ZIP Code 50702 — Waterloo, IA Home Prices (2026)

The typical home in ZIP 50702 (Waterloo, Iowa) is worth about $152,000 at roughly $131 per square foot — about the same as the Waterloo median and 48% more affordable than the typical U.S. home.

$152,000

Typical home value

$131

Price per sq ft

#2 of 3

Waterloo ZIPs by value

+0%

vs Waterloo median

How 50702 compares

ZIP 50702 is a mid-priced ZIP code for Waterloo: its typical home value of $152,000 ranks #2 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 $131, against $131 for Waterloo as a whole, $135 for Iowa, and $195 nationally.

Area	Typical value	$ / sq ft
ZIP 50702	$152,000	$131
Waterloo, IA	$152,000	$131
Iowa	$212,000	$135
United States	$294,000	$195

Home value by size in 50702

Using this ZIP’s rate of about $131 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	$131,000
1,500 sq ft	$196,500
2,000 sq ft	$262,000
2,500 sq ft	$327,500
3,000 sq ft	$393,000

Salary needed to buy a home in ZIP 50702

To buy the typical $152,000 home in ZIP 50702 with 20% down, you need a household income of roughly $41,000 a year (about $960 a month for the mortgage, taxes, and insurance). With 10% down the bar rises to about $49,000, because the loan is bigger and mortgage insurance kicks in.

Down payment	Cash down	Monthly payment	Income needed
5% (+PMI)	$7,600	$1,200/mo	$51,000/yr
10% (+PMI)	$15,200	$1,150/mo	$49,000/yr
20%	$30,400	$960/mo	$41,000/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 50702

At about $131 per square foot, here is roughly how much home different budgets get you in ZIP 50702:

Budget	Approx. size	What that looks like locally
$150k	1150 sq ft	around the typical home here
$200k	1530 sq ft	above the median — larger homes or the pricier ZIPs
$250k	1910 sq ft	above the median — larger homes or the pricier ZIPs
$300k	2290 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 50702 home.

Estimate a specific home in 50702

The estimator below is pre-set to ZIP 50702 — 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 50702 sits among Waterloo’s 3 ZIP codes:

#	ZIP code	Typical value	$ / sq ft
1	50701	$190,000	$139
2	50702 (this page)	$152,000	$131
3	50703	$97,000	$103

ZIP 50702 home prices: frequently asked

What is the average home price in ZIP code 50702? +

The typical home in ZIP 50702 (Waterloo, IA) is worth about $152,000 as of 2026. That is about the same as the Waterloo median of $152,000 and 48% more affordable than the U.S. median of $294,000.

What is the price per square foot in 50702? +

About $131 per square foot in 50702, versus $131 across Waterloo and $135 across Iowa. At that rate a 1,500 sq ft home runs roughly $196,500 and a 2,500 sq ft home about $327,500.

What salary do you need to buy a house in ZIP 50702? +

For the typical $152,000 home in ZIP 50702, a household income of about $41,000 a year covers the payment with 20% down (a 30-year fixed at 6.5%, plus taxes and insurance, under the 28% rule). With 10% down you need roughly $49,000; with 5% down about $51,000.

Is 50702 an expensive ZIP code? +

Within Waterloo, 50702 ranks #2 of 3 ZIP codes by typical home value, which makes it a mid-priced ZIP code for Waterloo. Nationally it is relatively affordable.

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.