Census tract · Hennepin County
Census Tract 240.06, Hennepin County, Minnesota
Census Tract 240.06, GEOID 27053024006, in Hennepin County, Minnesota, entirely within Edina. 2,219 residents in the ACS 2020-2024 5-year estimates (±250); the 2020 Census counted 2,078.
Residents, 2020-2024
2,219
±250 (90% margin)
2020 Census count: 2,078
Median household income
$154,688
±$27,850 (90% margin)
Hennepin County: $97,653
Median home value
$645,300
±$38,007 (90% margin)
Hennepin County: $392,900
Median gross rent
$2,820
±$183 (90% margin)
Hennepin County: $1,487
Where is Census Tract 240.06?
Census Tract 240.06 is one of 329 census tracts in Hennepin County, Minnesota. It covers 0.69 square miles of land, 3,007 residents per square mile in 2020. Its GEOID, 27053024006, names it uniquely (how tract numbers and GEOIDs work).
| Place | Share of the tract |
|---|---|
| Edina | 100% |
4 census tracts border Census Tract 240.06: Tract 238.01 ($215,278), Tract 239.01 ($182,473), Tract 240.03 ($84,092) and Tract 240.05 ($79,886). The figure in brackets is each tract's median household income.
Whether a tract counts as low- or moderate-income for bank lending (the Community Reinvestment Act) is set by the FFIEC against its metro area's family income: look it up in the FFIEC census geocoder.
Source: 2024 Gazetteer and 2020 block assignment files, U.S. Census Bureau · Census reference files
How many people live in Census Tract 240.06?
The 2020-2024 American Community Survey puts Census Tract 240.06's population at 2,219 (±250) in 939 households; the 2020 Census counted 2,078 residents and 939 housing units.
| Measure | Tract 240.06 | Edina |
|---|---|---|
| Total population | 2,219±250 | 53,262 |
| Households | 939±129 | 22,914 |
| Average household size | 2.35±0.17 | 2.29 |
| Housing units | 976±133 | 24,071 |
Source: American Community Survey 2020-2024 5-year estimates, U.S. Census Bureau (released January 2026); 2020 Census P.L. 94-171 · Check it at data.census.gov
Who lives in Census Tract 240.06?
The median resident of Census Tract 240.06 is 50.3 years old; 23.4% are under 18 and 27.2% are 65 or older. The largest group is non-Hispanic white residents at 77.1%, then non-Hispanic Asian residents at 11.1%. 12.8% of residents were born outside the United States.
| Measure | Tract 240.06 | Edina |
|---|---|---|
| Median age | 50.3±4.7 | 44.9 |
| Under 18 years | 23.4%±3.4 pts | 22.4% |
| 65 years and over | 27.2%±3.4 pts | 23.0% |
| Hispanic or Latino (any race) | 6.6%±5.6 pts | 3.8% |
| White alone, not Hispanic | 77.1%±7.5 pts | 80.1% |
| Black or African American alone, not Hispanic | 2.0%±2.5 pts | 2.9% |
| Asian alone, not Hispanic | 11.1%±5.5 pts | 7.0% |
| American Indian and Alaska Native alone, not Hispanic | 0.0%±1.0 pts | 0.1% |
| Native Hawaiian and Other Pacific Islander alone, not Hispanic | 0.0%±1.0 pts | 0.0% |
| Two or more races, not Hispanic | 2.8%±1.6 pts | 5.8% |
| Some other race alone, not Hispanic | 0.4%±0.5 pts | 0.3% |
| Born outside the United States | 12.8%±4.6 pts | 9.4% |
| Speak a language other than English at home (age 5+) | 15.3%±5.4 pts | 11.6% |
| Civilian veterans (age 18+) | 5.2%±2.2 pts | 3.7% |
| With a disability | 6.7%±2.5 pts | 9.6% |
| No health insurance coverage | 0.9%±0.8 pts | 1.7% |
| High school graduate or higher (age 25+) | 99.3%±0.8 pts | 98.3% |
| Bachelor's degree or higher (age 25+) | 81.6%±4.6 pts | 72.7% |
| Graduate or professional degree (age 25+) | 41.7%±6.5 pts | 31.1% |
| Lived in the same house a year earlier | 93.0%±3.4 pts | 85.9% |
Source: American Community Survey 2020-2024 5-year estimates, U.S. Census Bureau (released January 2026) (Data Profiles DP02, DP05) · Check it at data.census.gov
What do households in Census Tract 240.06 earn?
Half of the 939 households in Census Tract 240.06 earn less than $154,688 a year (±$27,850), against $97,653 across Hennepin County: 43rd highest of the county's 324 tracts with a reliable estimate. 2.1% of residents live below the poverty line.
| Measure | Tract 240.06 | Edina |
|---|---|---|
| Median household income | $154,688±$27,850 | $128,767 |
| Mean household income | $190,803±$16,520 | $214,711 |
| Per capita income | $80,001±$8,296 | $93,210 |
| People below the poverty line | 2.1%±1.3 pts | 4.7% |
| Children under 18 below the poverty line | 0.0%±4.2 pts | 4.5% |
| Households receiving SNAP | 0.9%±1.3 pts | 3.0% |
| Households with a computer | 96.8%±2.2 pts | 96.2% |
| Households with a broadband subscription | 97.3%±1.9 pts | 93.4% |
Source: American Community Survey 2020-2024 5-year estimates, U.S. Census Bureau (released January 2026) (Data Profile DP03) · Check it at data.census.gov
What does housing cost in Census Tract 240.06?
Owners occupy 83.4% of Census Tract 240.06's occupied homes and renters 16.6%. The median owner-occupied home is valued at $645,300 by its owner (±$38,007). The median renter pays $2,820 a month including utilities, and 62.7% of renters pay 35% or more of their income on rent.
| Measure | Tract 240.06 | Edina |
|---|---|---|
| Median home value (owner-occupied) | $645,300±$38,007 | $646,300 |
| Median gross rent | $2,820±$183 | $1,844 |
| Renters paying 35% or more of income on rent | 62.7%±17.3 pts | 38.6% |
| Median monthly owner costs, with a mortgage | $3,162±$254 | $3,193 |
| Owner-occupied homes | 83.4%±4.7 pts | 72.4% |
| Renter-occupied homes | 16.6%±4.7 pts | 27.6% |
| Housing units | 976±133 | 24,071 |
| Single-family detached homes | 70.7%±5.3 pts | 54.0% |
| Mobile homes | 0.0%±2.3 pts | 0.3% |
| Built 2020 or later | 0.0%±2.3 pts | 1.7% |
| Built 2010 to 2019 | 9.4%±5.1 pts | 10.7% |
| Built 1939 or earlier | 1.2%±1.3 pts | 7.8% |
| Households with no vehicle | 7.8%±4.5 pts | 6.5% |
Source: American Community Survey 2020-2024 5-year estimates, U.S. Census Bureau (released January 2026) (Data Profile DP04) · Check it at data.census.gov
How do people in Census Tract 240.06 get to work?
62.7% of Census Tract 240.06's workers drive alone and 30.6% work from home. The average trip to work takes 20.6 minutes. The unemployment rate in 2020-2024 averaged 8.3%.
| Measure | Tract 240.06 | Edina |
|---|---|---|
| In the labor force (age 16+) | 66.3%±4.5 pts | 64.2% |
| Unemployment rate | 8.3%±3.6 pts | 3.9% |
| Drove alone to work | 62.7%±6.5 pts | 64.3% |
| Carpooled | 4.7%±3.0 pts | 3.1% |
| Public transportation | 1.2%±1.3 pts | 0.3% |
| Walked | 0.0%±2.1 pts | 1.9% |
| Worked from home | 30.6%±7.0 pts | 29.2% |
| Mean travel time to work | 20.6 min±2.3 | 20.4 min |
Source: American Community Survey 2020-2024 5-year estimates, U.S. Census Bureau (released January 2026) (Data Profile DP03) · Check it at data.census.gov
How does Census Tract 240.06 compare with the other tracts in Hennepin County?
Among Hennepin County's tracts with a reliable estimate, Census Tract 240.06 ranks as shown below (1 = highest).
| Measure | In Hennepin County | In Edina |
|---|---|---|
| Population | 295th of 328 | 12th of 14 |
| Residents per square mile | 216th of 329 | 10th of 14 |
| Median household income | 43rd of 324 | 8th of 14 |
| Per capita income | 55th of 326 | 10th of 14 |
| Median home value | 28th of 322 | 6th of 14 |
| Median gross rent | 4th of 295 | 2nd of 12 |
| Poverty rate | 193rd of 198 | 6th of 8 |
| Bachelor's degree or higher | 15th of 326 | 6th of 14 |
| Median age | 21st of 328 | 5th of 14 |
| Owner-occupied share | 96th of 322 | 8th of 14 |
The tracts next to it on Hennepin County's income ladder
| Tract | Rank | Median household income |
|---|---|---|
| Tract 266.10 | 40th | $156,705±$18,648 · within the margin of this tract |
| Tract 106 | 41st | $156,218±$29,174 · within the margin of this tract |
| Tract 262.05 | 42nd | $155,417±$31,699 · within the margin of this tract |
| Tract 240.06 | 43rd | $154,688±$27,850 |
| Tract 217 | 44th | $154,063±$25,861 · within the margin of this tract |
| Tract 262.01 | 45th | $152,917±$20,554 · within the margin of this tract |
| Tract 260.13 | 46th | $152,708±$40,443 · within the margin of this tract |
"Within the margin": the two incomes differ by less than their combined 90% margins, so the survey cannot say which is higher and the ranks between them are not firm.
Source: PlainCities ranks computed from the American Community Survey 2020-2024 5-year estimates, U.S. Census Bureau (released January 2026) · How ranks are computed
How reliable are the figures for Census Tract 240.06?
2 of the 18 figures for Census Tract 240.06 on this page carry a coefficient of variation over 40% and are marked with a ring: they come from a small sample, so read them as rough.
A census tract's figures rest on a few hundred sampled households over five years, so its margins are wider than a city's. Two tracts differ only when the gap between them is larger than their combined 90% margin (the square root of the sum of the two squared margins). How to read a margin of error.
Source: American Community Survey 2020-2024 5-year estimates, U.S. Census Bureau (released January 2026): margins of error as published · Check it at data.census.gov
How these figures are made: methodology and release checks · reading a margin of error · every state · corrections