| ZIP Code | 50156 |
|---|---|
| City | Madrid |
| State | Iowa (IA) |
| County | Boone County |
| Area Code | 515 |
| Elevation | 1,028 ft |
| Latitude | 41.89831 |
|---|---|
| Longitude | -93.801235 |
| Timezone | Chicago (DST) |
| FIPS | 19015 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 41.2 yrs ↓ 9% since 2019 |
|---|---|
| Avg Household Size | 2.42 |
| Below Poverty | 5.1% ▼ 49% below avg |
| College Grads | 48.4% ▲ 25% above avg |
| Unemployment | 0.5% ▼ 89% below avg |
| No HS Diploma | 3 (0.1%) |
| HS Graduate | 802 (26.9%) |
| Some College | 362 (12.1%) |
| Associates | 371 (12.4%) |
| Bachelors | 504 (16.9%) |
| Graduate Degree | 939 (31.5%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $97,298 ▲ 28% above avg ↑ 34% since 2019 |
|---|---|
| Median Home Value | $219,500 ▼ 21% below avg ↑ 37% since 2019 |
| Home/Income Ratio | 2.3x (nat avg ~3.5x) |
| Median Rent | $865/mo ↑ 22% since 2019 |
| Total Units | 1,896 |
| Vacant Units | 111 |
| Avg HH Size | 2.42 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 1,896 |
|---|---|
| Vacant | 111 |
| Owner Occupied | 86.3% |
| Renter Occupied | 13.7% |
| Avg HH Size | 2.42 |
ZIP code 50156 is located in Madrid, Iowa, within Boone County. With a population of 4,407, this is a lightly populated ZIP code with a middle-aged community — the median age is 41.2 years. Economically, 50156 is a middle-income ZIP code: the median household income of $97,298 is above the national average.
Real estate in ZIP code 50156 represents an affordable housing market. The median home value of $219,500 is below the national average. Renters can expect to pay around $865 per month in median rent. Homeownership is strong here — 86.3% of occupied units are owner-occupied, suggesting an established, stable residential community. Median home values have increased by 37% since 2019.
The population of 50156 is primarily White (95.03%). Residents are well-educated — 48.4% hold a bachelor's degree or higher, which is above the national average. Poverty affects a relatively small share of residents at 5.1%. Household income has grown by 34% since 2019.
The unemployment rate in 50156 stands at 0.5%, which is well below the national average. About 11% of workers are remote. As in most parts of the country, driving alone is the dominant commute mode at 79%.
Overall, ZIP code 50156 in Madrid, IA is characterized as middle-income, well-educated, a middle-aged community, and predominantly owner-occupied. With 4,407 residents, a median household income of $97,298, and a median home value of $219,500, it offers a clear picture of life in this part of Iowa.