How much is a home worth in ZIP code 50703?

The typical home in 50703 is worth $95,194, based on the Zillow Home Value Index.

Are home values rising in 50703?

Home values in 50703 are down 3.2% over the past year, and up 4.0% a year over five years.

What is the typical rent in 50703?

A typical home in 50703 rents for about $882 a month, a gross rental yield of 11.1%.

What is the property tax rate in 50703?

The effective property tax rate in 50703 is 1.3% — roughly $1,272 a year on a typical home.

ZIP code 50703 has a population of 17,952 and a median household income of $50,060.

HousingHandbookReference data

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U.S. ZIP Code · IA50703

Black Hawk County · Waterloo-Cedar Falls, IA

Typical home value

$95,194^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -3.2%
5-year / yr: +4.0%
10-year / yr: +3.7%

Relative price

vs U.S.: -66.5%
vs metro: -56.5%
vs state: -53.5%

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 50703 is worth $95,194 — 56.5% below the Waterloo-Cedar Falls, IA median. Over the past year, values have fallen 3.2%. Homes here rent for a typical $882 a month — a 11.1% gross rental yield. The effective property tax rate is 1.3%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent: $882^[2]
Gross yield: 11.1%^[2]
Cap rate: 6.7%^[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate: 1.3%^[3]
Typical annual tax: $1,272^[3]

#Climate risk

FEMA National Risk Index ratings for Black Hawk County. "Not Applicable" means the hazard does not threaten the county.

Overall risk: Relatively Low^[4]
Riverine flood: Relatively Moderate
Coastal flood: Not Applicable
Wildfire: Very Low
Drought: Relatively High
Heat wave: Relatively Low
Hurricane: Very Low
Tornado: Relatively High
Earthquake: Very Low
Winter weather: Relatively High

#Who lives here

Population: 17,952^[3]
Median household income: $50,060^[3]

#Migration

Household moves in and out of Black Hawk County over a year, from IRS tax-return data.

Net migration: -25^[5]
Moved in: 2,851
Moved out: 2,876

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools: 6
Elementary: 3
Middle: 1
High: 2

East High School
High · Grades 9–12 · Waterloo Comm School District
1,013 students
Expo Alternative Learning Center
High · Grades 6–12 · Waterloo Comm School District
578 students
Lincoln Elementary School
Elementary · Grades PK–5 · Waterloo Comm School District
492 students
Highland Elementary School
Elementary · Grades PK–5 · Waterloo Comm School District
462 students
George Washington Carver Academy
Middle · Grades 6–8 · Waterloo Comm School District
447 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Home value$Monthly rent$

Gross yield11.1%

Net yield (after ~40% expenses)6.7%

Annual rent$10,585

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$481

Loan principal$76,155

Down payment$19,039

Total interest paid$97,132

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio0.76

Monthly cost to own$667

Monthly rent$882

Owning is meaningfully cheaper month-to-month.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation: 0th percentile^[1]
Rental yield: 100th percentile^[2]
Property tax: 71st percentile^[3]

Rankings

Top-10 lists this ZIP code appears on.

1st for highest rental yield in IAView list →

Frequently asked

How much is a home worth in ZIP code 50703?: The typical home in 50703 is worth $95,194, based on the Zillow Home Value Index.
Are home values rising in 50703?: Home values in 50703 are down 3.2% over the past year, and up 4.0% a year over five years.
What is the typical rent in 50703?: A typical home in 50703 rents for about $882 a month, a gross rental yield of 11.1%.
What is the property tax rate in 50703?: The effective property tax rate in 50703 is 1.3% — roughly $1,272 a year on a typical home.
Who lives in 50703?: ZIP code 50703 has a population of 17,952 and a median household income of $50,060.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

50702 vs 50703 →
Waterloo, IA
Typical home
$148,391
Gross yield
7.6%
50707 vs 50703 →
Evansdale, IA
Typical home
$156,756
Gross yield
—
50680
Wellsburg, IA
Typical home
$161,405
Gross yield
—
50676
Tripoli, IA
Typical home
$171,490
Gross yield
—
50701
Waterloo, IA
Typical home
$186,094
Gross yield
6.3%
50669
Reinbeck, IA
Typical home
$188,755
Gross yield
—

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#Jump to section

U.S. ZIP Code · IA50703

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