ZIP Code 50701 — Waterloo, IA Home Prices (2026)
The typical home in ZIP 50701 (Waterloo, Iowa) is worth about $190,000 at roughly $139 per square foot — 25% more expensive than the Waterloo median and 35% more affordable than the typical U.S. home.
How 50701 compares
ZIP 50701 is one of the pricier ZIP codes in Waterloo: its typical home value of $190,000 ranks #1 of the 3 Waterloo ZIP codes we track (the citywide range runs from $97,000 in 50703 to $190,000 in 50701). Per square foot it costs about $139, against $131 for Waterloo as a whole, $135 for Iowa, and $195 nationally.
| Area | Typical value | $ / sq ft |
|---|---|---|
| ZIP 50701 | $190,000 | $139 |
| Waterloo, IA | $152,000 | $131 |
| Iowa | $212,000 | $135 |
| United States | $294,000 | $195 |
Home value by size in 50701
Using this ZIP’s rate of about $139 per square foot. Condition, lot, and the exact street move these meaningfully — use the estimator below for a home-specific figure.
| Home size | Estimated value |
|---|---|
| 1,000 sq ft | $139,000 |
| 1,500 sq ft | $208,500 |
| 2,000 sq ft | $278,000 |
| 2,500 sq ft | $347,500 |
| 3,000 sq ft | $417,000 |
Salary needed to buy a home in ZIP 50701
To buy the typical $190,000 home in ZIP 50701 with 20% down, you need a household income of roughly $52,000 a year (about $1,210 a month for the mortgage, taxes, and insurance). With 10% down the bar rises to about $61,000, because the loan is bigger and mortgage insurance kicks in.
| Down payment | Cash down | Monthly payment | Income needed |
|---|---|---|---|
| 5% (+PMI) | $9,500 | $1,500/mo | $64,000/yr |
| 10% (+PMI) | $19,000 | $1,430/mo | $61,000/yr |
| 20% | $38,000 | $1,210/mo | $52,000/yr |
Assumes a 30-year fixed mortgage at 6.5%, property tax at 1.1% and insurance at 0.45% of value per year, PMI of 0.75% on loans with less than 20% down, and the standard 28% housing-to-income rule. Your rate, taxes, and HOA will move these — run your own numbers in the mortgage calculator.
What your budget buys in ZIP 50701
At about $139 per square foot, here is roughly how much home different budgets get you in ZIP 50701:
| Budget | Approx. size | What that looks like locally |
|---|---|---|
| $150k | 1080 sq ft | below the local median — condos, smaller or older homes |
| $200k | 1440 sq ft | around the typical home here |
| $250k | 1800 sq ft | above the median — larger homes or the pricier ZIPs |
| $300k | 2160 sq ft | above the median — larger homes or the pricier ZIPs |
| $400k | 2880 sq ft | above the median — larger homes or the pricier ZIPs |
Wondering where that budget goes further? The relocation calculator ranks hundreds of U.S. cities by what the same money buys — it opens pre-filled with a typical 50701 home.
Estimate a specific home in 50701
The estimator below is pre-set to ZIP 50701 — pick your home’s size for an instant ballpark, then open the full calculator to adjust beds, baths, and condition.
All Waterloo ZIP codes by home value
Where 50701 sits among Waterloo’s 3 ZIP codes:
ZIP 50701 home prices: frequently asked
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See the full Waterloo home values page, all Iowa cities, or price per square foot by ZIP code nationwide.
Directional estimates from public market data (Realtor.com & Zillow research), not appraisals. A single ZIP contains very different homes; actual values vary and change over time.