Waterloo, IA · standard
ZIP Code 50702
Black Hawk County, Iowa - Census ACS demographics, housing tenure, and business patterns, benchmarked against every US ZIP.
- 19,970
- 816/sq mi High-density area
- $62,021
- Median income Below-median income area
- $150,500
- Median home value Below-median home value
- 21.5%
- Bachelor's or higher Near-average bachelor's attainment
National ZIP placement
Waterloo pairs a below-median household income with below-median home values, in a low-density, homeowner-dominated area.
- 33rd pct
- household income, US ZIPs
- 25th pct
- home value, US ZIPs
- 816
- people per sq mi
- 61%
- owner-occupied homes
Source: U.S. Census Bureau ACS 5-Year Estimates (2019–2023). Percentiles rank ZIP 50702 against every reporting US ZIP.
FHFA HPI release change
What changed in the latest House Price Index year
- FHFA House Price Index values in ZIP 50702 (Waterloo, IA) rose +4.5% from 2023 to 2024. The all-transactions index moved from 204.5 in 2023 to 213.7 in 2024 (2000 = 100).
ZIP code 50702 is a mid-sized community (a standard USPS delivery area) in Waterloo, Black Hawk County, Iowa, home to 19,970 residents across 24.5 square miles, a density of 816 people per square mile, in the Chicago time zone.
ZIP 50702 reports a modest median household income of $62,021 (19% below the average Iowa ZIP), while per-capita income is $32,071. The poverty rate is 13.5%, with unemployment at 3.9%; those measures add context to the income figure. Median home value is $150,500 (14% below the average Iowa ZIP) and median rent is $971; 61.2% of occupied homes are owner-occupied.
Educational attainment sits below the national norm: 21.5% of adults hold a bachelor's degree or higher, the median age is 36.1, and the average commute is 17 minutes. The page also surfaces 7 ZIP codes within roughly 10 miles and 6 more in Black Hawk County, so 50702 can be compared with both its immediate and county-level context.
Every figure on this page is sourced from the U.S. Census Bureau American Community Survey 5-Year Estimates (including median rent) and the FHFA House Price Index, no estimates, no proprietary scoring. Verify with Census →
Top industries in ZIP 50702
Top 5 sectors by establishment count in Waterloo, IA
Which industries have the most business establishments in ZIP 50702.
- Retail trade
Retail trade
112 establishments
- Health care and social assistance
Health care and social assistance
77 establishments
- Accommodation and food services
Accommodation and food services
59 establishments
- Other services (except public administration)
Other services (except public administration)
49 establishments
- Construction 40
Construction
40 establishments
What this shows Establishment counts come from the Census ZIP Code Business Patterns program, which counts physical business locations rather than employees or revenue.
Source: U.S. Census Bureau, American Community Survey 5-Year Estimates + ZIP Code Business Patterns + FHFA HPI ACS demographics and median rent, ZBP business establishments, FHFA HPI for ZIP 50702, Waterloo, IA · 2023 Census ACS 5-Year Estimates use a rolling 60-month sample for stable small-geography estimates; ZBP updated annually; FHFA HPI updated quarterly/annually.
Quick Facts
19,970
Population
24.5
Area (sq mi)
816
People / sq mi
Chicago
Time Zone
standard
ZIP Type
Who lives in ZIP 50702?
36.1
Median Age
49.1%
Male
50.9%
Female
14.8%
Foreign-Born
Hispanic or Latino is an ethnicity category from the Census Bureau and may overlap with other categories above.
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
How much do residents earn?
$62,021
Median Household Income
-19% vs state ZIP avg
$32,071
Per Capita Income
13.5%
Poverty Rate
3.9%
Unemployment Rate
16.9 min
Mean Commute Time
How ZIP 50702 ranks among Iowa ZIPs
Waterloo, IA household income vs. every Iowa ZIP code
Median household income among 911 reporting Iowa ZIPs (this ZIP's population is too small for a reliable national-corpus placement)
$62,021 22nd percentile higher than 22% of 911 Iowa ZIPs
Each bar is a $20K-wide band; taller bars hold more Iowa ZIPs. The dashed line + filled bar mark this entry. Hover or tap any bar for its full count, share, and where it sits relative to this entry.
Source U.S. Census Bureau, ACS 5-Year Estimates · 2019–2023
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
What is the education profile here?
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
What does housing look like?
Housing stock: occupied vs vacant
9,611housing units
9,611
Total Housing Units
8,892
Occupied Units
719
Vacant Units
2.32
Avg Household Size
Occupancy Type
$150,500
Median Home Value
-14% vs state ZIP avg
$971
Median Rent
1959
Median Year Built
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
How have home values changed over time?
FHFA House Price Index, annual appreciation data based on repeat sales and appraisals
+4.5%
YoY Change (2024)
214
HPI Index (2000 = 100)
+114%
Total Change Since 2000
Home values in ZIP 50702 have increased 4.5% over the past year (2024). Since 2000, this ZIP has seen +114% cumulative appreciation.
| Year | Annual Change | HPI Index |
|---|---|---|
| 2020 | -0.7% | 157 |
| 2021 | +6.1% | 167 |
| 2022 | +7.6% | 179 |
| 2023 | +14.1% | 205 |
| 2024 | +4.5% | 214 |
Source: Federal Housing Finance Agency (FHFA) House Price Index, All-Transactions, Five-Digit ZIP Codes (Developmental Index). Index base = 100 in year 2000. Data through 2024. ZIP codes with few transactions may show missing values.
What businesses operate in this ZIP?
Census Bureau data shows 495 business establishments in ZIP 50702, employing approximately 9,513 people with a combined annual payroll of $418,236,000.
495
Businesses
9,513
Employees
$418.2M
Annual Payroll
15
Industry Sectors
| Industry | Establishments | % of Total |
|---|---|---|
| Retail trade | 112 | 22.6% |
| Health care and social assistance | 77 | 15.6% |
| Accommodation and food services | 59 | 11.9% |
| Other services (except public administration) | 49 | 9.9% |
| Construction | 40 | 8.1% |
| Finance and insurance | 27 | 5.5% |
| Real estate and rental and leasing | 23 | 4.7% |
| Administrative and support and waste management and remediation services | 21 | 4.2% |
| Wholesale trade | 19 | 3.8% |
| Transportation and warehousing | 19 | 3.8% |
| Professional, scientific, and technical services | 15 | 3.0% |
| Manufacturing | 11 | 2.2% |
| Educational services | 10 | 2.0% |
| Information | 8 | 1.6% |
| Arts, entertainment, and recreation | 5 | 1.0% |
Source: U.S. Census Bureau, ZIP Code Business Patterns (ZBP), 2023. Employment figures may include noise for disclosure avoidance.
Nearby ZIP Codes
Want a side-by-side? Compare 50702 vs 50707 →
ZIP 50702 vs its nearest neighbors, by population
Resident population of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 50701
Waterloo (50701)
30,324 residents
- 50702
Waterloo (50702)
19,970 residents
- 50703
Waterloo (50703)
19,863 residents
- 50707 8,509
Evansdale (50707)
8,509 residents
- 50651 3,578
La Porte City (50651)
3,578 residents
- 50626 1,804
Dunkerton (50626)
1,804 residents
- 50667 795
Raymond (50667)
795 residents
- 50634 713
Gilbertville (50634)
713 residents
What this shows Among its immediate neighbors, ZIP 50702 ranks #2 by population - useful context the national average alone can't give.
ZIP 50702 vs its nearest neighbors, by median income
Median household income of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 50651
La Porte City (50651)
$88,333 median income
- 50626
Dunkerton (50626)
$84,306 median income
- 50634
Gilbertville (50634)
$79,583 median income
- 50667
Raymond (50667)
$76,711 median income
- 50707
Evansdale (50707)
$63,441 median income
- 50702
Waterloo (50702)
$62,021 median income
- 50701
Waterloo (50701)
$61,475 median income
- 50703
Waterloo (50703)
$50,060 median income
What this shows By household income, ZIP 50702 ranks #6 of 8 neighboring ZIPs, local affluence varies block to block, not just metro to metro.
Nationwide ZIPs with similar ACS profiles
Two Census-derived peer sets for ZIP 50702, both outside IA so the neighborhoods are not geographic containment (Nearby and same-county blocks stay local).
Similar population
Nearest cross-state ZIPs by resident population (19,970 here; floor ≥1,000).
Similar median household income
Nearest cross-state ZIPs by ACS median household income.
More ZIP Codes in Black Hawk County
Related Areas
Frequently Asked Questions
What county is ZIP code 50702 in?
ZIP code 50702 (Waterloo) is located in Black Hawk County, Iowa. Black Hawk County contains multiple ZIP codes, see the full list at /counties/black-hawk-ia.
What is the population of ZIP code 50702?
ZIP code 50702 in Waterloo, IA has a population of 19,970 according to the Census Bureau ACS 2023 estimates.
What is the median household income in ZIP 50702?
The median household income in ZIP 50702 is $62,021, which is 19% below the national average of $76,288.
What is the average home value in ZIP 50702?
The median home value in ZIP 50702 is $150,500, which is 46% below the national average of $278,155.
What is the demographic makeup of ZIP 50702?
The largest racial group in ZIP 50702 is White at 68.8%. Hispanic or Latino residents make up 9.2% of the population.
How many businesses are in ZIP code 50702?
ZIP code 50702 has 495 business establishments employing approximately 9,513 people, according to Census Bureau ZIP Code Business Patterns (ZBP) 2023 data.
What are the main industries in ZIP code 50702?
The top industries by establishment count in ZIP 50702 are: Retail trade (112), Health care and social assistance (77), Accommodation and food services (59). There are 15 industry sectors represented in total.
How have home values changed in ZIP code 50702?
According to the FHFA House Price Index, home values in ZIP 50702 increased by 4.5% in 2024. Since 2000, home values in this ZIP have appreciated by approximately 114%. This is a developmental index based on repeat sales and appraisal data from Fannie Mae and Freddie Mac.
What is the education level in ZIP code 50702?
In ZIP code 50702, 57.0% of residents aged 25+ have a high school diploma or higher, and 21.5% hold a bachelor's degree or higher. These figures come from the Census Bureau ACS 5-Year Estimates (2023).
What is the average commute time in ZIP 50702?
The mean commute time for workers in ZIP code 50702 is 16.9 minutes according to Census ACS data. The national average is roughly 26 minutes, so commuters here spend less time traveling to work than typical.
What percentage of residents own vs. rent in ZIP 50702?
In ZIP code 50702, approximately 61.2% of occupied housing units are owner-occupied and 38.8% are renter-occupied, based on Census ACS 2023 data.
What is the poverty rate in ZIP code 50702?
The poverty rate in ZIP code 50702 is 13.5% according to Census Bureau ACS 2023 estimates. This measures the percentage of the population living below the federal poverty threshold.
Related
Take this with you
What to do with ZIP 50702's numbers, next.
- See how ZIP 50702 compares to a neighboring ZIP code on the same Census fields Compare this ZIP
- Check where Waterloo, IA ranks among every U.S. ZIP code on income, education, or homeownership View national rankings
- Save this ZIP to your shortlist to track alongside others you're considering View your shortlist
ZIP Code Tabulation Areas (ZCTAs) are Census Bureau approximations of USPS ZIP codes; figures describe the ZCTA area, not any single address within it.