PlainZIP

Waterloo, IA · standard

ZIP Code 50703

Black Hawk County, Iowa — Census ACS demographics, housing tenure, and business patterns, benchmarked against every US ZIP.

19,863
82/sq mi
$50,060
Median income
$95,900
Median home value
13.6%
Bachelor's or higher

The verdict

Waterloo pairs one of the lowest household incomes in the country with among the most affordable home values nationally, in a rural, mixed-tenure area.

14th pct
household income, US ZIPs
8th pct
home value, US ZIPs
82
people per sq mi
58%
owner-occupied homes

Source: U.S. Census Bureau ACS 5-Year Estimates (2019–2023). Percentiles rank ZIP 50703 against every reporting US ZIP.

ZIP code 50703 is classified by USPS as a standard delivery area and covers roughly 242.8 square miles in Waterloo, Black Hawk County, Iowa. The area is home to 19,863 residents, producing a population density of 82 people per square mile, and falls within the Chicago time zone. These USPS and Census boundary values drive every downstream statistic on this page, including the benchmarks that compare 50703 against Iowa and the nation.

On the economic side, the median household income for ZIP 50703 sits at $50,060 (35% below the Iowa average), while per-capita income is $27,728. The poverty rate stands at 17.6% and the unemployment rate at 10.3%. On housing, the median home value is $95,900 (45% below the state average) with median rent at $952 per month, and 57.8% of occupied units are owner-occupied, a direct signal of whether 50703 behaves more like a homeowner neighborhood or a renter-heavy ZIP.

Education and household profile round out the picture: 13.6% of adults hold a bachelor's degree or higher, the median age is 38.5, and the average commute is 17 minutes. We also surface 8 nearby ZIP codes within roughly 10 miles and 6 additional ZIPs sharing Black Hawk County, so you can benchmark 50703 against its immediate geography rather than a national average alone. Every figure is sourced from the U.S. Census Bureau American Community Survey 5-Year Estimates, HUD Fair Market Rents, and FHFA Home Price Index data, no estimates, no proprietary scoring. Verify with HUD →

Top industries in ZIP 50703

Top 5 sectors by establishment count

Which industries have the most business establishments in ZIP 50703.

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 · ZIP Code Business Patterns (ZBP) As of 2023

Source: U.S. Census Bureau, American Community Survey 5-Year Estimates + ZIP Code Business Patterns + HUD FMR + FHFA HPI ACS demographics, ZBP business establishments, HUD Fair Market Rents, FHFA HPI for ZIP 50703, Waterloo, IA · 2023 Census ACS 5-Year Estimates use a rolling 60-month sample for stable small-geography estimates; ZBP updated annually; HUD FMR + FHFA HPI updated quarterly/annually.

Quick Facts

19,863

Population

242.8

Area (sq mi)

82

People / sq mi

Chicago

Time Zone

standard

ZIP Type

Neighborhood Scorecard
Get an A-F grade across income, safety, housing, rent, education, commute, and childcare for this ZIP code.
View Scorecard →

Who lives in ZIP 50703?

38.5

Median Age

50.5%

Male

49.5%

Female

7.1%

Foreign-Born

White 59.6%
African American 24.7%
Asian 1.8%
American Indian or Alaska Native 0.5%
Native Hawaiian or Pacific Islander 0.8%
Two or More Ethnicities 8.2%
Hispanic or Latino 11.1%

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?

$50,060

Median Household Income

-35% vs state

$27,728

Per Capita Income

17.6%

Poverty Rate

10.3%

Unemployment Rate

16.7 min

Mean Commute Time

How ZIP 50703 ranks nationally

Household income vs. every US ZIP code

Median household income — the full national distribution, with this ZIP marked

$50,060 14th percentile higher than 14% of 30,318 US ZIPs

$0–$20,000: 118 US ZIPs (0%). Below this entry. $20,000–$40,000: 1,573 US ZIPs (5%). Below this entry. $40,000–$60,000: 7,092 US ZIPs (23%). This entry sits in this band. $60,000–$80,000: 9,980 US ZIPs (33%). Above this entry. $80,000–$100,000: 5,778 US ZIPs (19%). Above this entry. $100,000–$120,000: 2,855 US ZIPs (9%). Above this entry. $120,000–$140,000: 1,362 US ZIPs (4%). Above this entry. $140,000–$160,000: 686 US ZIPs (2%). Above this entry. $160,000–$180,000: 364 US ZIPs (1%). Above this entry. $180,000–$200,000: 186 US ZIPs (1%). Above this entry. $200,000–$220,000: 324 US ZIPs (1%). Above this entry. This ZIP $0 $200K+ every reporting US ZIP, bucketed by value

Each bar is a $20K-wide band; taller bars hold more US 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?

High School Graduate or Higher 51.6%
Bachelor's Degree or Higher 13.6%

Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)

What does housing look like?

8,440

Total Housing Units

7,445

Occupied Units

995

Vacant Units

2.31

Avg Household Size

Occupancy Type

Owner 57.8%
Renter 42.2%

$95,900

Median Home Value

-45% vs state

$952

Median Rent

1952

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

-2.4%

YoY Change (2024)

202

HPI Index (2000 = 100)

+102%

Total Change Since 2000

Home values in ZIP 50703 have decreased 2.4% over the past year (2024). Since 2000, this ZIP has seen +102% cumulative appreciation.

Year Annual Change HPI Index
2020 +2.6% 162
2021 +5.0% 171
2022 +4.6% 178
2023 +16.2% 207
2024 -2.4% 202

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 455 business establishments in ZIP 50703, employing approximately 13,817 people with a combined annual payroll of $1,024,076,000.

455

Businesses

13,817

Employees

$1.0B

Annual Payroll

15

Industry Sectors

Industry Establishments % of Total
Retail trade 55 12.1%
Health care and social assistance 52 11.4%
Manufacturing 46 10.1%
Transportation and warehousing 45 9.9%
Other services (except public administration) 44 9.7%
Accommodation and food services 35 7.7%
Construction 34 7.5%
Professional, scientific, and technical services 34 7.5%
Wholesale trade 28 6.2%
Administrative and support and waste management and remediation services 26 5.7%
Real estate and rental and leasing 21 4.6%
Finance and insurance 17 3.7%
Educational services 6 1.3%
Arts, entertainment, and recreation 4 0.9%
Information 3 0.7%

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 50703 vs 50707 →

ZIP 50703 vs its nearest neighbors, by population

Resident population of this ZIP and the closest reporting ZIP codes within ~10 miles.

residents

What this shows Among its immediate neighbors, ZIP 50703 ranks #3 by population — useful context the national average alone can't give.

Source U.S. Census Bureau · ACS 5-Year Estimates As of 2019–2023

ZIP 50703 vs its nearest neighbors, by median income

Median household income of this ZIP and the closest reporting ZIP codes within ~10 miles.

median income

What this shows By household income, ZIP 50703 ranks #9 of 9 neighboring ZIPs — local affluence varies block to block, not just metro to metro.

Source U.S. Census Bureau · ACS 5-Year Estimates As of 2019–2023
ZIP Code City Population Distance
50707 Evansdale, IA 8,509 4.8 mi
50702 Waterloo, IA 19,970 6.5 mi
50667 Raymond, IA 795 6.1 mi
50626 Dunkerton, IA 1,804 5.9 mi
50622 Denver, IA 3,206 9.0 mi
50701 Waterloo, IA 30,324 9.7 mi
50634 Gilbertville, IA 713 9.6 mi
50668 Readlyn, IA 1,249 10.2 mi

More ZIP Codes in Black Hawk County

50613 standard
Cedar Falls, IA
Pop: 42,031
50701 standard
Waterloo, IA
Pop: 30,324
50702 standard
Waterloo, IA
Pop: 19,970
50707 standard
Evansdale, IA
Pop: 8,509
50651 standard
La Porte City, IA
Pop: 3,578
50643 standard
Hudson, IA
Pop: 2,747

Related Areas

Black Hawk County Waterloo, IA Iowa

Frequently Asked Questions

What county is ZIP code 50703 in? ▼
ZIP code 50703 (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 50703? ▼
ZIP code 50703 in Waterloo, IA has a population of 19,863 according to the Census Bureau ACS 2023 estimates.
What is the median household income in ZIP 50703? ▼
The median household income in ZIP 50703 is $50,060, which is 34% below the national average of $76,288.
What is the average home value in ZIP 50703? ▼
The median home value in ZIP 50703 is $95,900, which is 66% below the national average of $278,155.
What is the demographic makeup of ZIP 50703? ▼
The largest racial group in ZIP 50703 is White at 59.6%. Hispanic or Latino residents make up 11.1% of the population.
How many businesses are in ZIP code 50703? ▼
ZIP code 50703 has 455 business establishments employing approximately 13,817 people, according to Census Bureau ZIP Code Business Patterns (ZBP) 2023 data.
What are the main industries in ZIP code 50703? ▼
The top industries by establishment count in ZIP 50703 are: Retail trade (55), Health care and social assistance (52), Manufacturing (46). There are 15 industry sectors represented in total.
How have home values changed in ZIP code 50703? ▼
According to the FHFA House Price Index, home values in ZIP 50703 decreased by 2.4% in 2024. Since 2000, home values in this ZIP have appreciated by approximately 102%. 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 50703? ▼
In ZIP code 50703, 51.6% of residents aged 25+ have a high school diploma or higher, and 13.6% 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 50703? ▼
The mean commute time for workers in ZIP code 50703 is 16.7 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 50703? ▼
In ZIP code 50703, approximately 57.8% of occupied housing units are owner-occupied and 42.2% are renter-occupied, based on Census ACS 2023 data.
What is the poverty rate in ZIP code 50703? ▼
The poverty rate in ZIP code 50703 is 17.6% according to Census Bureau ACS 2023 estimates. This measures the percentage of the population living below the federal poverty threshold.

ZIP Code Research Guides

Reading Census Demographics
How to interpret population, income, and education data from the Census Bureau.
Understanding ZIP Code Data
What ZIP codes are, how ZCTAs differ, and what the data reveals.
Best ZIP Codes for Families
Key factors to evaluate when choosing a family-friendly neighborhood.
ZIP Codes for Relocation
Data-driven tips for evaluating ZIP codes before a move.

Official Data Resources for Waterloo, IA

Verify and explore additional data for this area using these official government sources.

U.S. Census Bureau
Official demographic, economic, and housing data from the American Community Survey.
HUD Fair Market Rents
Department of Housing and Urban Development rental cost estimates by metropolitan area.
FBI Uniform Crime Reports
Official crime statistics compiled from law enforcement agencies nationwide.
FHFA House Price Index
Federal Housing Finance Agency home value trends based on repeat sales and appraisals.

Read our methodology to see how this data is sourced, computed, and verified.