Iowa · Census place 50880
Melbourne, IA population, income and ZIP codes
Quick answer
The population of the city of Melbourne, Iowa (Melbourne, IA — Census place “Melbourne city”) is 714 residents, ranking #388 of 1026 places in Iowa. Median household income is $82,857, the median home is worth $147,400 and median gross rent runs $722 a month. Looking for the Melbourne Iowa ZIP code list? 1 ZIP codes serve Melbourne, IA: 50162.
- Population
- 714Melbourne city residents
- Median household income
- $82,857Past 12 months, inflation adjusted
- Median home value
- $147,400Owner-occupied units
- Median gross rent
- $722Rent plus utilities, monthly
- Median age
- 39.3 yrsAll residents
- Homeownership rate
- 74.8%Owner-occupied households
Melbourne ZIP codes (Iowa)
Census ZCTAs whose delivery area overlaps Melbourne.
The Melbourne IA ZIP code list below covers 1 ZIP code. Open any one for its population, income, housing and rent profile.
What the numbers mean in Melbourne city
Housing cost measured against local earnings.
A household earning the Melbourne city median would spend about 10.5% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 1.8× the median household income; nationally that ratio sits near 4.5×. Poverty affects 4.8% of residents and 74.8% of households own their home.
Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year
Melbourne city, IA in context
How this area compares with national benchmarks.
Melbourne city is a very small community in Iowa, with 714 residents counted in the Census American Community Survey 2019-2023 ACS 5-year estimates, which places it #388 of 1,026 ranked by population — larger than 62% of them. The median age here is 39.3 years against 39.1 nationally, a slightly older profile than the country as a whole. At this population the ACS sample is small, so the margin of error around every dollar figure below is wide — treat the numbers as a band, not a point, and expect them to move between annual releases without the place itself changing.
Households in Melbourne city earn a median of $82,857 a year, 5.5% above the national figure of $78,538 and 22% above the $67,791 median for the 290 Iowa cities we cover. This figure covers the household, not the worker: two people on ordinary wages at one address outrank a single professional in the same table. Poverty reaches 4.8% of residents here, less than half the 12.4% national rate.
The typical owner-occupied home in Melbourne city is valued at $147,400, 51.4% below the national figure and 6% below the $156,300 peer median, while median gross rent runs $722 a month, 48.6% below the national figure, or roughly $8,664 across a full year. A household on the local median income would put about 10.5% of gross pay toward that rent against the federal 30% cost-burden threshold, so renting here is cheap relative to what people here earn. The home-price-to-income ratio works out to 1.8×, against roughly 3.9× nationally, so purchase prices are unusually low against local pay, the pattern in places where supply is plentiful and wage growth has been flat. 74.8% of occupied homes are owner-occupied versus 65% nationally, so the market leans toward owners. The rent line includes utilities paid by the tenant, a definition worth remembering when comparing it against a landlord's quoted rate.
With 714 residents, a handful of survey responses moves every median on this page. Compare Melbourne city against its county rather than against national figures.
No figure on this page is estimated by us; each one comes straight from the published ACS tables for this area. Small-area estimates still carry wider margins of error than state or national figures, so check the linked ACS tables before relying on them for lending, appraisal or legal work.
Compare with nearby places
Places of similar size in Iowa.
- Buffalo Center city 1,000
- Woodward city 1,002
- Villisca city 1,004
- Newhall city 1,012
- Janesville city 1,012
- Aplington city 1,012
- Keosauqua city 1,014
- Griswold city 1,020
Keep going
More Iowa coverage.
Frequently asked questions
Common questions about this area.
- What is the population of Melbourne city?
- Melbourne city has 714 residents on Census ACS 2019-2023 ACS 5-year estimates, ranking #388 of 1,026 in Iowa.
- What is the median household income in Melbourne city?
- Median household income in Melbourne city is $82,857 a year, 5.5% above the national figure of $78,538.
- How much does it cost to rent or buy in Melbourne city?
- Median gross rent is $722 a month and the median home value is $147,400, so rent absorbs about 10.5% of median household income.
- Is Melbourne city affordable compared with the rest of the US?
- Homes cost about 1.8× the local median income here versus roughly 3.9× nationally, so Melbourne city is more affordable to buy in than the typical US market, and rent takes 10.5% of median income against the 30% cost-burden line.
- How current is this Melbourne city data?
- All figures come from the US Census Bureau American Community Survey 2019-2023 ACS 5-year five-year estimates. At this population the ACS sample is small, so the margin of error around every dollar figure below is wide — treat the numbers as a band, not a point, and expect them to move between annual releases without the place itself changing.