The story of this market
The typical home in ZIP 50703 sells for about $104,949, or $85 per square foot.
Prices are down 5.41% from a year ago, which gives buyers more room to negotiate. Homes take about 30 days to sell. HUD's fair market rent for a two-bedroom is $952 a month.
ZIP 50703 — Waterloo
The housing market in 50703 is currently characterized by high affordability and a high share of renter-occupied households. Prices have seen a slight year-over-year decline, reflecting a cooling trend in the local market compared to broader regional growth. Inventory remains limited, and the market is primarily driven by entry-level buyers and investors.
This ZIP is well-suited for budget-conscious first-time homebuyers and investors seeking entry-level properties in an established urban environment.
Median prices moved down 5.4% year over year.
Homes spend a median of 30 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 98% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 10.3% · poverty 17.6% — a mixed stability 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 2.4%/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 3.6%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 50703, 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.
Schools in the area are part of the Waterloo Community School District, which serves a diverse student population with varying performance metrics.
The area is subject to standard Midwestern climate risks, including potential for severe thunderstorms and localized flooding near the Cedar River.
Economic momentum is tied to the broader Waterloo-Cedar Falls metro area, which features a mix of manufacturing, healthcare, and education sectors.
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 rely on personal vehicles for commuting, with major corridors providing access to employment hubs in Waterloo and Cedar Falls.
The area offers access to local parks and proximity to the Cedar River trail system, with basic retail and dining options available along major thoroughfares.
The rental market is characterized by high demand for affordable housing, with a significant portion of the population living in renter-occupied units.
The local economy is anchored by manufacturing, healthcare, and public sector employment within the Waterloo-Cedar Falls metropolitan area.
The area is served by local bus transit and is connected to regional highways for broader access.
Ongoing urban renewal projects focus on revitalizing older residential and commercial corridors.
The Black Hawk County Assessor manages property valuations based on market-based assessment cycles.
Parcels are subject to Waterloo Community School District taxes and local municipal levies.
Property insurance premiums are influenced by regional weather patterns and historical flood risk assessments.
Iowa is a judicial foreclosure state, requiring court intervention for the foreclosure process.
Sellers are required to provide a residential property disclosure statement regarding the condition of the home.
Data retrieved from Census Reporter and ACS 5-year tables.
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 Waterpark4.57.3 mi
- Lost Island Themepark4.57.4 mi
- Get Air Trampoline Park4.36.8 mi
- Palmer's Family Fun4.74.5 mi
- Chuck E. Cheese4.27.8 mi
- UNI-Dome4.59.7 mi
- Young Arena4.74.6 mi
- Starbeck's Smokehouse4.44.8 mi
- McLeod Center4.79.7 mi
- Waterloo Convention Center4.34.7 mi
- Marcus Crossroads Cinema4.46.4 mi
- George Wyth State Park4.66.5 mi
- Maple Lanes Bowling Center4.56.1 mi
- Cadillac XBC4.45.2 mi
- Chuck E. Cheese4.27.8 mi
- George Wyth State Park4.66.5 mi
- Hartman Reserve Nature Center4.86.9 mi
- Place to Play Park4.99.7 mi
- Pfeiffer Springs Park4.67.9 mi
- Cedar Valley Arboretum & Botanic Gardens4.78.4 mi
- Pheasant Ridge Golf Course4.310.3 mi
- Gates Park Golf Course4.42.7 mi
- South Hills Golf Course4.57.6 mi
- Irv Warren Memorial Golf Course4.46.4 mi
- Red Carpet Golf Course3.92.8 mi
- Blain's Farm & Fleet4.49.2 mi
- Hy-Vee Grocery Store4.48.2 mi
- Kohl's4.27.9 mi
- Fleet Farm4.410.2 mi
- Ross Dress for Less48.9 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Extensive trail system for walking and cycling.
Regional hub for arts and community events.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.