55340 — Hamel, MN
Electrical Market Targeting Score
ZIP 55340 is a strongly owner-occupied area (92% owner occupancy) with a median household income of $179K and a median home value of $639K — earning a high Electrical targeting score of 87/100. The high single-family detached share (85%) is a strong demand driver.
Census Demographics — ZIP 55340
| Demographic Signal | Value |
|---|---|
| City | Hamel |
| State | MN |
| Total Population | 10,183 |
| Total Households | 3,514 |
| Median Household Income | $179K |
| Owner-Occupied Households | 3,245 |
| Owner Occupancy Rate | 92% |
| Median Home Value | $639K |
| Single-Family Detached Share | 85% |
| Median Resident Age | 39 years |
| Median Year Built(ACS B25035) | 1998 |
| Built Before 1980(older stock) | 38% |
| Built 1980–1999 | 29% |
| Built 2000 or Later(newer stock) | 32% |
| Source: 2024 ACS 5-Year | |
Comparable ZIPs in Minneapolis
Frequently Asked Questions
Why does ZIP 55340 score 87/100 for Electrical?▾
The score of 87/100 is driven by: +9 owner-occupied 92% (x1.2); +3 3,514 households; +5 median income $179K. Each signal is weighted for the Electrical vertical using AreaOps's per-vertical preset.
What does the targeting score mean for my business?▾
A score of 75–100 indicates strong demographic alignment with typical demand patterns for this vertical. 50–74 is moderate, and below 50 indicates the area demographics are less favorable. Use it as a starting signal — not the sole qualifier.
How do I add ZIP 55340 to my Electrical service area?▾
Sign up for AreaOps, create a brand for your Electrical operation, then use the Quick Add or targeting workbench to include ZIP 55340. You can also import a bulk list of high-scoring ZIPs as a CSV or XLSX file.
How often is the data updated?▾
Scores are refreshed monthly from 2024 ACS 5-Year data. The vintage note on this page shows which release powers the current score.
Manage Your Service Areas — for Electrical businesses in Minneapolis
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