Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 33.8 yrs |
|---|---|
| Avg HH 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 |
|---|---|
| Median Home Value | $182,900 ▼ 34% below avg |
| Home/Income Ratio | 2.7x (nat avg ~3.5x) |
| Median Rent | $1,301/mo |
| Total Housing Units | 559 |
| Vacant Units | 6 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Melbourne is a city in Iowa, located in Marshall County. The city spans 1 ZIP code and is home to approximately 1,190 residents. It is a relatively young city, with a median age of 33.8 years.
Economically, Melbourne is a solidly middle-class community. The median household income of $67,201 is near the national average. Approximately 2.9% of residents live below the poverty line. The unemployment rate is 2.5%, below the national average.
The real estate market in Melbourne is an affordable housing market. Median home values stand at $182,900, which is below the national average. Renters typically pay around $1,301 per month. Homeownership is high at 65.1%, typical of suburban and family-oriented communities.
The population of Melbourne is well-educated. 45.2% of adults hold a bachelor's degree or higher — above the national average. The community is primarily White (98.91%).
Melbourne, IA offers residents a cost-conscious lifestyle within Iowa.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 50162 | 1,190 | $67,201 | $182,900 | $1,301 | 2.5% | 45.2% | 65.1% |