3-digit ZIP regional index
Home appreciation in ZIP codes 507xxWaterloo, IA area
FHFA HPI® data shows the regional home price index for ZIP codes beginning with 507 changed +1.9% over the year to Q2 2026, compared with +3.2% for Iowa and +3.0% for the United States.
The region covers ZIP codes 50701–50707. Most of its 2010 population lived in Black Hawk County (100%). Communities in the region include Evansdale, Elk Run Heights, Washburn, Hudson. This is a regional index, not a ZIP5, street, or individual-home estimate.
- 1-year change
- +1.9%
- 5-year change
- +35.1%
- Since Q1 1995
- +242%
- National rank (1 year)
- 668th
Year to Q2 2026
vs U.S. +41.3%
vs U.S. +292%
of 882 ZIP3 regions
ZIP3 507 vs Iowa and the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- ZIP3 507: 341.6
- Iowa: 312.1
- Waterloo-Cedar Falls, IA metro: 343.5
- United States: 391.6
Want a different starting year? Rebase this chart or compare with another ZIP3.
Appreciation by time window
| Window | ZIP3 507 | IA | U.S. | Gap vs IA | Gap vs U.S. |
|---|---|---|---|---|---|
| 1 year | +1.9% | +3.2% | +3.0% | −1.3 pts | −1.1 pts |
| 3 years | +12.0% | +13.1% | +12.9% | −1.2 pts | −0.9 pts |
| 5 years | +35.1% | +37.4% | +41.3% | −2.4 pts | −6.2 pts |
| 10 years | +60.2% | +70.6% | +93.3% | −10.4 pts | −33.1 pts |
| Since Q1 1995 | +242% | +212% | +292% | +29.5 pts | −50.0 pts |
If you bought in ZIP3 507 in…
Applying the regional index change from the same quarter of each year to Q2 2026 to an example $300,000 purchase price. Individual homes can differ widely from the regional average.
| Bought in | Index change | $300,000 then, at the regional rate |
|---|---|---|
| Q2 1995 | +247% | $1,041,675 |
| Q2 2000 | +144% | $730,956 |
| Q2 2005 | +80.2% | $540,535 |
| Q2 2010 | +71.2% | $513,658 |
| Q2 2015 | +58.2% | $474,686 |
| Q2 2020 | +46.0% | $437,967 |
| Q2 2021 | +35.1% | $405,219 |
| Q2 2023 | +12.0% | $335,912 |
| Q2 2025 | +1.9% | $305,728 |
How ZIP3 507 ranks
Over the past year ZIP3 507 ranks 668th of 882 3-digit ZIP regions nationally and 21st of 25 in Iowa. Its one-year change is −1.1 pts versus the nation and −1.3 pts versus Iowa. Rank 1 is the strongest appreciation.
| Window | National rank | Rank in Iowa |
|---|---|---|
| 1 year | 668th of 882 | 21st of 25 |
| 3 years | 638th of 882 | 19th of 25 |
| 5 years | 723rd of 882 | 18th of 25 |
| 10 years | 814th of 882 | 25th of 25 |
| Since Q1 1995 | 557th of 879 | 5th of 25 |
Boom, bust, and recovery in ZIP3 507
ZIP3 507's index peaked in Q4 2009, fell 3.1% to its low in Q1 2010, and regained its peak in Q3 2012, about 2.8 years after the top. Today it sits +67.4% versus that 2000s peak. How every state and ZIP region fared
| Area | 2000s peak | Low point | Peak to low | Back to peak | Today vs peak |
|---|---|---|---|---|---|
| ZIP3 507 | Q4 2009 | Q1 2010 | -3.1% | Q3 2012 (2.8 yrs) | +67.4% |
| IA | Q1 2009 | Q2 2011 | -2.5% | Q4 2012 (3.8 yrs) | +86.4% |
| Metro | Q2 2009 | Q1 2010 | -1.7% | Q3 2010 (1.2 yrs) | +73.0% |
| U.S. | Q1 2007 | Q2 2012 | -19.0% | Q4 2016 (9.8 yrs) | +89.3% |
Appreciation after inflation
Adjusting for consumer price inflation, ZIP3 507's index has changed +54.3% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | ZIP3 507 after inflation | IA after inflation | Metro after inflation | U.S. after inflation |
|---|---|---|---|---|---|
| 1 year | +3.9% | -1.9% | -0.6% | -1.2% | -0.8% |
| 3 years | +9.8% | +2.0% | +3.0% | +2.1% | +2.8% |
| 5 years | +24.0% | +8.9% | +10.8% | +10.5% | +13.9% |
| 10 years | +39.1% | +15.2% | +22.7% | +15.9% | +39.0% |
| Since Q1 1995 | +121% | +54.3% | +40.9% | +55.1% | +76.8% |
Estimate appreciation for a home in ZIP3 507
Regional estimate
$480,675
- Estimated gain
- $180,675
- Index change
- +60.23%
- Start index
- 213.20
- End index
- 341.60
ZIP3 507 (Waterloo, IA area), Q2 2016 to Q2 2026. Index type: Native 3-Digit ZIP index.
Nearby 3-digit ZIP regions
| 3-digit ZIP region | State | 1 year | 5 years | Since Q1 1995 |
|---|---|---|---|---|
| 506 · Cedar Falls, IA area | IA | +4.8% | +39.4% | +250% |
| 524 · Cedar Rapids, IA area | IA | +5.7% | +34.8% | +151% |
| 523 · Marion, IA area | IA | +6.1% | +38.1% | +183% |
| 522 · Iowa City, IA area | IA | +2.3% | +33.6% | +177% |
| 521 · Decorah, IA area | IA | +3.1% | +39.6% | +239% |
| 504 · Mason City, IA area | IA | +5.2% | +37.4% | +242% |
Recent quarterly index values
| Period | Index |
|---|---|
| Q2 2026 | 341.60 |
| Q1 2026 | 330.00 |
| Q4 2025 | 330.96 |
| Q3 2025 | 326.92 |
| Q2 2025 | 335.20 |
| Q1 2025 | 322.76 |
| Q4 2024 | 317.90 |
| Q3 2024 | 327.69 |
| Q2 2024 | 322.59 |
| Q1 2024 | 310.00 |
| Q4 2023 | 303.47 |
| Q3 2023 | 309.91 |
Frequently asked questions
- How much have home prices risen in ZIP codes starting with 507?
- Based on FHFA HPI® data for 3-digit ZIP region 507, the regional index changed +1.9% over the year to Q2 2026, +35.1% over five years, +60.2% over ten years, and +242% since Q1 1995.
- Is ZIP3 507 appreciating faster than Iowa and the U.S.?
- Over the past year the region's index +1.9% compares with +3.2% for Iowa and +3.0% for the U.S., a gap of −1.1 pts versus the nation. Over five years the gap versus the nation is −6.2 pts.
- Which ZIP codes are in 3-digit ZIP region 507?
- All ZIP codes that begin with 507. Census 2010 ZIP Code Tabulation Areas in this region run from 50701 to 50707 (4 areas). FHFA publishes one index for the whole 3-digit region, not for each 5-digit ZIP code.
- Can I use this to value my home?
- No. The FHFA HPI® is a broad regional index of average price movement. It is not an appraisal, tax assessment, or automated valuation of any individual property. Use it as general context alongside local sales and a professional opinion.