RentDataNowRentDataNow
ZIP Code · IA

ZIP 50701

Part of Waterloo, IA
Pop. 30,232·Black Hawk County·47th most expensive ZIP in Iowa
Median rent (all units)
$937/mo
Year-over-Year
+13.0%
Month-over-Month
+1.3%
vs US Median
-$1,028
Rising (Monthly)
Be the first to discuss 50701 rents ↓
Most AffordableMost Expensive
ZIP 50701 · $937
More affordable than 99% of US ZIP codes · National median $1,965/mo
Rent check

Is your rent fair?

Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio
$680
1 BR
$750
2 BR
$980
3 BR
$1,270
4 BR+
$1,640
Research median
$980/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

Loading…

Last updated: July 20, 2026

Annual cost
$11,244/yr
At $937/mo median
Location
StateIA
CountyBlack Hawk County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 13.0% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+13.0% YoY, +1.3% MoM), not inventory.
Demographics

Who lives here

ZIP 50701 (Waterloo, IA) is majority owner-occupied, has a median income below the national average, 27.9% of residents hold a bachelor's degree or higher.

Population
30,232
Median income
$61,475
Median age
37.2
Renters
32.8%
Age distribution
23.4%
23.3%
22.6%
19.7%
Under 1823.4%
18–3423.3%
35–5422.6%
55–6411%
65+19.7%
Gender
48.8%
51.2%
Male48.8%
Female51.2%
Race & ethnicity
75.5%
12.5%
White75.5%
Black12.5%
Hispanic4.1%
Asian3.8%
Other4.1%
Education (25+)
31%
34.5%
27.9%
No HS diploma6.5%
HS diploma31%
Some college34.5%
Bachelor's+27.9%
Housing tenure
67.2%
32.8%
Owner67.2%
Renter32.8%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 50701 in Waterloo, IA has changed in 5 years

Income
$55,855 → $61,475
up 10.1%
Population
30,194 → 30,232
up 0.1%
Renter share
34.5% → 32.8%
-1.7 pts
Bachelor's+
30.7% → 27.9%
-2.8 pts
Median age
38.2 → 37.2
-1.0 yrs

On the earnings side, the typical household in ZIP 50701 in Waterloo, IA now reports about $61,475, up from $55,855 in 2021. Renters now make up 32.8% of households, compared with 34.5% five years ago. College-educated residents now make up 27.9% of adults here, versus 30.7% in 2021.

Community

Discussions about ZIP 50701

No discussions yet. Start the conversation.

Local insights

Tips for renters in ZIP 50701

About renting in ZIP 50701

Last updated: July 20, 2026

ZIP code 50701 covers Waterloo, IA. The median rent here is $937/mo as of July 2026. A 1-bedroom rents for a median of $750/mo. A 2-bedroom rents for a median of $980/mo.

At 18% of local median household income ($61,475/yr), ZIP 50701 ranks as affordable compared to the national benchmark of 30%. Rents have increased 13.0% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 50701?

As of July 20, 2026, the median monthly rent in ZIP 50701 (Waterloo, IA) is $937. This is based on aggregated data from public sources and community submissions.

How does ZIP 50701 rent compare to the US average?

ZIP 50701's median rent of $937/mo is $1,028 (52%) below the US national median of $1,965/mo.

How does ZIP 50701 compare to other ZIPs in Iowa?

ZIP 50701 is among the more affordable ZIP codes in Iowa, ranking #47 out of 55 ZIPs at $937/mo.

How much income do you need to rent in ZIP 50701?

To keep rent at or below 30% of gross income, you would need to earn at least $37,000/year (~$18/hour full-time) to afford the median rent of $937/mo in ZIP 50701. The local median household income is $61,475/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 50701?

Rent in ZIP 50701 has increased 13.0% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 50701 an affordable place to rent?

ZIP 50701 is considered very affordable for renters. At $937/mo, rent takes approximately 18% of the local median household income ($61,475/yr). The standard benchmark is 30%. ZIP 50701 falls comfortably within that range.

What percentage of ZIP 50701 residents rent vs. own?

According to Census data, approximately 32.8% of ZIP 50701 households are renters, while 67.2% are owner-occupied. ZIP 50701 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 50701 compare to the rest of Waterloo?

ZIP 50701 is pricier than Waterloo as a whole. At $937/mo, it's $39 above the Waterloo citywide median of $898/mo.

When was rent data for ZIP 50701 last updated?

Rent data for ZIP 50701 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
18%
VERY AFFORDABLE

At $937/mo, rent takes ~18% of ZIP 50701's median household income ($61,475/yr). The standard benchmark is 30%.

ZIP 50701 18%Benchmark 30%
State income tax3.8%
Compare

How does this area stack up?

Pick another city or ZIP to compare.

Schools nearby

Public schools near ZIP 50701 (Waterloo, IA)

Recent submissions

Be the first to submit your rent for this ZIP.

Recent discussions

No discussions yet.