50420 ZIP Code Profile, Map, Data & Demographics

ZIP Code Type: STANDARD
County: Franklin County
Centroid: Latitude 42.82, Longitude -93.44
Time Zone: Central Time Zone (UTC -6 hours)
Observes DST: Yes

ZIP Code 50420 has segments in 2 Counties (Franklin, Wright).

Businesses Addresses: 7
PO Box Addresses: 35
Residential Addresses: 122

Multi-Family Addresses: 0
Single Family Addresses: 122

The ZIP Code maps and database are updated 4 times per year.
Database updated: April 1, 2023, Maps updated: February 3, 2023.

Alexander, IA 50420 Data & Demographics (As of July 1, 2022)

POPULATION
Total Population	372 (100%)
Population in Households	372 (100.0%)
Population in Families	301 (80.9%)
Population in Group Quarters¹	0
Population Density	7
Diversity Index²	32


INCOME
Median Household Income	$66,070
Average Household Income	$92,764
% of Income for Mortgage⁴	9%
Per Capita Income	$38,853
Wealth Index⁵	97

HOUSING
Total HU (Housing Units)	190 (100%)
Owner Occupied HU	117 (61.6%)
Renter Occupied HU	35 (18.4%)
Vacant Housing Units	38 (20.0%)
Median Home Value	$110,938
Average Home Value	$118,750
Housing Affordability Index³	303

HOUSEHOLDS
Total Households	152
Average Household Size	2.45
Family Households	104
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.

Alexander, IA 50420 - Peer Comparisons by Rank and Percentile

The table below compares 50420 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	-1.85%	-0.71%
Households	-1.15%	-0.53%
Families		-0.58%
Median Household Income		2.57%
Per Capita Income		2.63%
Owner Occupied HU		-0.34%

Variable Description	Rank	Percentile
Total Population	# 751	22nd
Population Density	# 907	5th
Median Household Income	# 440	54th
Housing Affordability Index	# 908	95th
Per Capita Income	# 260	73rd
Diversity Index	# 123	87th

50420 ZIP Code Profile, Map, Data & Demographics

ZIP Code 50420: Basic Data & USPS Preferred City Name

Alexander, IA 50420 Data & Demographics (As of July 1, 2022)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Alexander, IA 50420 - Peer Comparisons by Rank and Percentile

Popular Places Near ZIP Code 50420

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