Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 61.3 yrs |
|---|---|
| Avg HH Size | 2.10 |
| Below Poverty | 9.8% ≈ Avg |
| College Grads | 29.1% ▼ 25% below avg |
| Unemployment | 11.6% ▲ 137% above avg |
| HS Graduate | 180 (42.3%) |
| Some College | 36 (8.5%) |
| Associates | 86 (20.2%) |
| Bachelors | 89 (20.9%) |
| Graduate Degree | 35 (8.2%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $48,333 ▼ 37% below avg |
|---|---|
| Median Home Value | $71,300 ▼ 74% below avg |
| Home/Income Ratio | 1.5x (nat avg ~3.5x) |
| Total Housing Units | 518 |
| Vacant Units | 260 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Melrose is a city in Iowa, located in Monroe County. The city spans 1 ZIP code and is home to approximately 541 residents. It is an older city, with a median age of 61.3 years.
Economically, Melrose is a working-class community. The median household income of $48,333 is below the national average. Approximately 9.8% of residents live below the poverty line. The unemployment rate is 11.6%, more than double the national average.
The real estate market in Melrose is one of the more affordable housing markets in the country. Median home values stand at $71,300, which is well below the national average. Homeownership is high at 99.6%, typical of suburban and family-oriented communities.
The population of Melrose is moderately educated. 29.1% of adults hold a bachelor's degree or higher — below the national average. The community is primarily White (89.83%).
Melrose, IA offers residents a cost-conscious lifestyle within Iowa.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 52569 | 541 | $48,333 | $71,300 | — | 11.6% | 29.1% | 99.6% |