ZIP Code 50240

ZIP Code Tabulation Area in Madison County, Iowa.

Population: 2,299
Median household income: $110,027
Median home value: $297,200

ZIP Code 50240 (Madison County, Iowa) is home to about 2,299 residents. At $110,027, its median household income sits above Madison County's $89,542.

From 2019 to 2023, ZIP Code 50240's population declined 20.0% from 2,874 to 2,299, while its median gross rent rose 6.9% from $878 to $939.

The largest age group is 55 to 64, 18.3% of residents. White (non-Hispanic) residents are the largest group, 91.4% of the population.

Demographics

ACS 2019–2023

Population: 2,299
Median age: 46.1 yrs
Median household income: $110,027
Median home value: $297,200
Median gross rent: $939
Housing units: 936
Homeownership rate: 87.4%
Bachelor's degree or higher: 28.8%
Unemployment rate: 2.9%

Trends

ACS 5-year · 2019–2023

Population

2,8742,299

Median household income

$79,500$110,027

Median home value

$204,400$297,200

Median gross rent

$878$939

Year	Population	Median household income	Median home value	Median gross rent
2019	2,874	$79,500	$204,400	$878
2020	2,967	$85,547	$240,000	$841
2021	2,310	$92,159	$227,700	$728
2022	2,335	$98,750	$253,500	$920
2023	2,299	$110,027	$297,200	$939

Each year is a US Census Bureau ACS 5-year estimate ending that year.

Age distribution

Under 55.4%

5 to 1714.9%

18 to 247.4%

25 to 3413.7%

35 to 447.2%

45 to 5415.5%

55 to 6418.3%

65 to 7411.9%

75 and over5.7%

	Count	Share
Under 5	123	5.4%
5 to 17	342	14.9%
18 to 24	171	7.4%
25 to 34	316	13.7%
35 to 44	165	7.2%
45 to 54	357	15.5%
55 to 64	420	18.3%
65 to 74	273	11.9%
75 and over	132	5.7%

Race & ethnicity

	Count	Share
White (non-Hispanic)	2,102	91.4%
Black or African American	0	0.0%
American Indian & Alaska Native	0	0.0%
Asian	0	0.0%
Native Hawaiian & Pacific Islander	0	0.0%
Some other race	13	0.6%
Two or more races	73	3.2%
Hispanic or Latino (any race)	111	4.8%

Educational attainment (age 25+)

No high school diploma2.9%

High school graduate33.7%

Some college or associate's34.6%

Bachelor's degree20.3%

Graduate or professional degree8.5%

	Count	Share
No high school diploma	49	2.9%
High school graduate	560	33.7%
Some college or associate's	575	34.6%
Bachelor's degree	337	20.3%
Graduate or professional degree	142	8.5%

Commute to work

Mean travel time to work: 32 min

Drove alone75.5%

Carpooled4.6%

Public transit0.7%

Walked0.3%

Bicycle0.0%

Worked from home18.0%

Other means0.8%

How workers get to work

	Count	Share
Drove alone	923	75.5%
Carpooled	56	4.6%
Public transit	9	0.7%
Walked	4	0.3%
Bicycle	0	0.0%
Worked from home	220	18.0%
Other means	10	0.8%

Travel time

	Count	Share
Under 15 min	76	7.6%
15 to 29 min	357	35.6%
30 to 44 min	348	34.7%
45 to 59 min	184	18.4%
60+ min	37	3.7%

Households

Average household size: 2.64
Poverty rate: 3.7% (84 of 2,262)

	Count	Share
Family households	671	77.0%
Nonfamily households	200	23.0%

Housing

Median year structure built: 1987

Occupancy

	Count	Share
Occupied	871	93.1%
Vacant	65	6.9%

Tenure (of occupied units)

	Count	Share
Owner-occupied	761	87.4%
Renter-occupied	110	12.6%

1-unit, detached93.5%

1-unit, attached2.5%

2 to 4 units2.2%

5 to 19 units0.7%

20 or more units0.0%

Mobile home & other1.1%

Units in structure

	Count	Share
1-unit, detached	875	93.5%
1-unit, attached	23	2.5%
2 to 4 units	21	2.2%
5 to 19 units	7	0.7%
20 or more units	0	0.0%
Mobile home & other	10	1.1%

ZIP Code 50240

Demographics

Trends

Age distribution

Race & ethnicity

Educational attainment (age 25+)

Commute to work

Households

Housing

Geography

Counties this ZIP covers

Compare with nearby ZIP codes

National ZIP rankings

Nearby ZIP codes