| ZIP Code | 50262 |
|---|---|
| City | Van Wert |
| State | Iowa (IA) |
| County | Decatur County |
| Area Code | 641 |
| Elevation | 1,047 ft |
| Latitude | 40.862401 |
|---|---|
| Longitude | -93.819055 |
| Timezone | Chicago (DST) |
| FIPS | 19053 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 49.0 yrs ↓ 2% since 2019 |
|---|---|
| Avg Household Size | 1.86 |
| Below Poverty | 21.8% ▲ 118% above avg |
| College Grads | 23.0% ▼ 41% below avg |
| Unemployment | 1.8% ▼ 63% below avg |
| No HS Diploma | 1 (0.6%) |
| HS Graduate | 92 (51.7%) |
| Some College | 32 (18%) |
| Associates | 12 (6.7%) |
| Bachelors | 25 (14%) |
| Graduate Degree | 16 (9%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $41,806 ▼ 45% below avg ↓ 42% since 2019 |
|---|---|
| Median Home Value | $77,400 ▼ 72% below avg ↑ 9% since 2019 |
| Home/Income Ratio | 1.9x (nat avg ~3.5x) |
| Median Rent | $688/mo ↓ 37% since 2019 |
| Total Units | 137 |
| Vacant Units | 16 |
| Avg HH Size | 1.86 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 137 |
|---|---|
| Vacant | 16 |
| Owner Occupied | 92.6% |
| Renter Occupied | 7.4% |
| Avg HH Size | 1.86 |
ZIP code 50262 is located in Van Wert, Iowa, within Decatur County. With a population of 225, this is a sparsely populated ZIP code with a mature community — the median age is 49 years. Economically, 50262 is a working-class ZIP code: the median household income of $41,806 is below the national average.
Real estate in ZIP code 50262 represents one of the more affordable housing markets in the country. The median home value of $77,400 is well below the national average. Renters can expect to pay around $688 per month in median rent. Homeownership is strong here — 92.6% of occupied units are owner-occupied, suggesting an established, stable residential community. Median home values have increased by 9% since 2019.
The population of 50262 is primarily White (99.11%). Residents are less-educated — 23.0% hold a bachelor's degree or higher, which is below the national average. Poverty affects a significant share of residents at 21.8%. Household income has declined by 42% since 2019.
The unemployment rate in 50262 stands at 1.8%, which is well below the national average. As in most parts of the country, driving alone is the dominant commute mode at 93%.
Overall, ZIP code 50262 in Van Wert, IA is characterized as working-class, less-educated, a mature community, and predominantly owner-occupied. With 225 residents, a median household income of $41,806, and a median home value of $77,400, it offers a clear picture of life in this part of Iowa.