Iowa · Census place 51060
Melvin city, IA
Quick answer
Melvin city has 311 residents, ranking #593 of 1026 places in Iowa. Median household income is $65,795, the median home is worth $51,500 and median gross rent runs $600 a month.
- Population
- 311Melvin city residents
- Median household income
- $65,795Past 12 months, inflation adjusted
- Median home value
- $51,500Owner-occupied units
- Median gross rent
- $600Rent plus utilities, monthly
- Median age
- 31.8 yrsAll residents
- Homeownership rate
- 79.4%Owner-occupied households
What the numbers mean in Melvin city
Housing cost measured against local earnings.
A household earning the Melvin city median would spend about 10.9% 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 0.8× the median household income; nationally that ratio sits near 4.5×. Poverty affects 36.6% of residents and 79.4% of households own their home.
Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year
Compare with nearby places
Places of similar size in Iowa.
- Deep River city 315
- Lu Verne city 315
- Templeton city 314
- Deloit city 309
- Goose Lake city 309
- Floyd city 308
- Lester city 308
Keep going
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