BMIE Market 55340

Hennepin County, Minnesota · ZCTA boundaries as of 2020

Profile

Population (current estimate)	10,183 2020–2024 ACS 5-year estimate ±618 · American Community Survey 5-Year Estimates · ACS 5-Year 2024 (2020-2024) ZCTA · B01003_001E · on 2020 boundaries · retrieved 2026-09-05
Households	3,514 2020–2024 ACS 5-year estimate ±268 · American Community Survey 5-Year Estimates · ACS 5-Year 2024 (2020-2024) ZCTA · B11001_001E · on 2020 boundaries · retrieved 2026-09-05
Population, 2010 Census count	6,327 2010 Census count · Decennial Census · Census Gazetteer ZCTA 2010 · POP10 · on 2010 boundaries · retrieved 2026-09-04
Housing units	2,236 2010 Census count · Decennial Census · Census Gazetteer ZCTA 2010 · HU10 · on 2010 boundaries · retrieved 2026-09-04
Median household income	$178,553 2020–2024 ACS 5-year estimate ±43,750 · American Community Survey 5-Year Estimates · ACS 5-Year 2024 (2020-2024) ZCTA · B19013_001E · on 2020 boundaries · retrieved 2026-09-05
Median age	39.4 2020–2024 ACS 5-year estimate ±2 · American Community Survey 5-Year Estimates · ACS 5-Year 2024 (2020-2024) ZCTA · B01002_001E · on 2020 boundaries · retrieved 2026-09-05
Median gross rent	$1,452 2020–2024 ACS 5-year estimate ±930 · American Community Survey 5-Year Estimates · ACS 5-Year 2024 (2020-2024) ZCTA · B25064_001E · on 2020 boundaries · retrieved 2026-09-05
Median home value	$639,100 2020–2024 ACS 5-year estimate ±30,366 · American Community Survey 5-Year Estimates · ACS 5-Year 2024 (2020-2024) ZCTA · B25077_001E · on 2020 boundaries · retrieved 2026-09-05
Land area	35.6 sq mi Census Gazetteer 2020
Restaurants	7 2023 · U.S. Census Bureau, ZIP Code Business Patterns 2023 detail (NAICS2022) · by USPS ZIP 55340
Restaurants per 10,000 residents	12.6 DERIVED: 2010 restaurants (ZIP) ÷ 2010 Census population (ZCTA) · different years, stated as such
Restaurant growth, 5-year	+16.7% DERIVED: 2018 → 2023, ZIP Code Business Patterns restaurants
Restaurant growth, 10-year	+16.7% DERIVED: 2013 → 2023, ZIP Code Business Patterns restaurants
Restaurant growth, 20-year	+75.0% DERIVED: 2003 → 2023, ZIP Code Business Patterns restaurants
Restaurant growth, Longest on file	+0.0% DERIVED: 1994 → 2023, ZIP Code Business Patterns restaurants
Projected restaurants, 2028	6 (range 4–8) FORECAST · linear trend v1 fitted to 2013–2023 (11 points, +0.0 per year, r² 0.02) · 80% range · confidence Low · momentum, not a guarantee
Projected population, 5 years ahead	Needs more ACS years on file
BMIE Market Score	77 / 100 MODELED · bmie_market_score v1 · confidence High · why?
Consumer Market Score	82 / 100 MODELED · consumer_market_score v1 · confidence High · why?
Restaurant Opportunity Score	76 / 100 MODELED · restaurant_opportunity_score v1 · confidence High · why?
Market Momentum Score	70 / 100 MODELED · market_momentum_score v1 · confidence High · why?

Map

Boundary: U.S. Census Bureau cartographic file, 1:500k, 2020 vintage. Basemap © OpenStreetMap contributors.

Trends

Historical lines are published counts. Dashed lines are derived: a least-squares trend through the last decade, extended as a FORECAST with its 80% range. Momentum, not a guarantee.

Restaurants by year, with trend and projection

ZIP Code Business Patterns, USPS ZIP 55340. Projection: linear trend v1, fitted 2013–2023, +0.0 restaurants per year, r² 0.02, confidence Low.

Growth index (first year on file = 100)

Each category relative to its own first published count. Full/limited split is unavailable under SIC (before 1998).

Mix of the food-service market

Share of all food-service establishments. "Other" = snack bars, caterers, contractors, mobile.

Population and restaurants per 10,000 residents

Population points: 2010 Census count and ACS 5-year estimates on file (more vintages load over time). Density uses the population point within two years of each restaurant count. Population projection appears once three or more ACS years are loaded.

Restaurant growth vs. Minnesota and U.S. averages

Averages are the mean growth across all ZCTAs with the figure (state n = 715, U.S. n = 24,852). DERIVED from ZIP Code Business Patterns.

Why these scores?

Each score is a weighted average of national percentile ranks (0 = lowest of all ZCTAs with that figure, 100 = highest). Weights are set in the model registry, not in code, and every score carries its model version.

BMIE Market Score: 77 (High confidence)

Component	Value	Rank	Weight	Adds
Consumer Market Score	81.5	82	40%	+32.6
Restaurant Opportunity Score	76.1	76	35%	+26.6
Market Momentum Score	70.5	70	25%	+17.6

Health index, advertising, whitespace, competition and risk components join in later versions.

Consumer Market Score: 82 (High confidence)

Component	Value	Rank	Weight	Adds
Population (ACS)	10,183	71	40%	+28.4
Median household income (ACS)	178,553	98	40%	+39.3
Households (ACS)	3,514	69	20%	+13.8

Percentile-rank composite. No spending model yet: income and size stand in for spending capacity.

Restaurant Opportunity Score: 76 (High confidence)

Component	Value	Rank	Weight	Adds
10-year restaurant growth	16.7	60	35%	+21.1
Restaurants per 10,000 residents (lower = more room)	6.9	85	25%	+21.2
Population (ACS)	10,183	71	20%	+14.2
Median household income (ACS)	178,553	98	20%	+19.6

Whitespace, competition and demand signals are not yet available; this version uses growth, density, size and income only.

Market Momentum Score: 70 (High confidence)

Component	Value	Rank	Weight	Adds
5-year restaurant growth	16.7	75	50%	+37.3
10-year restaurant growth	16.7	60	30%	+18.0
20-year restaurant growth	75	76	20%	+15.2

Restaurant-count growth only until population and income growth series exist.

A high score is a statistical position among all U.S. ZCTAs, not a prediction that a restaurant will succeed.

Restaurants on file (20)

By cuisine

Coffee 4 · Pizza 4 · Bakery 3 · American 2 · BBQ 2 · Burgers 2 · Dessert 2 · Italian 2 · Asian 1 · Breakfast 1

By type

Restaurant (service type not stated) 14 · Bakery 3 · Bar 3 · Café 3 · Coffee shop 3 · Dessert 2 · Casual dining 1 · Quick service 1

Name	Type	Cuisine	Address	Status
10-50 Club	Restaurant (service type not stated)	Burgers	20115 County Road 10	open
Backyard Bombers BBQ	Restaurant (service type not stated)	BBQ	3795 Pinto Dr	open
Caribou Coffee Caribou Coffee	Coffee shop · Restaurant (service type not stated) · Café	Coffee	325 Clydesdale Trail Suite 100	open
Caribou Coffee Caribou Coffee	Coffee shop · Restaurant (service type not stated) · Café	Coffee	3692 Pinto Dr	open
Casey's	Restaurant (service type not stated)	Pizza	762 Hwy 55	open
Clover Corner Farmstand	Bakery · Dessert	Bakery · Dessert	6576 Old Settlers Rd	open
Hometowne Pizza	Restaurant (service type not stated)	Pizza · Italian	212 Clydesdale Trail #1010	open
Imagine Tomorrow Inc	Restaurant (service type not stated)		883 Meander Ct	open
Inn Kahoots	Bar		45 Hamel Rd	open
McDonald's McDonald's	Quick service · Restaurant (service type not stated)	Burgers	822 Hwy 55	open
OAK Eatery	Restaurant (service type not stated)	American · Pizza	190 Westfalen Trl #500	open
Peg's Countryside Cafe	Café · Restaurant (service type not stated)	Coffee · Breakfast	842 Highway 55	open
Perkins American Food Co.	Bakery	Bakery	494 Highway 55	open
Robert's Craft Kitchen and Bar	Casual dining · Bar · Restaurant (service type not stated)	American	500 Hwy 55	open
Starbucks	Restaurant (service type not stated) · Coffee shop	Pizza · Coffee	300 Clydesdale Trl	open
The Stanchion	Bar		20037 County Hwy 10	open
Urban Wok	Restaurant (service type not stated)	Asian	3692 Pinto Dr	open
Vesuvio's Mobile Wood Fired Pizza	Restaurant (service type not stated)	BBQ · Italian	712 Hwy 55	open
Zhinus Delights	Bakery · Dessert	Bakery · Dessert	1032 Jubert Trail	open
Rose Garden	Restaurant (service type not stated)		714 Highway 55	closed

Listings: Overture Maps Places (CDLA-Permissive-2.0), matched into the BMIE restaurant master. Census establishment counts and listing counts differ by definition (Census counts employer establishments in the reference week; listings are places currently mapped).

Restaurant establishments over time

Year	All food service	Restaurants	Full-service	Limited-service	Snack & beverage	Bars	Industry codes
1994	9	7	—	—	—	2	SIC1987
1995	9	6	—	—	—	3	SIC1987
1996	9	6	—	—	—	3	SIC1987
1997	8	5	—	—	—	3	SIC1987
1998	10	7	3	4	—	3	NAICS1997
1999	9	6	4	2	—	3	NAICS1997
2000	12	8	5	3	—	4	NAICS1997
2001	10	6	4	2	—	4	NAICS1997
2002	10	5	2	3	—	4	NAICS1997
2003	9	4	2	2	—	3	NAICS2002
2004	13	6	3	3	—	5	NAICS2002
2005	13	7	3	4	—	5	NAICS2002
2006	12	7	3	4	—	4	NAICS2002
2007	13	9	4	4	1	3	NAICS2002
2008	11	7	3	3	1	3	NAICS2007
2009	11	7	3	3	1	3	NAICS2007
2010	12	8	3	4	1	3	NAICS2007
2011	14	10	3	6	1	3	NAICS2007
2012	11	6	3	2	1	3	NAICS2012
2013	12	6	3	2	1	3	NAICS2012
2014	12	6	3	2	1	3	NAICS2012
2015	11	6	3	2	1	3	NAICS2012
2016	12	7	4	2	1	3	NAICS2012
2017	12	7	4	—	—	3	NAICS2017
2018	11	6	4	—	—	3	NAICS2017
2019	11	6	4	—	—	3	NAICS2017
2020	11	6	3	—	—	3	NAICS2017
2021	9	5	—	—	—	—	NAICS2017
2022	12	7	4	—	—	—	NAICS2022
2023	13	7	3	—	—	—	NAICS2022

U.S. Census Bureau, ZIP Code Business Patterns, by USPS ZIP 55340. Categories are BMIE roll-ups of the published SIC/NAICS codes (full vs limited service is not split under SIC). More years load in stages.

Nearby markets (within 5 miles)

ZCTA	Distance	Restaurants	Year
55311	4.1 mi	27	2023
55446	4.8 mi	15	2023

Distance is centroid to centroid (Census Gazetteer). Restaurants: latest ZBP year on file for that ZIP.