50861 ZIP Code Profile, Map, Data & Demographics

ZIP Code Type: STANDARD
County: Union County
Centroid: Latitude 40.94, Longitude -94.239
Time Zone: Central Time Zone (UTC -6 hours)
Observes DST: Yes

ZIP Code 50861 has segments in 2 Counties (Ringgold, Union).

Businesses Addresses: 2
PO Box Addresses: 19
Residential Addresses: 94

Multi-Family Addresses: 0
Single Family Addresses: 94

Foreclosures in IA 50861

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

Shannon City, IA 50861 Data & Demographics (As of July 1, 2022)

POPULATION
Total Population	244 (100%)
Population in Households	241 (98.8%)
Population in Families	202 (82.8%)
Population in Group Quarters¹	3 ( 1.2%)
Population Density	5
Diversity Index²	9


INCOME
Median Household Income	$76,688
Average Household Income	$102,018
% of Income for Mortgage⁴	12%
Per Capita Income	$41,646
Wealth Index⁵	114

HOUSING
Total HU (Housing Units)	133 (100%)
Owner Occupied HU	97 (72.9%)
Renter Occupied HU	12 ( 9.0%)
Vacant Housing Units	24 (18.0%)
Median Home Value	$177,941
Average Home Value	$239,394
Housing Affordability Index³	225

HOUSEHOLDS
Total Households	109
Average Household Size	2.21
Family Households	77
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.

Shannon City, IA 50861 - Peer Comparisons by Rank and Percentile

The table below compares 50861 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	-1.07%	-0.58%
Households	-0.80%	-0.56%
Families		-0.52%
Median Household Income		3.19%
Per Capita Income		3.42%
Owner Occupied HU		-0.42%

Variable Description	Rank	Percentile
Total Population	# 828	14th
Population Density	# 949	1st
Median Household Income	# 216	78th
Housing Affordability Index	# 684	71st
Per Capita Income	# 148	85th
Diversity Index	# 840	12th

50861 ZIP Code Profile, Map, Data & Demographics

ZIP Code 50861: Basic Data & USPS Preferred City Name

Shannon City, IA 50861 Data & Demographics (As of July 1, 2022)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Shannon City, IA 50861 - Peer Comparisons by Rank and Percentile

Popular Places Near ZIP Code 50861

Use HTL Address Research for a Iowa Address and get...

Quick & Easy Ways to...

Iowa Census Data Comparison Tool

More Tools and Resources:

Union County