JeffCroweCRE

Housing market/Iowa/ZIP 50701

ACS 2023 · FY2027 SAFMR

ZIP 50701 Waterloo, Iowa

Waterloo-Cedar Falls, IA HUD Metro FMR Area · Iowa. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.

Population
29,745
Households
13,213
Median HH income
$62,857
Renter share
32.9%
Median gross rent
$846
Vacancy
9.1%
Pop. change
-4.4%
2BR SAFMR
$1,030
SAFMR / rent
1.217×
2–49 unit stock
3,380
LIHTC proj / units
5 / 288
HUD assisted MF
3 / 127

ZIP brief

Email this profile

HUD schedule, ACS stock, and the 90–110% band for ZIP 50701 · IA — sent to you.

ZIP 50701 · IA

By checking this box you agree that you may be referred to another real estate broker or related service and acknowledge that CENTURY 21 The Avenues licensees and/or affiliates may be paid a valuable consideration for facilitating such referral.

ACS rent vs 2BR SAFMR

ZIP 50701 — Waterloo, IA HUD Section 8 Payment Standards / SAFMR →
ACS median rent$846
2BR SAFMR$1,030
90% floor$927
110% ceiling$1,133

ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.

Housing stock

ACS 2023 units-in-structure · ZCTA 50701

  • 1-unit detached9,20563.4%
  • 1-unit attached7645.3%
  • 2–4 units8465.8%
  • 5–49 units2,53417.4%
  • 50+ units6154.2%
  • Mobile5663.9%
TypeUnitsShare
1-unit detached9,20563.4%
1-unit attached7645.3%
2 units (duplex)3292.3%
3–4 units5173.6%
5–9 units1,3419.2%
10–19 units8395.8%
20–49 units3542.4%
50+ units6154.2%
Mobile5663.9%

2–4 unit share 5.8% · 5–49 unit share 17.4% · combined 2–49 23.3%.

Units by bedrooms

Studio
308
1BR
1,748
2BR
4,671
3BR
5,412
4BR
1,859
5+
532

Rent burden

Rent ≥30% of income42.1%
Rent ≥50% of income29.7%
  • ACS median gross rent $846 (all bedrooms, occupied rentals).
  • Median contract rent $693.
  • Renters paying ≥30% of income 42.1%; ≥50% 29.7%.
  • FY2027 2BR SAFMR $1,030 (1.217× ACS median gross rent).

Population

29,745 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: -4.4%.

ACS 5-year estimates lag current construction. This is not a forecast.

Assisted inventory

  • LIHTC: 5 projects, 288 units.
  • HUD project-based assisted MF: 3 properties, 127 assisted units.
  • HCV household counts (Picture of Subsidized Households) are not on this page yet.

New apartment permits

About 283 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.

Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.

What the data shows

ZIP 50701 32.9% of occupied households are renters; vacancy is 9.1%; ACS median gross rent is $846; population changed -4.4% between the 2018 and 2023 ACS vintages; the housing stock includes 846 units in 2–4-unit structures and 2,534 units in 5–49-unit structures; 5 LIHTC projects totaling 288 units; FY2027 2BR SAFMR is $1,030 versus ACS median gross rent of $846. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.

Iowa research

ZIP 50701 is a Census / HUD profile for Waterloo-Cedar Falls, IA. Not a listing page. Brokerage is Georgia; out-of-state work is referral.

ZIP 50701 — Waterloo, IA HUD Section 8 Payment Standards / SAFMR·Iowa ZIP directory

Nearby ZIPs in this FMR area

ZIPPlaceRentersMed. rent2BR SAFMR
50623Waterloo-Cedar Falls, IA HUD Metro FMR Area0.0%—$1,01050624Waterloo-Cedar Falls, IA HUD Metro FMR Area9.7%$708$95050634Waterloo-Cedar Falls, IA HUD Metro FMR Area12.0%$815$95050642Waterloo-Cedar Falls, IA HUD Metro FMR Area14.9%$1,094$1,26050643Waterloo-Cedar Falls, IA HUD Metro FMR Area9.8%$1,090$1,15050657Waterloo-Cedar Falls, IA HUD Metro FMR Area8.5%—$95050667Waterloo-Cedar Falls, IA HUD Metro FMR Area8.2%$1,125$1,05050673Waterloo-Cedar Falls, IA HUD Metro FMR Area15.8%—$1,00050702Waterloo-Cedar Falls, IA HUD Metro FMR Area40.6%$926$1,14050703Waterloo-Cedar Falls, IA HUD Metro FMR Area42.3%$926$1,08050704Waterloo-Cedar Falls, IA HUD Metro FMR Area——$1,11050707Waterloo-Cedar Falls, IA HUD Metro FMR Area30.7%$922$1,050

Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is Iowa research. Brokerage is Georgia.

FAQ

What is the housing market like in ZIP 50701?

ZIP 50701 (Waterloo-Cedar Falls, IA HUD Metro FMR Area) has 29,745 residents, 13,213 households, a renter share of 32.9%, median household income of $62,857, and ACS 2023 median gross rent of $846. Vacancy is 9.1%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 50701?

ACS counts 329 units in 2-unit buildings, 517 in 3–4 unit buildings, 1,341 in 5–9, 839 in 10–19, and 354 in 20–49. Combined 2–49 unit stock is 3,380 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 50701?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,030. See the full schedule and 90–110% payment-standard band on the ZIP 50701 — Waterloo, IA HUD Section 8 Payment Standards / SAFMR.

Does this Iowa ZIP profile include Georgia listings?

No. ZIP 50701 is Census / HUD research for Waterloo-Cedar Falls, IA HUD Metro FMR Area. Jeff Crowe CRE does not list Iowa property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.