The story of this market
The typical home in ZIP 50707 sells for about $199,700, or $155 per square foot.
Prices are up +2.4% from a year ago, so sellers still have some momentum. Homes take about 48 days to sell. HUD's fair market rent for a two-bedroom is $951 a month.
ZIP 50707 — Evansdale
The 50707 housing market is currently balanced, with steady demand for affordable single-family homes. Prices have seen modest year-over-year growth, supported by low inventory levels and consistent interest from local buyers. The market remains stable as it aligns with broader regional economic trends in the Waterloo-Cedar Falls metro.
This ZIP is well-suited for budget-conscious family buyers and local commuters seeking affordable entry-level housing options within the broader Waterloo metro area.
Median prices moved up 2.4% year over year.
Homes spend a median of 48 days on market with 4.2 months of supply — a fast-moving market.
12% 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 5.3% · poverty 18.9% — 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 6.3%/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 4.4%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 50707, 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 Waterloo-Evansdale area are generally higher than the Iowa state average, with property crime being the most frequently reported incident type.
Schools serving the 50707 area are primarily part of the Waterloo Community School District, which faces ongoing challenges regarding student performance metrics and resource allocation.
The area is subject to flood risks associated with the Cedar River basin, requiring many residents to maintain flood insurance coverage.
Economic momentum is driven by manufacturing and healthcare anchors in the Waterloo-Cedar Falls metro, though development in 50707 is largely infill and residential stabilization.
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-20 and I-380, providing direct access to the Waterloo and Cedar Falls employment hubs within a 15-20 minute drive.
The area features access to local parks in Evansdale and Elk Run Heights, with proximity to the Cedar Valley Nature Trail and various community sports facilities.
The rental market is characterized by steady demand for single-family homes and small multi-family units, with vacancy rates remaining low due to limited new construction.
The economy is anchored by manufacturing, food processing, and healthcare services, with major employers including John Deere and UnityPoint Health in the surrounding metro.
The area is served by a network of regional highways including US-20 and I-380, facilitating regional connectivity.
Development is primarily focused on residential maintenance and small-scale commercial improvements within the existing municipal footprints.
The Black Hawk County Assessor conducts periodic property revaluations to align assessments with market value trends.
Parcels are subject to Waterloo Community School District levies and various municipal utility service districts.
Property insurance premiums are influenced by regional flood risk and severe weather patterns common to the Midwest.
Data retrieved from Census Reporter/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 Waterpark4.52.4 mi
- Lost Island Themepark4.52.4 mi
- Get Air Trampoline Park4.36.1 mi
- Palmer's Family Fun4.76.4 mi
- Chuck E. Cheese4.27.5 mi
- UNI-Dome4.59.6 mi
- Young Arena4.73.3 mi
- Starbeck's Smokehouse4.43.6 mi
- McLeod Center4.79.6 mi
- Waterloo Convention Center4.33.1 mi
- Marcus Crossroads Cinema4.42 mi
- George Wyth State Park4.67.5 mi
- Maple Lanes Bowling Center4.55 mi
- Cadillac XBC4.41.9 mi
- Chuck E. Cheese4.27.5 mi
- George Wyth State Park4.67.5 mi
- Hartman Reserve Nature Center4.87.3 mi
- Place to Play Park4.98.9 mi
- Pfeiffer Springs Park4.68.2 mi
- Cedar Valley Arboretum & Botanic Gardens4.73.6 mi
- Pheasant Ridge Golf Course4.310.8 mi
- Gates Park Golf Course4.43.9 mi
- South Hills Golf Course4.52.9 mi
- Irv Warren Memorial Golf Course4.44 mi
- Red Carpet Golf Course3.93.1 mi
- Blain's Farm & Fleet4.48 mi
- Hy-Vee Grocery Store4.48 mi
- Kohl's4.27.6 mi
- Fleet Farm4.48.3 mi
- Ross Dress for Less47.7 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Local community park providing green space and recreational facilities.
Regional trail system accessible for cycling and walking.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.