PlainZIP

Oelwein, IA · standard

ZIP Code 50662

Fayette County, Iowa - Census ACS demographics, housing tenure, and business patterns, benchmarked against every US ZIP.

7,238
41/sq mi
$48,646
Median income
$107,700
Median home value
17.4%
Bachelor's or higher

The verdict

Oelwein pairs one of the lowest household incomes in the country with among the most affordable home values nationally, in a rural, homeowner-dominated area.

13th pct
household income, US ZIPs
12th pct
home value, US ZIPs
41
people per sq mi
78%
owner-occupied homes

Source: U.S. Census Bureau ACS 5-Year Estimates (2019–2023). Percentiles rank ZIP 50662 against every reporting US ZIP.

ZIP code 50662 is a mid-sized community (a standard USPS delivery area) in Oelwein, Fayette County, Iowa, home to 7,238 residents across 175.7 square miles, a density of 41 people per square mile, in the Chicago time zone.

ZIP 50662 reports a modest median household income of $48,646 (36% below the Iowa average), while per-capita income is $31,970. Poverty here runs at 17.1%, with unemployment measured at 6.5%. Housing costs here run $107,700 for a typical home value (39% below the state average), with rent averaging $857 a month; 77.7% of homes are owner-occupied.

Educational attainment sits below the national norm: 17.4% of adults hold a bachelor's degree or higher, the median age is 43.3, and the average commute is 23 minutes. A geography-based comparison follows: 7 ZIP codes within about 10 miles of 50662, plus 6 more within Fayette County, give a clearer read than the national average alone.

Every figure on this page is sourced from the U.S. Census Bureau American Community Survey 5-Year Estimates (including median rent) and the FHFA House Price Index, no estimates, no proprietary scoring. Verify with Census →

Top industries in ZIP 50662

Top 5 sectors by establishment count in Oelwein, IA

Which industries have the most business establishments in ZIP 50662.

establishments

What this shows Establishment counts come from the Census ZIP Code Business Patterns program, which counts physical business locations rather than employees or revenue.

Source U.S. Census Bureau · ZIP Code Business Patterns (ZBP) As of 2023

Source: U.S. Census Bureau, American Community Survey 5-Year Estimates + ZIP Code Business Patterns + FHFA HPI ACS demographics and median rent, ZBP business establishments, FHFA HPI for ZIP 50662, Oelwein, IA · 2023 Census ACS 5-Year Estimates use a rolling 60-month sample for stable small-geography estimates; ZBP updated annually; FHFA HPI updated quarterly/annually.

Quick Facts

7,238

Population

175.7

Area (sq mi)

41

People / sq mi

Chicago

Time Zone

standard

ZIP Type

Neighborhood Scorecard
Get an A-F grade across income, safety, housing, rent, education, commute, and childcare for this ZIP code.
View Scorecard →

Who lives in ZIP 50662?

43.3

Median Age

47.9%

Male

52.1%

Female

0.5%

Foreign-Born

White 93.6%
African American 0.1%
Asian 0.8%
American Indian or Alaska Native 0.6%
Native Hawaiian or Pacific Islander 0.0%
Two or More Ethnicities 4.9%
Hispanic or Latino 1.2%

Hispanic or Latino is an ethnicity category from the Census Bureau and may overlap with other categories above.

Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)

How much do residents earn?

$48,646

Median Household Income

-36% vs state

$31,970

Per Capita Income

17.1%

Poverty Rate

6.5%

Unemployment Rate

23.3 min

Mean Commute Time

How ZIP 50662 ranks nationally

Oelwein, IA household income vs. every US ZIP code

Median household income, the full national distribution, with this ZIP marked

$48,646 13th percentile higher than 13% of 30,318 US ZIPs

$0–$20,000: 118 US ZIPs (0%). Below this entry. $20,000–$40,000: 1,573 US ZIPs (5%). Below this entry. $40,000–$60,000: 7,092 US ZIPs (23%). This entry sits in this band. $60,000–$80,000: 9,980 US ZIPs (33%). Above this entry. $80,000–$100,000: 5,778 US ZIPs (19%). Above this entry. $100,000–$120,000: 2,855 US ZIPs (9%). Above this entry. $120,000–$140,000: 1,362 US ZIPs (4%). Above this entry. $140,000–$160,000: 686 US ZIPs (2%). Above this entry. $160,000–$180,000: 364 US ZIPs (1%). Above this entry. $180,000–$200,000: 186 US ZIPs (1%). Above this entry. $200,000–$220,000: 324 US ZIPs (1%). Above this entry. This ZIP $0 $200K+ every reporting US ZIP, bucketed by value

Each bar is a $20K-wide band; taller bars hold more US ZIPs. The dashed line + filled bar mark this entry. Hover or tap any bar for its full count, share, and where it sits relative to this entry.

Source U.S. Census Bureau, ACS 5-Year Estimates · 2019–2023

Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)

What is the education profile here?

High School Graduate or Higher 61.9%
Bachelor's Degree or Higher 17.4%

Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)

What does housing look like?

3,275

Total Housing Units

2,937

Occupied Units

338

Vacant Units

2.19

Avg Household Size

Occupancy Type

Owner 77.7%
Renter 22.3%

$107,700

Median Home Value

-39% vs state

$857

Median Rent

1952

Median Year Built

Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)

How have home values changed over time?

FHFA House Price Index, annual appreciation data based on repeat sales and appraisals

-0.4%

YoY Change (2024)

192

HPI Index (2000 = 100)

+92%

Total Change Since 2000

Home values in ZIP 50662 have decreased 0.4% over the past year (2024). Since 2000, this ZIP has seen +92% cumulative appreciation.

Year Annual Change HPI Index
2020 -6.0% 163
2021 +14.8% 188
2022 -3.9% 180
2023 +7.1% 193
2024 -0.4% 192

Source: Federal Housing Finance Agency (FHFA) House Price Index, All-Transactions, Five-Digit ZIP Codes (Developmental Index). Index base = 100 in year 2000. Data through 2024. ZIP codes with few transactions may show missing values.

What businesses operate in this ZIP?

Census Bureau data shows 167 business establishments in ZIP 50662, employing approximately 2,348 people with a combined annual payroll of $119,538,000.

167

Businesses

2,348

Employees

$119.5M

Annual Payroll

13

Industry Sectors

Industry Establishments % of Total
Retail trade 36 21.6%
Health care and social assistance 23 13.8%
Other services (except public administration) 19 11.4%
Finance and insurance 16 9.6%
Accommodation and food services 16 9.6%
Professional, scientific, and technical services 12 7.2%
Transportation and warehousing 8 4.8%
Manufacturing 7 4.2%
Real estate and rental and leasing 6 3.6%
Construction 5 3.0%
Wholesale trade 5 3.0%
Administrative and support and waste management and remediation services 5 3.0%
Information 3 1.8%

Source: U.S. Census Bureau, ZIP Code Business Patterns (ZBP), 2023. Employment figures may include noise for disclosure avoidance.

Nearby ZIP Codes

Want a side-by-side? Compare 50662 vs 50641 →

ZIP 50662 vs its nearest neighbors, by population

Resident population of this ZIP and the closest reporting ZIP codes within ~10 miles.

residents

What this shows Among its immediate neighbors, ZIP 50662 ranks the most populous - useful context the national average alone can't give.

Source U.S. Census Bureau · ACS 5-Year Estimates As of 2019–2023

ZIP 50662 vs its nearest neighbors, by median income

Median household income of this ZIP and the closest reporting ZIP codes within ~10 miles.

median income

What this shows By household income, ZIP 50662 ranks #8 of 8 neighboring ZIPs, local affluence varies block to block, not just metro to metro.

Source U.S. Census Bureau · ACS 5-Year Estimates As of 2019–2023
ZIP Code City Population Distance
50641 Hazleton, IA 2,017 6.3 mi
50655 Maynard, IA 873 6.0 mi
50664 Oran, IA 53 7.2 mi
50681 Westgate, IA 457 7.1 mi
50671 Stanley, IA 269 7.3 mi
50629 Fairbank, IA 2,418 8.1 mi
52142 Fayette, IA 1,871 12.0 mi

More ZIP Codes in Fayette County

52175 standard
West Union, IA
Pop: 3,492
52142 standard
Fayette, IA
Pop: 1,871
52141 standard
Elgin, IA
Pop: 1,435
52147 standard
Hawkeye, IA
Pop: 1,050
50606 standard
Arlington, IA
Pop: 885
50655 standard
Maynard, IA
Pop: 873

Related Areas

Fayette County Oelwein, IA Iowa

Frequently Asked Questions

What county is ZIP code 50662 in? ▼
ZIP code 50662 (Oelwein) is located in Fayette County, Iowa. Fayette County contains multiple ZIP codes, see the full list at /counties/fayette-ia.
What is the population of ZIP code 50662? ▼
ZIP code 50662 in Oelwein, IA has a population of 7,238 according to the Census Bureau ACS 2023 estimates.
What is the median household income in ZIP 50662? ▼
The median household income in ZIP 50662 is $48,646, which is 36% below the national average of $76,288.
What is the average home value in ZIP 50662? ▼
The median home value in ZIP 50662 is $107,700, which is 61% below the national average of $278,155.
What is the demographic makeup of ZIP 50662? ▼
The largest racial group in ZIP 50662 is White at 93.6%. Hispanic or Latino residents make up 1.2% of the population.
How many businesses are in ZIP code 50662? ▼
ZIP code 50662 has 167 business establishments employing approximately 2,348 people, according to Census Bureau ZIP Code Business Patterns (ZBP) 2023 data.
What are the main industries in ZIP code 50662? ▼
The top industries by establishment count in ZIP 50662 are: Retail trade (36), Health care and social assistance (23), Other services (except public administration) (19). There are 13 industry sectors represented in total.
How have home values changed in ZIP code 50662? ▼
According to the FHFA House Price Index, home values in ZIP 50662 decreased by 0.4% in 2024. Since 2000, home values in this ZIP have appreciated by approximately 92%. This is a developmental index based on repeat sales and appraisal data from Fannie Mae and Freddie Mac.
What is the education level in ZIP code 50662? ▼
In ZIP code 50662, 61.9% of residents aged 25+ have a high school diploma or higher, and 17.4% hold a bachelor's degree or higher. These figures come from the Census Bureau ACS 5-Year Estimates (2023).
What is the average commute time in ZIP 50662? ▼
The mean commute time for workers in ZIP code 50662 is 23.3 minutes according to Census ACS data. The national average is roughly 26 minutes, so commuters here spend less time traveling to work than typical.
What percentage of residents own vs. rent in ZIP 50662? ▼
In ZIP code 50662, approximately 77.7% of occupied housing units are owner-occupied and 22.3% are renter-occupied, based on Census ACS 2023 data.
What is the poverty rate in ZIP code 50662? ▼
The poverty rate in ZIP code 50662 is 17.1% according to Census Bureau ACS 2023 estimates. This measures the percentage of the population living below the federal poverty threshold.

Read our methodology to see how this data is sourced, computed, and verified.