50859 ZIP Code Profile, Map, Data & Demographics

ZIP Code Type: STANDARD
County: Adams County
Centroid: Latitude 41.027, Longitude -94.526
Time Zone: Central Time Zone (UTC -6 hours)
Observes DST: Yes

ZIP Code 50859 has segments in 2 Counties (Adair, Adams).

Businesses Addresses: 7
PO Box Addresses: 55
Residential Addresses: 188

Multi-Family Addresses: 0
Single Family Addresses: 188

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

Prescott, IA 50859 Data & Demographics (As of July 1, 2022)

POPULATION
Total Population	485 (100%)
Population in Households	484 (99.8%)
Population in Families	403 (83.1%)
Population in Group Quarters¹	1 ( 0.2%)
Population Density	6
Diversity Index²	10


INCOME
Median Household Income	$51,934
Average Household Income	$73,469
% of Income for Mortgage⁴	16%
Per Capita Income	$31,498
Wealth Index⁵	65

HOUSING
Total HU (Housing Units)	265 (100%)
Owner Occupied HU	176 (66.4%)
Renter Occupied HU	37 (14.0%)
Vacant Housing Units	53 (20.0%)
Median Home Value	$159,848
Average Home Value	$219,000
Housing Affordability Index³	166

HOUSEHOLDS
Total Households	212
Average Household Size	2.28
Family Households	148
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.

Prescott, IA 50859 - Peer Comparisons by Rank and Percentile

The table below compares 50859 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	-0.90%	-0.54%
Households	-0.83%	-0.48%
Families		-0.55%
Median Household Income		1.38%
Per Capita Income		2.80%
Owner Occupied HU		-0.34%

Variable Description	Rank	Percentile
Total Population	# 671	30th
Population Density	# 927	4th
Median Household Income	# 882	8th
Housing Affordability Index	# 294	31st
Per Capita Income	# 748	22nd
Diversity Index	# 791	17th

50859 ZIP Code Profile, Map, Data & Demographics

ZIP Code 50859: Basic Data & USPS Preferred City Name

Prescott, IA 50859 Data & Demographics (As of July 1, 2022)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Prescott, IA 50859 - Peer Comparisons by Rank and Percentile

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