50450 Zip Code

April 26, 2024

Zip Code:	50450
City/Town:	Lake Mills
State:	Iowa

Population:	2,897
Per Capita Income:	$23,823
Mean Household Income:	$53,702

Total Housing Units:	1,267
Median Home Value:	$78,200
Median Year Homes Built:	1961

Land Area:	81.0 sq miles 209.8 sq kilometers
Water Area:	1.6 sq miles 4.3 sq kilometers

Population Information (50450 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Total Population:

2,897

Male:

1,417

48.9%

49.2%

Female:

1,480

51.1%

50.8%

Median Age:

46.0 yrs

37.2 yrs

Under 5 years:

180

6.2%

6.5%

5 to 9 years:

185

5.1%

6.6%

10 to 19 years:

328

11.3%

13.8%

20 to 29 years:

259

8.9%

13.8%

30 to 39 years:

308

10.6%

13.0%

40 to 49 years:

362

12.5%

14.2%

50 to 59 years:

468

16.2%

13.6%

60 to 69 years:

309

10.7%

9.4%

70 to 79 years:

236

8.1%

5.4%

80 years and over:

262

9.0%

3.7%

Housing Information (50450 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Median home value:

$78,200

$119,600

Median year homes build:

1961

1971

Median real estate taxes:

$818 / yr.

$1,334 / yr.

Median rent:

$269 / mo.

$519 / mo.

Total households:

1,267

Family households:

797

62.9%

66.4%

Nonfamily households:

470

37.1%

33.6%

Households with individuals under 18 years:

331

26.1%

33.4%

Households with individuals 65 years and over:

413

32.6%

24.9%

Average household size:

2.2

Average family size:

2.8

Total housing units:

1,424

Occupied housing units:

1,267

89.0%

88.6%

Vacant housing units:

157

11.0%

11.4%

For rent:

3.3%

3.1%

Rented, not occupied:

0.0%

0.2%

For sale only:

2.0%

1.4%

Sold, not occupied:

0.6%

0.3%

For seasonal, recreational, or occasional use:

1.8%

3.5%

All other vacants:

3.4%

2.8%

Homeowner vacancy rate:

3.0%

2.4%

Rental vacancy rate:

12.1%

9.2%

Owner-occupied housing units:

924

Population in owner-occupied housing units:

2,161

Average household size of owner-occupied units:

2.3

2.65

Renter-occupied housing units:

343

Population in renter-occupied housing units:

675

Average household size of renter-occupied units:

2.0

2.44

Educational Attainment (50450 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Population 25 years and over

2,138

Less than 9th grade:

126

5.9%

6.2%

9th to 12th grade, no diploma:

125

5.8%

8.7%

High school graduate (includes equivalency):

859

40.2%

29.0%

Some college, no degree:

580

27.1%

20.6%

Associate degree:

166

7.8%

7.5%

Bachelor's degree:

234

10.9%

17.6%

Graduate or professional degree:

2.2%

10.3%

Percent high school graduate or higher:

88.3%

85.0%

Percent bachelor's degree or higher:

13.2%

27.9%

Income Information (50450 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:

1,099

37.9%

50.4%

Median income:

$27,891 / yr.

$27,932 / yr.

Full-time, year-round workers:

591

20.4%

59.7%

Median income:

$33,378 / yr.

$38,349 / yr.

Females 15 years and over with income:

1,279

44.1%

49.6%

Median income:

$17,301 / yr.

$16,327 / yr.

Full-time, year-round workers:

422

14.6%

40.3%

Median income:

$25,435 / yr.

$28,135 / yr.

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