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Waterloo city, IA

ZIP 50702 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Working ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 50702

Median Home Value
$145,800
Median Rent
$758
Affordability Snapshot
$40,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$937/mo PITI).

15%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

2.4x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

16.0 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 50702 in Waterloo city, IA, a household would need roughly $40,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $937. That sits below the local median household income ($59,784), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Diverse housing tenure.

Heating Fuel
Housing Metrics
Owner Occupied
59.5%-9% vs US avg
x
Vacancy Rate
7.3%-29% vs US avg
x
Broadband Access
87.4%+0% vs US avg
x
4+ Bedrooms
1.6%-89% vs US avg
x
Built Pre-1939
8.1%-36% vs US avg
x
Built Post-2014
0.1%-99% vs US avg
x
Rent Burden >30%
15.8%-68% vs US avg
x
Mortgage-Free
32.5%-15% vs US avg
x
$145,800
Home Value
$758
Rent
1959
Year Built
2014
Moved In

Residents have lived here since ~2014 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached69.0%
  • 1-unit attached4.5%
  • 2-9 units13.3%
  • 10+ units12.2%
  • Mobile home & other1.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$145,800
Median rent$758
Owner-occupied59.5%
Vacant7.3%
Price-to-income2.4x
Est. income to buy$40,000