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 Moderate-density area
- $50,060
- Median income Below-median income area
- $95,900
- Median home value Below-median home value
- 13.6%
- Bachelor's or higher Below-average bachelor's attainment
National ZIP placement
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.
FHFA HPI release change
What changed in the latest House Price Index year
- FHFA House Price Index values in ZIP 50703 (Waterloo, IA) fell -2.4% from 2023 to 2024. The all-transactions index moved from 207.3 in 2023 to 202.4 in 2024 (2000 = 100).
ZIP code 50703 is a mid-sized community (a standard USPS delivery area) in Waterloo, Black Hawk County, Iowa, home to 19,863 residents across 242.8 square miles, a density of 82 people per square mile, in the Chicago time zone.
ZIP 50703 reports a modest median household income of $50,060 (35% below the average Iowa ZIP), while per-capita income is $27,728. Unemployment is 10.3%, an important qualifier alongside the household-income figure. Home values sit below the statewide ZIP benchmark: the median is $95,900 (45% below the average Iowa ZIP), and median rent is $952; owner occupancy is 57.8%.
Formal educational attainment runs low here: just 13.6% of adults hold a bachelor's degree or higher, the median age is 38.5, and the average commute is 17 minutes. The page also surfaces 8 ZIP codes within roughly 10 miles and 6 more in Black Hawk County, so 50703 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 50703
Top 5 sectors by establishment count in Waterloo, IA
Which industries have the most business establishments in ZIP 50703.
- Retail trade
Retail trade
55 establishments
- Health care and social assistance
Health care and social assistance
52 establishments
- Manufacturing
Manufacturing
46 establishments
- Transportation and warehousing
Transportation and warehousing
45 establishments
- Other services (except public administration)
Other services (except public administration)
44 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 50703, 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
19,863
Population
242.8
Area (sq mi)
82
People / sq mi
Chicago
Time Zone
standard
ZIP Type
Who lives in ZIP 50703?
38.5
Median Age
50.5%
Male
49.5%
Female
7.1%
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?
$50,060
Median Household Income
-35% vs state ZIP avg
$27,728
Per Capita Income
17.6%
Poverty Rate
10.3%
Unemployment Rate
16.7 min
Mean Commute Time
How ZIP 50703 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)
$50,060 6th percentile higher than 6% 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
8,440housing units
8,440
Total Housing Units
7,445
Occupied Units
995
Vacant Units
2.31
Avg Household Size
Occupancy Type
$95,900
Median Home Value
-45% vs state ZIP avg
$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.
- 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
- 50622 3,206
Denver (50622)
3,206 residents
- 50626 1,804
Dunkerton (50626)
1,804 residents
- 50668 1,249
Readlyn (50668)
1,249 residents
- 50667 795
Raymond (50667)
795 residents
- 50634 713
Gilbertville (50634)
713 residents
What this shows Among its immediate neighbors, ZIP 50703 ranks #3 by population - useful context the national average alone can't give.
ZIP 50703 vs its nearest neighbors, by median income
Median household income of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 50622
Denver (50622)
$95,089 median income
- 50668
Readlyn (50668)
$85,956 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 50703 ranks #9 of 9 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 50703, 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 (19,863 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 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.
Related
Take this with you
What to do with ZIP 50703's numbers, next.
- See how ZIP 50703 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
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ZIP Code Tabulation Areas (ZCTAs) are Census Bureau approximations of USPS ZIP codes; figures describe the ZCTA area, not any single address within it.