Rental numbers for Black Hawk County, IA
The typical home here runs -$657 a month at 7.78% with 25% down. 0 of 4 ZIP codes with full Zillow data in this county are cash-flow positive; the median gross yield is 6.9%.
- Gross yield
- 6.5%
- typical home, Zillow
- Median ZIP yield
- 6.9%
- 4 ZIPs with full data
- Cash flow
- -$657/mo
- at 7.78%, 25% down
- Typical price
- $188,000
- Zillow ZHVI, Aug 2026
- Typical rent
- $1,011/mo
- Zillow ZORI, Aug 2026
ZIP codes in Black Hawk County
11 with published figures
| 50703Waterloo | $96,000 | $882 | 11.0% | 5.3% | -$94 | +6.2% |
| 50707Evansdale | $158,000 | $1,000* | 7.6% | 3.3% | -$417 | n/a |
| 50702Waterloo | $151,000 | $875 | 7.0% | 2.4% | -$513 | +4.2% |
| 50701Waterloo | $188,000 | $1,083 | 6.9% | 2.5% | -$618 | +4.5% |
| 50613Cedar Falls | $269,000 | $1,221 | 5.5% | 1.8% | -$1,050 | +4.3% |
| 50634Gilbertville | $215,000 | $920* | 5.1% | 1.2% | -$943 | n/a |
| 50667Raymond | $244,000 | $1,020* | 5.0% | 1.4% | -$1,020 | n/a |
| 50643Hudson | $280,000 | $1,150* | 4.9% | 1.4% | -$1,186 | n/a |
| 50651La Porte City | $242,000 | $950* | 4.7% | 1.1% | -$1,091 | n/a |
| 50626Dunkerton | $240,000 | $920* | 4.6% | 1.1% | -$1,067 | n/a |
| 50648Jesup | $273,000 | $980* | 4.3% | 0.7% | -$1,303 | n/a |
* HUD Fair Market Rent, 2 bedroom, where Zillow publishes no rent index. Conservative.
Trends
Five years to August 2026
- Price, 12 months
- +0.9%
- Rent, 12 months
- +4.4%
- Rent minus price growth
- +3.6 pts
- Property tax
- 1.50%
- effective rate, ACS 2024
Show the numbers
| Month | Typical value | Rent |
|---|---|---|
| Aug 2021 | $149,523 | $803 |
| Aug 2022 | $163,617 | $848 |
| Aug 2023 | $172,910 | $899 |
| Aug 2024 | $179,023 | $933 |
| Aug 2025 | $186,514 | $968 |
| Aug 2026 | $188,128 | $1,011 |
HUD Fair Market Rent
FY2027, Waterloo-Cedar Falls, IA HUD Metro FMR Area
| Bedrooms | Studio | 1 bed | 2 bed | 3 bed | 4 bed |
|---|---|---|---|---|---|
| Fair Market Rent | $763 | $838 | $1,096 | $1,401 | $1,832 |
The 40th percentile gross rent for a standard unit, set by HUD each October and used for Section 8 payment standards. It runs below market rent; Zillow's index is shown above where it exists.
Supply
- Permits per 1,000 households
- 7.1
- 389 units, last 12 months
- National percentile
- 60th
- among US counties
Tools
Test a listing in Black Hawk County against today's rate.
Open the calculatorPart of the Waterloo, IA metro.
Questions
- Is Black Hawk County good for rental property?
- The typical home here runs -$657 a month at 7.78% with 25% down. 0 of 4 ZIP codes with full Zillow data in this county are cash-flow positive; the median gross yield is 6.9%. The figures use a typical home, 7.78% with 25% down and default costs shown on each ZIP page. They describe the market, not any one property.
- What is the property tax rate in Black Hawk County?
- About 1.50% of value, from Census ACS median taxes paid over median home value. On a $188,000 home that is about $2,829 a year.
- What is Fair Market Rent in Black Hawk County?
- HUD's FY2027 Fair Market Rent here is $838 for a 1-bedroom, $1,096 for a 2-bedroom and $1,401 for a 3-bedroom. Typical cash flow at today's rate is -$657 a month.
Sources and method
- Zillow Home Value Index (ZHVI), mid tier, smoothed and seasonally adjusted
Zillow Research. Read: 2026-08.
Typical home value by ZIP, county, metro and state, and the price trend.
- Zillow Observed Rent Index (ZORI), all homes plus multifamily, smoothed
Zillow Research. Read: 2026-08.
Typical market rent by ZIP, county and metro, and the rent trend (tier A pages).
- HUD Small Area Fair Market Rents, FY2026
US Department of Housing and Urban Development. Read: FY2026.
Rent by bedroom count for every ZIP. The rent used on tier B pages, and a reference on all pages. It is the 40th percentile gross rent, so it runs below market.
- HUD Fair Market Rents by county, FY2027
US Department of Housing and Urban Development. Read: FY2027.
County rent by bedroom count on county pages.
- American Community Survey 5-year estimates, 2020 to 2024 (B25103 median real estate taxes paid, B25077 median home value, B11001 households)
US Census Bureau. Read: 2020 to 2024.
Effective property tax rate (median taxes paid divided by median value) by ZIP code tabulation area, county and state; households for the permits ratio.
- Freddie Mac Primary Mortgage Market Survey, 30-year fixed (FRED series MORTGAGE30US)
Freddie Mac via the Federal Reserve Bank of St. Louis. Read: 2026-09-24.
The weekly 30-year rate. The site adds a disclosed investor premium to it for the loan payment.
- Building Permits Survey, county monthly files
US Census Bureau. Read: 2025-09 to 2026-08.
New housing units permitted in the last 12 months per 1,000 households, a supply-pressure signal.
Data: Zillow Research (ZHVI, ZORI), HUD, US Census Bureau, Freddie Mac. Every formula is on the methodology page.
Estimates from public data for a typical property. Not investment, tax or legal advice. Your property, financing and costs will differ.