Red Pederson Utilities Inc

Excavation contractor in Hopkins, MN 55343

About this company

Red Pederson Utilities Inc is listed as an excavation contractor based in Hopkins, Minnesota, in Hennepin County. Federal motor carrier records list 6 drivers and 5 trucks for the company. It is one of 3 excavation and demolition companies in ZIP 55343.

Other excavation and demolition companies nearby

Bollig & Sons11401 Excelsior Blvd, Hopkins

(952) 938-4133

National Demolition & Excavation910 1st St S, Hopkins

(612) 226-0000

Fleet size

Drivers6

Trucks5

Last federal filing: Feb 2003. Source: FMCSA.

Strong market, crowded fieldArea profitability for excavation and demolition in ZIP 55343

Housing demand75

Sales pace, new listings and new construction. Source: Zillow

Customer spending power71

Household income and home values

Room for another company23

More crowded than 77% of US ZIPs

Scored against every US ZIP. An index of local conditions, not this company's results.

County context

One of 27 excavation and demolition companies in Hennepin County, MN.

1,118 general contractors in Hennepin County, MN.

All 2,320 construction companies in Hennepin County, MN.

ZIP 55343 at a glance

Population: 27,102 (1,360 per sq mi)
Median age: 38
Households: Median income $83,143 · 38% earn six figures
Housing: 46% owner-occupied
Workforce: 72% labor-force participation · 5.4% unemployment

ZIP figures are US Census estimates for the ZIP area, not the company.

Housing market around ZIP 55343

Figures describe the local area, not this company.

Typical home value$342,000+2.3% past year · +63% in 10 years

Typical rent$1,647+4.3% past year

12-month value outlook+1.3%

New homes permitted, 20253,491Hennepin County

Days to sale agreement26Minneapolis metro · 24 a year ago

Listings with a price cut29.5%Minneapolis metro

Sale price vs list100.3%Minneapolis metro

New construction sales489Minneapolis metro, Aug · −13% from last year

Source: Zillow (home values, rent, outlook and metro sales), data through Sep 2026. Permits: U.S. Census Bureau.

Typical home value, last 10 years

Source: Zillow Home Value Index, Sep 2026.

Local building angle: Hennepin County permitted 3,491 new homes in 2025, including 1,804 apartment units. 14% of the homes in this ZIP were built since 2000.

Local figures are estimates from public records and Zillow housing data, updated regularly.