50238 ZIP Code Demographics & Rankings

ZIP Code Type: STANDARD
County: Lucas County
Centroid: Latitude 40.984, Longitude -93.199
Time Zone: Central Time Zone (UTC -6 hours)
Observes DST: Yes

ZIP Code 50238 has segments in 2 Counties (Lucas, Wayne).

Businesses Addresses: 14
PO Box Addresses: 51
Residential Addresses: 415

Multi-Family Addresses: 0
Single Family Addresses: 415

The ZIP Code maps and database are updated 4 times per year.
Database updated: July 1, 2020, Maps updated: May 1, 2020.

Russell, IA 50238 Data & Demographics (As of July 1, 2020)

POPULATION
Total Population	1,150 (100%)
Population in Households	1,150 (100.0%)
Population in Families	953 (82.9%)
Population in Group Quarters¹	0
Population Density	10
Diversity Index²	15


INCOME
Median Household Income	$55,141
Average Household Income	$76,597
% of Income for Mortgage⁴	7%
Per Capita Income	$30,706
Wealth Index⁵	95

HOUSING
Total HU (Housing Units)	589 (100%)
Owner Occupied HU	400 (67.9%)
Renter Occupied HU	61 (10.4%)
Vacant Housing Units	128 (21.7%)
Median Home Value	$91,597
Average Home Value	$131,938
Housing Affordability Index³	350

HOUSEHOLDS
Total Households	461
Average Household Size	2.49
Family Households	322
Average Family Size	3

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

Russell, IA 50238 - Peer Comparisons by Rank and Percentile

The table below compares 50238 to the other 957 ZIP Codes in Iowa by rank and percentile using July 1, 2020 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

GROWTH RATE / YEAR	2010-2020	2020-2025
Population	-0.44%	-0.49%
Households	-0.49%	-0.53%
Families	-0.67%	-0.63%
Median Household Income		1.44%
Per Capita Income		1.93%
Owner Occupied HU		-0.45%

Variable Description	Rank	Percentile
Total Population	# 429	55th
Population Density	# 833	13th
Median Household Income	# 650	32nd
Housing Affordability Index	# 834	87th
Per Capita Income	# 521	46th
Diversity Index	# 301	68th

Russell, IA 50238 ZIP Code Profile

ZIP Code 50238: Basic Data & USPS Preferred City Name

Russell, IA 50238 Data & Demographics (As of July 1, 2020)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Russell, IA 50238 - Peer Comparisons by Rank and Percentile

Popular Places Near ZIP Code 50238

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