51551 Zip Code

May 5, 2024

Zip Code:	51551
City/Town:	Malvern
State:	Iowa

Population:	1,828
Per Capita Income:	$21,488
Mean Household Income:	$55,400

Total Housing Units:	702
Median Home Value:	$76,700
Median Year Homes Built:	1942

Land Area:	81.0 sq miles 209.8 sq kilometers
Water Area:	0.4 sq miles 1.0 sq kilometers

Population Information (51551 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Total Population:

1,828

Male:

899

49.2%

Female:

929

50.8%

Median Age:

41.1 yrs

37.2 yrs

Under 5 years:

134

7.3%

6.5%

5 to 9 years:

115

7.8%

6.6%

10 to 19 years:

263

14.4%

13.8%

20 to 29 years:

153

8.4%

13.8%

30 to 39 years:

223

12.2%

13.0%

40 to 49 years:

236

12.9%

14.2%

50 to 59 years:

296

16.2%

13.6%

60 to 69 years:

211

11.5%

9.4%

70 to 79 years:

115

6.3%

5.4%

80 years and over:

4.5%

3.7%

Housing Information (51551 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Median home value:

$76,700

$119,600

Median year homes build:

1942

1971

Median real estate taxes:

$874 / yr.

$1,334 / yr.

Median rent:

$352 / mo.

$519 / mo.

Total households:

702

Family households:

512

72.9%

66.4%

Nonfamily households:

190

27.1%

33.6%

Households with individuals under 18 years:

233

33.2%

33.4%

Households with individuals 65 years and over:

182

25.9%

24.9%

Average household size:

2.5

Average family size:

3.0

Total housing units:

791

Occupied housing units:

702

88.7%

88.6%

Vacant housing units:

11.3%

11.4%

For rent:

2.5%

3.1%

Rented, not occupied:

0.0%

0.2%

For sale only:

1.9%

1.4%

Sold, not occupied:

1.0%

0.3%

For seasonal, recreational, or occasional use:

1.1%

3.5%

All other vacants:

4.7%

2.8%

Homeowner vacancy rate:

2.6%

2.4%

Rental vacancy rate:

11.4%

9.2%

Owner-occupied housing units:

546

Population in owner-occupied housing units:

1,378

Average household size of owner-occupied units:

2.5

2.65

Renter-occupied housing units:

156

Population in renter-occupied housing units:

394

Average household size of renter-occupied units:

2.5

2.44

Educational Attainment (51551 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Population 25 years and over

1,236

Less than 9th grade:

5.9%

6.2%

9th to 12th grade, no diploma:

148

12.0%

8.7%

High school graduate (includes equivalency):

440

35.6%

29.0%

Some college, no degree:

296

23.9%

20.6%

Associate degree:

6.2%

7.5%

Bachelor's degree:

169

13.7%

17.6%

Graduate or professional degree:

2.7%

10.3%

Percent high school graduate or higher:

82.1%

85.0%

Percent bachelor's degree or higher:

16.3%

27.9%

Income Information (51551 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Mean household income:

$0 / yr.

$70,883

Per capita income:

$0 / yr.

$27,334

Males 15 years and over with income:

662

36.2%

50.4%

Median income:

$25,561 / yr.

$27,932 / yr.

Full-time, year-round workers:

393

21.5%

59.7%

Median income:

$30,529 / yr.

$38,349 / yr.

Females 15 years and over with income:

629

34.4%

49.6%

Median income:

$14,913 / yr.

$16,327 / yr.

Full-time, year-round workers:

248

13.6%

40.3%

Median income:

$25,350 / yr.

$28,135 / yr.

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