50242 ZIP Code Profile, Map, Data & Demographics

ZIP Code Type: STANDARD
County: Poweshiek County
Centroid: Latitude 41.555, Longitude -92.698
Time Zone: Central Time Zone (UTC -6 hours)
Observes DST: Yes

ZIP Code 50242 has segments in 2 Counties (Jasper, Poweshiek).

Businesses Addresses: 4
PO Box Addresses: 0
Residential Addresses: 173

Multi-Family Addresses: 0
Single Family Addresses: 173

Foreclosures in IA 50242

The ZIP Code maps and database are updated 4 times per year.
Database updated: January 1, 2023, Maps updated: August 12, 2022.

Searsboro, IA 50242 Data & Demographics (As of July 1, 2022)

POPULATION
Total Population	423 (100%)
Population in Households	423 (100.0%)
Population in Families	366 (86.5%)
Population in Group Quarters¹	0
Population Density	9
Diversity Index²	10


INCOME
Median Household Income	$80,392
Average Household Income	$107,456
% of Income for Mortgage⁴	18%
Per Capita Income	$44,483
Wealth Index⁵	110

HOUSING
Total HU (Housing Units)	204 (100%)
Owner Occupied HU	134 (65.7%)
Renter Occupied HU	34 (16.7%)
Vacant Housing Units	36 (17.6%)
Median Home Value	$270,455
Average Home Value	$346,852
Housing Affordability Index³	153

HOUSEHOLDS
Total Households	168
Average Household Size	2.52
Family Households	127
Average Family Size	3.00

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.

Searsboro, IA 50242 - Peer Comparisons by Rank and Percentile

The table below compares 50242 to the other 960 ZIP Codes in Iowa by rank and percentile using July 1, 2022 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	2020-2022	2022-2027
Population	-3.28%	-0.33%
Households	-0.52%	-0.24%
Families		-0.16%
Median Household Income		1.63%
Per Capita Income		2.60%
Owner Occupied HU		-0.15%

Variable Description	Rank	Percentile
Total Population	# 718	25th
Population Density	# 824	14th
Median Household Income	# 136	86th
Housing Affordability Index	# 225	23rd
Per Capita Income	# 82	92nd
Diversity Index	# 750	23rd

50242 ZIP Code Profile, Map, Data & Demographics

ZIP Code 50242: Basic Data & USPS Preferred City Name

Searsboro, IA 50242 Data & Demographics (As of July 1, 2022)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Searsboro, IA 50242 - Peer Comparisons by Rank and Percentile

Popular Places Near ZIP Code 50242

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Poweshiek County