50703, Waterloo, IA

Waterloo, Iowa is located in the 50703 zip code. According to the 2010 census, Waterloo has a population of 25,812. The median household income was $59,711 and the median family income was $68,906. The percentage of families living below the poverty line was 2.5%.

The average home value in Waterloo is $184,000. Home values have increased by an average of 10% since 2007. In 2009, there were 1,814 homes sold in Waterloo and 1,946 homes were sold in 2010. The average price per square foot for homes sold in 2009 and 2010 was $119 and $133 respectively.

Waterloo has a relatively low unemployment rate of 3%. In addition, there are a number of businesses located in Waterloo including Microsoft Corporation (headquarters), Jabil Circuit Inc., Kimberly-Clark Corporation (headquarters), Medtronic plc., Abbott Laboratories Inc., and Eli Lilly & Co.. These businesses have helped to contribute to the increase in home values over the past few years.

One factor that may be contributing to the increase in home values is that many people are buying homes for investment purposes rather than for use as their primary residence. This trend may continue as long as interest rates remain low and housing prices remain high relative to incomes.