50701 — Waterloo, IA Home Values
Typical home value $187,543 as of August 2026 · 25th of 33 in Waterloo-Cedar Falls, IA
Blue: typical home value (Zillow ZHVI) in ZIP code 50701, August 2021 to August 2026. This page shows observed data only; no forecast.
How 50701 compares in the Waterloo-Cedar Falls, IA area
ZIP code 50701 (Waterloo, IA) has a typical home value of $187,543 as of August 2026, ranking 25th of 33 ZIP codes tracked in the Waterloo-Cedar Falls, IA area, more expensive than about 27% of ZIP codes in the metro. Prices here have moved +1.4% over the trailing 12 months. Over the past five years, the typical value in this ZIP code has changed +24.8%, from $150,250 in August 2021 to $187,543 in August 2026. Against observed rent, the typical home here sells for 14.4× the annual rent ($1,083/mo), a common way to gauge whether buying looks cheap relative to renting in this ZIP code.
Every figure above is observed Zillow data. Sialim's forecasting engine works at the metro level; see the Waterloo-Cedar Falls, IA forecast for a modeled outlook, or browse the full ranked list of ZIP codes in Waterloo.
Population and demographics
ZIP code 50701 has a population of 29,745, per the Census Bureau's American Community Survey 5-year estimate. By race and ethnicity: 78.4% White, 12.1% Black or African American, 3.7% two or more races, 3.2% Hispanic or Latino, 2% Asian, 0.4% Native Hawaiian or Pacific Islander, 0.2% another race, and 0.1% American Indian or Alaska Native.
Nearby public schools
| School | Address | Distance |
|---|---|---|
| Orange Elementary School | 5805 Kimball Ave, Waterloo, IA | 1.1 mi |
| Lou Henry Elementary School | 312 Rachael St, Waterloo, IA | 3.3 mi |
| Hoover Middle School | 630 Hillcrest Rd, Waterloo, IA | 3.4 mi |
Distance is straight-line from the ZIP code's center; driving distance will be longer. School attendance is set by district boundaries, not proximity. Confirm which school a specific address is zoned for with the local school district. Source: National Center for Education Statistics.
Frequently asked questions
What is the typical home value in ZIP code 50701?
$187,543 as of August 2026, the latest month Zillow has published observed data for.
Is 50701 an expensive ZIP code in the Waterloo-Cedar Falls, IA area?
50701 ranks 25th of 33 ZIP codes in the Waterloo-Cedar Falls, IA area by typical home value, more expensive than about 27% of ZIP codes in the metro.
How much have home values in 50701 changed over the past year?
+1.4% over the trailing 12 months, from observed Zillow data.
Is it cheaper to buy or rent in ZIP code 50701?
The typical home price is 14.4× the observed annual rent in this ZIP code ($1,083/mo). Lower multiples favor buying over renting, all else equal.
What is the population of ZIP code 50701?
29,745, per the US Census Bureau's American Community Survey 5-year estimate.
What are the closest public schools to ZIP code 50701?
Orange Elementary School (1.1 mi), Lou Henry Elementary School (3.3 mi), Hoover Middle School (3.4 mi), by straight-line distance from the ZIP code's center. School attendance is set by district boundaries, not proximity. Confirm assignment with the local school district.
Is this page showing a forecast for 50701?
No. Every number on this page is observed Zillow data as of August 2026, not a forecast. Sialim's forecasting engine runs at the metro level; see the Waterloo-Cedar Falls, IA forecast for a modeled outlook.
ZIP-level values shown here are observed Zillow data, not forecasts. Sialim's forecasting engine works at the metro level today; ZIP-level forecasts are planned for Sialim Pro. Data © Zillow, via Zillow Research.