| ZIP Code | 50162 |
|---|---|
| City | Melbourne |
| State | Iowa (IA) |
| County | Marshall County |
| Area Code | 641 |
| Elevation | 967 ft |
| Latitude | 41.928305 |
|---|---|
| Longitude | -93.062875 |
| Timezone | Chicago (DST) |
| FIPS | 19127 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 33.8 yrs |
|---|---|
| Avg Household Size | 2.15 |
| Below Poverty | 2.9% ▼ 71% below avg |
| College Grads | 45.2% ▲ 17% above avg |
| Unemployment | 2.5% ▼ 48% below avg |
| No HS Diploma | 2 (0.2%) |
| HS Graduate | 174 (21.7%) |
| Some College | 103 (12.8%) |
| Associates | 161 (20%) |
| Bachelors | 218 (27.1%) |
| Graduate Degree | 145 (18.1%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $67,201 ▼ 12% below avg ↑ 17% since 2019 |
|---|---|
| Median Home Value | $182,900 ▼ 34% below avg ↑ 50% since 2019 |
| Home/Income Ratio | 2.7x (nat avg ~3.5x) |
| Median Rent | $1,301/mo ↑ 60% since 2019 |
| Total Units | 559 |
| Vacant Units | 6 |
| Avg HH Size | 2.15 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 559 |
|---|---|
| Vacant | 6 |
| Owner Occupied | 65.1% |
| Renter Occupied | 34.9% |
| Avg HH Size | 2.15 |
ZIP code 50162 is located in Melbourne, Iowa, within Marshall County. With a population of 1,190, this is a sparsely populated ZIP code with a relatively young community — the median age is 33.8 years. Economically, 50162 is a solidly middle-class ZIP code: the median household income of $67,201 is near the national average.
Real estate in ZIP code 50162 represents an affordable housing market. The median home value of $182,900 is below the national average. Renters can expect to pay around $1,301 per month in median rent. Homeownership is strong here — 65.1% of occupied units are owner-occupied, suggesting an established, stable residential community. Median home values have increased by 50% since 2019.
The population of 50162 is primarily White (98.91%). Residents are well-educated — 45.2% hold a bachelor's degree or higher, which is above the national average. Poverty affects a relatively small share of residents at 2.9%. Household income has grown by 17% since 2019.
The unemployment rate in 50162 stands at 2.5%, which is below the national average. As in most parts of the country, driving alone is the dominant commute mode at 83%.
Overall, ZIP code 50162 in Melbourne, IA is characterized as solidly middle-class, well-educated, a relatively young community, and predominantly owner-occupied. With 1,190 residents, a median household income of $67,201, and a median home value of $182,900, it offers a clear picture of life in this part of Iowa.