50162 ZIP Code – Melbourne, Iowa

Located in Melbourne, Iowa, ZIP code 50162 is a small ZIP code within Marshall County with a population of approximately 1,302 residents. The median household income of $75,000 is near the Iowa average and near the national average. At $158,900, median home values run below the national average, with 68.9% owner-occupied housing (increasing). . Median rent is $1,364, which is above the U.S. average. Housing consists of 89% single-family (decreasing), 10% duplex/multi-family.

Unemployment stands at 2.5%, which is well below the U.S. rate. An estimated 2.9% of the population falls below the poverty line, well below the national figure. An estimated 17.9% of adults hold a bachelor's degree or higher, below the national average. Residents have a median age of 33.8, below the U.S. median. ZIP codes in the surrounding area include 50120, 50234, 50141.

ZIP Code 50162 Data

Population 1,302
Median Household Income $75,000
Median Home Value $158,900
Median Rent $1,364
Median Age 33.8
Unemployment Rate 2.5%
Poverty Rate 2.9%
Bachelor's Degree or Higher 17.9%
State Iowa

ZIP 50162 vs. Iowa vs. U.S.

MetricZIP 50162IA Avg.U.S. Avg.
Population1,3023,29710k
Median Household Income$75k$71k$73k
Median Home Value$158k$153k$258k
Median Rent$1,364$792$1,088
Median Age33.843.643.2
Unemployment Rate2.5%3.1%5.0%
Poverty Rate2.9%9.8%13.3%
Bachelor's Degree or Higher17.9%21.9%26.9%

Demographics Charts

Race & Ethnicity

Gender

Education Level (adults 25+)

Nearby ZIP Codes

Nearby ZIP Code Comparison

ZIP Code City Population Median Income
50120 HAVERHILL 537 $133,333
50234 RHODES 482 $80,000
50141 LAUREL 499 $71,932
50247 STATE CENTER 2,411 $86,250
50028 BAXTER 1,776 $73,235