| ZIP Code | 50420 |
|---|---|
| City | Alexander |
| State | Iowa (IA) |
| County | Franklin County |
| Area Code | 641 |
| Elevation | 1,249 ft |
| Latitude | 42.806197 |
|---|---|
| Longitude | -93.45679 |
| Timezone | Chicago (DST) |
| FIPS | 19069 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 45.3 yrs ↑ 16% since 2019 |
|---|---|
| Avg Household Size | 2.42 |
| Below Poverty | 17.3% ▲ 73% above avg |
| College Grads | 38.1% ≈ Avg |
| Unemployment | 1.6% ▼ 67% below avg |
| No HS Diploma | 31 (13%) |
| HS Graduate | 58 (24.3%) |
| Some College | 35 (14.6%) |
| Associates | 24 (10%) |
| Bachelors | 21 (8.8%) |
| Graduate Degree | 70 (29.3%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $76,169 ≈ Avg ↑ 30% since 2019 |
|---|---|
| Median Home Value | $77,500 ▼ 72% below avg ↑ 55% since 2019 |
| Home/Income Ratio | 1.0x (nat avg ~3.5x) |
| Median Rent | $394/mo ↓ 10% since 2019 |
| Total Units | 188 |
| Vacant Units | 21 |
| Avg HH Size | 2.42 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 188 |
|---|---|
| Vacant | 21 |
| Owner Occupied | 68.9% |
| Renter Occupied | 31.1% |
| Avg HH Size | 2.42 |
ZIP code 50420 is located in Alexander, Iowa, within Franklin County. With a population of 404, this is a sparsely populated ZIP code with a mature community — the median age is 45.3 years. Economically, 50420 is a middle-income ZIP code: the median household income of $76,169 is near the national average.
Real estate in ZIP code 50420 represents one of the more affordable housing markets in the country. The median home value of $77,500 is well below the national average. Renters can expect to pay around $394 per month in median rent. Homeownership is strong here — 68.9% of occupied units are owner-occupied, suggesting an established, stable residential community. Median home values have increased by 55% since 2019.
The population of 50420 is primarily White (84.65%). Residents are moderately educated — 38.1% hold a bachelor's degree or higher, which is near the national average. Poverty affects some residents at 17.3%. Household income has grown by 30% since 2019.
The unemployment rate in 50420 stands at 1.6%, which is well below the national average. About 22% of workers are remote. As in most parts of the country, driving alone is the dominant commute mode at 67%.
Overall, ZIP code 50420 in Alexander, IA is characterized as middle-income, moderately educated, a mature community, and predominantly owner-occupied. With 404 residents, a median household income of $76,169, and a median home value of $77,500, it offers a clear picture of life in this part of Iowa.