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 Moderate-density area
- $48,646
- Median income Below-median income area
- $107,700
- Median home value Below-median home value
- 17.4%
- Bachelor's or higher Below-average bachelor's attainment
National ZIP placement
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 average Iowa ZIP), while per-capita income is $31,970. The poverty rate is 17.1%, with unemployment at 6.5%; those measures add context to the income figure. Home values sit below the statewide ZIP benchmark: the median is $107,700 (39% below the average Iowa ZIP), and median rent is $857; owner occupancy is 77.7%.
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. The page also surfaces 7 ZIP codes within roughly 10 miles and 6 more in Fayette County, so 50662 can be compared with both its immediate and county-level context.
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.
- Retail trade
Retail trade
36 establishments
- Health care and social assistance
Health care and social assistance
23 establishments
- Other services (except public administration)
Other services (except public administration)
19 establishments
- Finance and insurance
Finance and insurance
16 establishments
- Accommodation and food services
Accommodation and food services
16 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, 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
Who lives in ZIP 50662?
43.3
Median Age
47.9%
Male
52.1%
Female
0.5%
Foreign-Born
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 ZIP avg
$31,970
Per Capita Income
17.1%
Poverty Rate
6.5%
Unemployment Rate
23.3 min
Mean Commute Time
How ZIP 50662 ranks among Iowa ZIPs
Oelwein, IA household income vs. every Iowa ZIP code
Median household income among 911 reporting Iowa ZIPs (this ZIP's population is too small for a reliable national-corpus placement)
$48,646 4th percentile higher than 4% of 911 Iowa ZIPs
Each bar is a $20K-wide band; taller bars hold more Iowa 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?
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
What does housing look like?
Housing stock: occupied vs vacant
3,275housing units
3,275
Total Housing Units
2,937
Occupied Units
338
Vacant Units
2.19
Avg Household Size
Occupancy Type
$107,700
Median Home Value
-39% vs state ZIP avg
$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.
- 50662
Oelwein (50662)
7,238 residents
- 50629 2,418
Fairbank (50629)
2,418 residents
- 50641 2,017
Hazleton (50641)
2,017 residents
- 52142 1,871
Fayette (52142)
1,871 residents
- 50655 873
Maynard (50655)
873 residents
- 50681 457
Westgate (50681)
457 residents
- 50671 269
Stanley (50671)
269 residents
- 50664 53
Oran (50664)
53 residents
What this shows Among its immediate neighbors, ZIP 50662 ranks the most populous - useful context the national average alone can't give.
ZIP 50662 vs its nearest neighbors, by median income
Median household income of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 50629
Fairbank (50629)
$103,106 median income
- 50681
Westgate (50681)
$73,333 median income
- 50641
Hazleton (50641)
$67,115 median income
- 50655
Maynard (50655)
$58,750 median income
- 50671
Stanley (50671)
$57,212 median income
- 52142
Fayette (52142)
$56,875 median income
- 50664
Oran (50664)
$51,741 median income
- 50662
Oelwein (50662)
$48,646 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.
Nationwide ZIPs with similar ACS profiles
Two Census-derived peer sets for ZIP 50662, both outside IA so the neighborhoods are not geographic containment (Nearby and same-county blocks stay local).
Similar population
Nearest cross-state ZIPs by resident population (7,238 here; floor ≥1,000).
Similar median household income
Nearest cross-state ZIPs by ACS median household income.
More ZIP Codes in Fayette County
Related Areas
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.
Related
Take this with you
What to do with ZIP 50662's numbers, next.
- See how ZIP 50662 compares to a neighboring ZIP code on the same Census fields Compare this ZIP
- Check where Oelwein, IA ranks among every U.S. ZIP code on income, education, or homeownership View national rankings
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ZIP Code Tabulation Areas (ZCTAs) are Census Bureau approximations of USPS ZIP codes; figures describe the ZCTA area, not any single address within it.