Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 36.3 yrs |
|---|---|
| Avg HH Size | 2.62 |
| Below Poverty | 27.1% ▲ 171% above avg |
| College Grads | 15.8% ▼ 59% below avg |
| Unemployment | 3.7% ▼ 24% below avg |
| No HS Diploma | 19 (9.1%) |
| HS Graduate | 111 (53.1%) |
| Some College | 31 (14.8%) |
| Associates | 15 (7.2%) |
| Bachelors | 10 (4.8%) |
| Graduate Degree | 23 (11%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $72,708 ≈ Avg |
|---|---|
| Median Home Value | $81,000 ▼ 71% below avg |
| Home/Income Ratio | 1.1x (nat avg ~3.5x) |
| Median Rent | $463/mo |
| Total Housing Units | 205 |
| Vacant Units | 46 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Melvin is a city in Iowa, located in Osceola County. The city spans 1 ZIP code and is home to approximately 417 residents. It is a relatively young city, with a median age of 36.3 years.
Economically, Melvin is a solidly middle-class community. The median household income of $72,708 is near the national average. Approximately 27.1% of residents live below the poverty line. The unemployment rate is 3.7%, below the national average.
The real estate market in Melvin is one of the more affordable housing markets in the country. Median home values stand at $81,000, which is well below the national average. Renters typically pay around $463 per month. Homeownership is high at 77.4%, typical of suburban and family-oriented communities.
The population of Melvin is less-educated. 15.8% of adults hold a bachelor's degree or higher — well below the national average. The community is primarily White (72.18%).
Melvin, IA offers residents a cost-conscious lifestyle within Iowa.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 51350 | 417 | $72,708 | $81,000 | $463 | 3.7% | 15.8% | 77.4% |