The story of this market
The typical home in ZIP 50702 sells for about $155,000, or $128 per square foot.
Prices are up +2.4% from a year ago, so sellers still have some momentum. Homes take about 42 days to sell. HUD's fair market rent for a two-bedroom is $971 a month.
ZIP 50702 — Waterloo
The 50702 housing market remains stable with modest price appreciation and consistent demand for affordable single-family homes. Low inventory levels continue to support prices, though the pace of sales has moderated compared to previous years. Buyers are finding a balanced environment, while sellers benefit from steady demand in the entry-level price segment.
This ZIP is well-suited for first-time homebuyers, workforce families, and investors seeking affordable entry points into the Waterloo housing market.
Median prices moved up 2.4% year over year.
Homes spend a median of 42 days on market with 2.8 months of supply — a fast-moving market.
18% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.9% · poverty 13.5% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 3.4%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 2.2%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 50702, Black Hawk County IA
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Crime rates in the 50702 area are generally consistent with the broader Waterloo urban trends, with property crime being the primary concern compared to regional averages.
Schools serving this ZIP are part of the Waterloo Community School District, which faces ongoing challenges in academic performance metrics and resource allocation.
The area is subject to standard Midwestern climate risks, including seasonal severe thunderstorms and potential localized flooding near the Cedar River basin.
Economic momentum is tied to the Waterloo industrial and healthcare sectors, with steady but modest development activity focused on infill and residential maintenance.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Iowa) — Iowa Property Tax Assessment Limitation: The taxable value is determined by applying an assessment limitation (rollback) to the assessed market value. The limitation is calculated annually to restrict the growth in aggregate taxable value for the residential class to 3% statewide.
Residents primarily commute via US-218 and local arterials toward downtown Waterloo and the Cedar Falls employment hubs, with average commute times under 20 minutes.
The area features access to local parks and the Cedar Valley Nature Trail system, with proximity to shopping centers along the Crossroads corridor.
The rental market is characterized by steady demand for workforce housing, with low vacancy rates and moderate rent growth driven by limited new supply.
The economy is anchored by manufacturing, healthcare, and education, with major employers including John Deere and UnityPoint Health.
The area is served by a network of state highways and local bus transit, providing connectivity to the broader Cedar Valley region.
Development is focused on urban renewal projects and the expansion of commercial infrastructure along major transit corridors.
Black Hawk County Assessor manages property valuations, with assessments updated periodically to reflect market conditions.
Parcels are subject to Waterloo Community School District levies and various municipal utility districts.
Property insurance premiums are stable but sensitive to regional weather-related claims, particularly wind and hail damage.
Data retrieved from US Census Bureau ACS tables for ZCTA 50702.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Lost Island Waterpark4.51.3 mi
- Lost Island Themepark4.51.6 mi
- Get Air Trampoline Park4.35 mi
- Palmer's Family Fun4.76.1 mi
- Chuck E. Cheese4.26.5 mi
- UNI-Dome4.58.4 mi
- Young Arena4.72.8 mi
- Starbeck's Smokehouse4.42.9 mi
- McLeod Center4.78.4 mi
- Waterloo Convention Center4.32.5 mi
- Marcus Crossroads Cinema4.40.4 mi
- George Wyth State Park4.66.8 mi
- Maple Lanes Bowling Center4.53.9 mi
- Cadillac XBC4.41.1 mi
- Chuck E. Cheese4.26.5 mi
- George Wyth State Park4.66.8 mi
- Hartman Reserve Nature Center4.86.4 mi
- Place to Play Park4.97.6 mi
- Pfeiffer Springs Park4.67.3 mi
- Cedar Valley Arboretum & Botanic Gardens4.72.4 mi
- Pheasant Ridge Golf Course4.39.7 mi
- Gates Park Golf Course4.44.1 mi
- South Hills Golf Course4.51.6 mi
- Irv Warren Memorial Golf Course4.42.7 mi
- Red Carpet Golf Course3.93.5 mi
- Blain's Farm & Fleet4.46.6 mi
- Hy-Vee Grocery Store4.46.9 mi
- Kohl's4.26.5 mi
- Fleet Farm4.46.8 mi
- Ross Dress for Less46.3 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Extensive regional trail system for cycling and walking.
Major regional retail hub serving the Waterloo-Cedar Falls area.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.