who lived in different houses, 70% moved from this county.
   Out of people who lived in different houses, 13% moved from different county within same state.
   Out of people who lived in different houses, 13% moved from different state.
   Out of people who lived in different houses, 4% moved from abroad.

Year Householders Moved Into Unit

Private vs. public school enrollment:

Students in private schools in grades 1 to 8 (elementary and middle school): 280
Here:

17.3%
Minnesota:

11.3%
Students in private schools in grades 9 to 12 (high school): 176
Here:

25.0%
Minnesota:

8.3%
Students in private undergraduate colleges: 150
Here:

19.8%
Minnesota:

23.1%

Educational Attainment (%)

School Enrollment by Level of School (%)

Class of Workers (%)

Occupation by median earnings in the past 12 months ($)

  • 86,051Management occupations
  • 76,417Computer and mathematical occupations
  • 68,854Law enforcement workers including supervisors
  • 67,125Architecture and engineering occupations
  • 66,818Health diagnosing and treating practitioners and other technical occupations
  • 66,719Legal occupations

Companies with federal contracts located in this zip code:

Top industries in this zip code by the number of employees in 2005:


Age and Sex of Sensory-Disabled Residents (Noninstitutionalized)

Age and Sex of Physically-Disabled Residents (Noninstitutionalized)

Age and Sex of Mentally-Disabled Residents (Noninstitutionalized)

Age and Sex of Self-Care Disabled Residents (Noninstitutionalized)

Age and Sex of Go-Outside-Home Disabled Residents (Noninstitutionalized)

Age and Sex of Residents with Employment Disability (Noninstitutionalized)

People in group quarters in 2010:

  • 34 people in nursing facilities/skilled-nursing facilities
  • 27 people in group homes intended for adults
  • 17 people in residential treatment centers for juveniles (non-correctional)
  • 12 people in other noninstitutional facilities
  • 8 people in residential treatment centers for adults

People in group quarters in 2000:

  • 57 people in homes for the mentally retarded
  • 30 people in nursing homes
  • 28 people in homes for the physically handicapped
  • 25 people in homes or halfway houses for drug/alcohol abuse

Fatal accident statistics in 2011:

  • Fatal accident count: 1
  • Vehicles involved in fatal accidents: 1
  • Fatal accidents caused by drunken drivers: 0
  • Fatalities: 1
  • Persons involved in fatal accidents: 1
  • Pedestrians involved in fatal accidents: 0
Home Mortgage Disclosure Act Aggregated Statistics For Year 2009
(Based on 4 full and 6 partial tracts)
A) FHA, FSA/RHS & VA
Home Purchase Loans
B) Conventional
Home Purchase Loans
C) Refinancings
D) Home Improvement Loans
F) Non-occupant Loans on
< 5 Family Dwellings (A B C & D)
G) Loans On Manufactured
Home Dwelling (A B C & D)
NumberAverage ValueNumberAverage ValueNumberAverage ValueNumberAverage ValueNumberAverage ValueNumberAverage Value
LOANS ORIGINATED122$195,040183$253,7481,162$243,41039$161,24168$148,8310$0
APPLICATIONS APPROVED, NOT ACCEPTED6$203,25518$307,00663$239,7328$89,1046$176,5322$17,845
APPLICATIONS DENIED6$210,45518$310,804271$242,2839$96,79315$177,5260$0
APPLICATIONS WITHDRAWN9$139,45129$270,341190$244,91714$132,6763$98,7470$0
FILES CLOSED FOR INCOMPLETENESS2$259,7204$125,63557$189,6332$19,9850$00$0
Private Mortgage Insurance Companies Aggregated Statistics For Year 2009
(Based on 4 full and 6 partial tracts)
A) Conventional
Home Purchase Loans
B) Refinancings
C) Non-occupant Loans on
< 5 Family Dwellings (A & B)
NumberAverage ValueNumberAverage ValueNumberAverage Value
LOANS ORIGINATED34$279,27921$279,0500$0
APPLICATIONS APPROVED, NOT ACCEPTED4$234,4832$317,7752$113,690
APPLICATIONS DENIED10$349,2754$235,2030$0
APPLICATIONS WITHDRAWN4$416,7082$330,1050$0
FILES CLOSED FOR INCOMPLETENESS4$266,1451$408,2502$115,585

Conventional Home Purchase Loans

Conventional Home Purchase Loans - Value

Most common first names in zip code 55305 among deceased individuals
NameCountLived (average)
Robert4977.4 years
John3779.1 years
Mary3681.5 years
Dorothy3483.0 years
Donald3479.2 years
Helen3384.8 years
William3180.3 years
Richard2776.3 years
Margaret2783.9 years
James2376.0 years
Most common last names in zip code 55305 among deceased individuals
Last nameCountLived (average)
Johnson3379.3 years
Anderson2681.4 years
Olson2180.7 years
Peterson1981.9 years
Nelson1871.1 years
Carlson1179.3 years
Smith1085.3 years
Berg873.6 years
Larson879.9 years
Erickson870.7 years
Businesses in zip code 55305
NameCountNameCount
ALDI1Jones New York1
ALDO1Journeys1
AT&T2Justice1
Abercrombie & Fitch1Lane Bryant1
Abercrombie Kids1LensCrafters1
Aeropostale1Macy's1
Aerosoles1MasterBrand Cabinets3
American Eagle Outfitters1Mazda1
Ann Taylor1Men's Wearhouse2
Apple Store1Motherhood Maternity2
Applebee's1New Balance1
Barnes & Noble1New York & Co1
Bath & Body Works1Nike9
Bebe1OfficeMax1
Bed Bath & Beyond1Pac Sun1
Bentleymotors.Com1Panera Bread1
Brookstone1Payless1
Cache1Pier 1 Imports2
Caribou Coffee4Plato's Closet1
Chipotle1RadioShack1
Coldwater Creek1Sears2
Dairy Queen1Sephora1
Domino's Pizza1Sheraton1
Eddie Bauer1Slumberland1
Express1Soma Intimates1
Famous Footwear1Sprint Nextel2
FedEx5Staples1
Finish Line1Starbucks2
Firestone Complete Auto Care1Subaru1
Ford1Subway2
GNC1T-Mobile3
GameStop1Target1
Gap3Toys"R"Us1
H&R Block1UPS4
Hilton1Vans2
Hollister Co.1Verizon Wireless3
Hot Topic1Victoria's Secret1
J. Jill1Walgreens1
JCPenney1Wendy's1
Jamba Juice1YMCA1

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