Oak Terrace, MN
Comprehensive Demographic, Economic, and Housing Data Profile
Living in Oak Terrace, MN: Quick Facts & Overview
- Population: 20,789 residents (703 people per sq. mi.)
- Average House Price: $514,564
- Average Household Income: $145,332
Oak Terrace, MN is located in the state of Minnesota. It is home to about 20,789 people, with around 703 residents living in every square mile.
If you want to buy a house in Oak Terrace, the average price is around $514,564. That makes local housing 98% higher than the Minnesota average of $260,056, and 67% higher than the national average of $308,592.
The average household in Oak Terrace earns about $145,332 a year. This income is 77% higher than the average family in Minnesota ($82,068), and 85% higher than the national average ($78,686).
Population
20,789
Median Household Income
$145,332
Median Home Value
$514,564
Median Age
44.6 yrs
Household Income Brackets
Racial & Ethnic Demographics
Age Distribution
Educational Attainment
Economic & Labor Indicators
| Individual Median Income | $68,855 |
| Labor Force Participation | 67.9% |
| Unemployment Rate | 2.5% |
| Average Commute Time | 20.8 mins |
Housing & Community Metrics
| Home Ownership Rate | 85.3% |
| Median Rent | $1,446 |
| Rent Burdened (>30% Income) | 44.7% |
| Total Housing Units | 8,313 |
Additional Census & Housing Profile
Geographic Overview
| County | Hennepin |
| County FIPS | 27053 |
| Metro Area (CBSA) | Minneapolis-St. Paul-Bloomington, MN-WI |
| Combined Area (CSA) | Minneapolis-St. Paul, MN-WI |
| Population Density | 703.0/sq mi |
| Coordinates (lat/lng) | 44.8961, -93.4705 |
| Timezone | America/Chicago |
| National Ranking | 4 |
| Incorporated | No |
Household Structure
| Average Family Size | 2.99 |
| Dual Income Families | 65.9% |
Marital Status
| Married | 62.1% |
| Never Married | 21.6% |
| Divorced | 10.8% |
| Widowed | 5.6% |
Gender
| Male | 50.5% |
| Female | 49.5% |
Health & Poverty
| Uninsured Rate (Health) | 1.5% |
| Poverty Rate | 4.4% |
Key Population Groups
| Veterans | 4.8% |
| Disabled Population | 9.0% |
| Limited English Proficiency | 2.5% |
All ZIP Codes in Oak Terrace
| ZIP Code | Population | Median Household Income | Median Home Value |
|---|---|---|---|
| 55345 | 20,789 | $145,332 | $514,564 |
Nearby Cities
| City | Distance | Population |
|---|---|---|
| Minnetonka, MN | 2.5 miles | 53,064 |
| Eden Prairie, MN | 3.3 miles | 63,051 |
| Hopkins, MN | 3.8 miles | 18,819 |
| Deephaven, MN | 3.8 miles | 3,793 |
| Greenwood, MN | 4.3 miles | 699 |
| Woodland, MN | 4.5 miles | 477 |
| Excelsior, MN | 4.7 miles | 2,570 |
| Chanhassen, MN | 5.3 miles | 26,006 |
| Edina, MN | 5.4 miles | 53,262 |
| Wayzata, MN | 5.4 miles | 4,354 |
| Shorewood, MN | 5.9 miles | 7,647 |
| Tonka Bay, MN | 5.9 miles | 1,270 |
| St. Louis Park, MN | 6.3 miles | 49,594 |
| Orono, MN | 7.6 miles | 8,195 |
| Medicine Lake, MN | 7.6 miles | 596 |
| Long Lake, MN | 7.7 miles | 1,728 |
| Shakopee, MN | 8.4 miles | 46,012 |
| Spring Park, MN | 8.4 miles | 1,896 |
| Golden Valley, MN | 8.5 miles | 21,725 |
| Plymouth, MN | 8.7 miles | 79,220 |
| Chaska, MN | 8.7 miles | 28,706 |
| Bloomington, MN | 8.9 miles | 88,665 |
| Richfield, MN | 9.3 miles | 36,642 |
| Victoria, MN | 9.5 miles | 11,295 |
| Mound, MN | 9.6 miles | 9,107 |
| New Hope, MN | 10.6 miles | 21,181 |
| Medina, MN | 10.9 miles | 6,968 |
| Minneapolis, MN | 11 miles | 2,937,870 |
| Savage, MN | 11.1 miles | 32,889 |
| Crystal, MN | 11.2 miles | 22,476 |
| Robbinsdale, MN | 11.2 miles | 14,234 |
| Prior Lake, MN | 11.9 miles | 28,016 |
| Minnetrista, MN | 12.1 miles | 8,708 |
| Maple Plain, MN | 12.2 miles | 1,701 |
| Carver, MN | 12.8 miles | 6,239 |
| Burnsville, MN | 13 miles | 64,463 |
| Crown College, MN | 13.3 miles | 422 |
| St. Bonifacius, MN | 13.6 miles | 1,997 |
| Loretto, MN | 13.6 miles | 784 |
| Brooklyn Center, MN | 14.1 miles | 32,479 |
| Independence, MN | 14.5 miles | 3,694 |
| Maple Grove, MN | 14.7 miles | 71,173 |
| Lauderdale, MN | 14.8 miles | 2,388 |
| Columbia Heights, MN | 15.2 miles | 22,155 |
| Mendota, MN | 15.2 miles | 207 |
| Hilltop, MN | 15.3 miles | 1,053 |
| St. Anthony, MN | 15.4 miles | 9,671 |
| Corcoran, MN | 15.7 miles | 7,302 |
| Falcon Heights, MN | 15.7 miles | 5,085 |
| Osseo, MN | 15.7 miles | 2,584 |
| Brooklyn Park, MN | 16 miles | 83,876 |
| Eagan, MN | 16 miles | 68,000 |
| Credit River, MN | 16 miles | 5,551 |
| Waconia, MN | 16.1 miles | 13,434 |
| Mendota Heights, MN | 16.2 miles | 11,612 |
| Fridley, MN | 16.6 miles | 30,241 |
| Lilydale, MN | 16.7 miles | 772 |
| Apple Valley, MN | 16.8 miles | 55,679 |
| Roseville, MN | 17.5 miles | 35,802 |
| New Brighton, MN | 17.5 miles | 22,710 |
| Greenfield, MN | 17.6 miles | 2,894 |
| Jordan, MN | 17.9 miles | 6,771 |
| Cologne, MN | 18.1 miles | 2,282 |
| St. Paul, MN | 18.3 miles | 307,284 |
| Lakeville, MN | 18.5 miles | 74,354 |
| Sunfish Lake, MN | 18.5 miles | 533 |
| Delano, MN | 18.6 miles | 6,942 |
| West St. Paul, MN | 18.8 miles | 21,382 |
| Spring Lake Park, MN | 18.8 miles | 7,032 |
| Watertown, MN | 18.8 miles | 4,790 |
| Rockford, MN | 19.1 miles | 4,597 |
| Arden Hills, MN | 19.2 miles | 9,658 |
| Champlin, MN | 19.3 miles | 23,294 |
| Mounds View, MN | 19.4 miles | 12,926 |
| Dayton, MN | 20.3 miles | 9,095 |
| Hanover, MN | 20.4 miles | 3,626 |
| Mayer, MN | 20.6 miles | 2,518 |
| Inver Grove Heights, MN | 20.7 miles | 35,906 |
| Rogers, MN | 20.7 miles | 13,685 |
| Coon Rapids, MN | 20.8 miles | 63,468 |
| Little Canada, MN | 20.8 miles | 10,514 |
| Shoreview, MN | 20.9 miles | 26,714 |
| South St. Paul, MN | 21 miles | 20,611 |
| Anoka, MN | 22 miles | 17,970 |
| Farmington, MN | 22.2 miles | 23,902 |
| Lexington, MN | 22.2 miles | 2,770 |
| Rosemount, MN | 22.3 miles | 27,562 |
| Vadnais Heights, MN | 22.3 miles | 12,838 |
| Maplewood, MN | 22.6 miles | 40,695 |
| Blaine, MN | 22.8 miles | 72,488 |
| Circle Pines, MN | 23 miles | 4,968 |
| Newport, MN | 23.2 miles | 4,754 |
| North Oaks, MN | 23.4 miles | 5,179 |
| Norwood Young America, MN | 23.6 miles | 3,849 |
| St. Michael, MN | 23.7 miles | 20,010 |
| St. Paul Park, MN | 23.7 miles | 5,457 |
| Elko New Market, MN | 23.7 miles | 5,002 |
| Belle Plaine, MN | 23.8 miles | 7,423 |
| Gem Lake, MN | 23.8 miles | 483 |
| North St. Paul, MN | 24.4 miles | 12,570 |