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ZipNumbers

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

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