ZIP Code 50703 — Waterloo, IA Home Prices (2026)
The typical home in ZIP 50703 (Waterloo, Iowa) is worth about $97,000 at roughly $103 per square foot — 36% more affordable than the Waterloo median and 67% more affordable than the typical U.S. home.
How 50703 compares
ZIP 50703 is one of the more affordable ZIP codes in Waterloo: its typical home value of $97,000 ranks #3 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 $103, against $131 for Waterloo as a whole, $135 for Iowa, and $195 nationally.
| Area | Typical value | $ / sq ft |
|---|---|---|
| ZIP 50703 | $97,000 | $103 |
| Waterloo, IA | $152,000 | $131 |
| Iowa | $212,000 | $135 |
| United States | $294,000 | $195 |
Home value by size in 50703
Using this ZIP’s rate of about $103 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 | $103,000 |
| 1,500 sq ft | $154,500 |
| 2,000 sq ft | $206,000 |
| 2,500 sq ft | $257,500 |
| 3,000 sq ft | $309,000 |
Salary needed to buy a home in ZIP 50703
To buy the typical $97,000 home in ZIP 50703 with 20% down, you need a household income of roughly $26,000 a year (about $620 a month for the mortgage, taxes, and insurance). With 10% down the bar rises to about $31,000, because the loan is bigger and mortgage insurance kicks in.
| Down payment | Cash down | Monthly payment | Income needed |
|---|---|---|---|
| 5% (+PMI) | $4,900 | $770/mo | $33,000/yr |
| 10% (+PMI) | $9,700 | $730/mo | $31,000/yr |
| 20% | $19,400 | $620/mo | $26,000/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 50703
At about $103 per square foot, here is roughly how much home different budgets get you in ZIP 50703:
| Budget | Approx. size | What that looks like locally |
|---|---|---|
| $150k | 1460 sq ft | above the median — larger homes or the pricier ZIPs |
| $200k | 1940 sq ft | above the median — larger homes or the pricier ZIPs |
| $250k | 2430 sq ft | above the median — larger homes or the pricier ZIPs |
| $300k | 2910 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 50703 home.
Estimate a specific home in 50703
The estimator below is pre-set to ZIP 50703 — 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 50703 sits among Waterloo’s 3 ZIP codes:
ZIP 50703 home prices: frequently asked
What is the average home price in ZIP code 50703? +
What is the price per square foot in 50703? +
What salary do you need to buy a house in ZIP 50703? +
Is 50703 an expensive ZIP code? +
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.