| ZIP Code | 51551 |
|---|---|
| City | Malvern |
| State | Iowa (IA) |
| County | Mills County |
| Area Code | 712 |
| Elevation | 1,062 ft |
| Latitude | 40.99082 |
|---|---|
| Longitude | -95.587501 |
| Timezone | Chicago (DST) |
| FIPS | 19129 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 42.0 yrs ↓ 14% since 2019 |
|---|---|
| Avg Household Size | 2.77 |
| Below Poverty | 4.7% ▼ 53% below avg |
| College Grads | 49.1% ▲ 27% above avg |
| Unemployment | 4.2% ▼ 15% below avg |
| No HS Diploma | 9 (0.7%) |
| HS Graduate | 265 (21.7%) |
| Some College | 177 (14.5%) |
| Associates | 170 (13.9%) |
| Bachelors | 223 (18.3%) |
| Graduate Degree | 375 (30.8%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $82,218 ▲ 8% above avg ↑ 18% since 2019 |
|---|---|
| Median Home Value | $184,300 ▼ 34% below avg ↑ 18% since 2019 |
| Home/Income Ratio | 2.2x (nat avg ~3.5x) |
| Median Rent | $867/mo ↓ 6% since 2019 |
| Total Units | 757 |
| Vacant Units | 99 |
| Avg HH Size | 2.77 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 757 |
|---|---|
| Vacant | 99 |
| Owner Occupied | 87.1% |
| Renter Occupied | 12.9% |
| Avg HH Size | 2.77 |
ZIP code 51551 is located in Malvern, Iowa, within Mills County. With a population of 1,877, this is a sparsely populated ZIP code with a middle-aged community — the median age is 42 years. Economically, 51551 is a middle-income ZIP code: the median household income of $82,218 is near the national average.
Real estate in ZIP code 51551 represents an affordable housing market. The median home value of $184,300 is below the national average. Renters can expect to pay around $867 per month in median rent. Homeownership is strong here — 87.1% of occupied units are owner-occupied, suggesting an established, stable residential community. Median home values have increased by 18% since 2019.
The population of 51551 is primarily White (96.38%). Residents are well-educated — 49.1% hold a bachelor's degree or higher, which is above the national average. Poverty affects a relatively small share of residents at 4.7%. Household income has grown by 18% since 2019.
The unemployment rate in 51551 stands at 4.2%, which is near the national average. As in most parts of the country, driving alone is the dominant commute mode at 76%.
Overall, ZIP code 51551 in Malvern, IA is characterized as middle-income, well-educated, a middle-aged community, and predominantly owner-occupied. With 1,877 residents, a median household income of $82,218, and a median home value of $184,300, it offers a clear picture of life in this part of Iowa.