The story of this market
The typical home in ZIP 50618 sells for about $332,000, or $174 per square foot.
Prices are up +2.1% from a year ago, so sellers still have some momentum. Homes take about 50 days to sell. HUD's fair market rent for a two-bedroom is $1,500 a month.
ZIP 50618
The Cedar Falls housing market shows steady growth with a median listing price of $332,000 and a low inventory environment. Strong demand from university-related professionals and a stable local economy continue to drive price appreciation and maintain a competitive market.
This area is well-suited for families, university-affiliated professionals, and those seeking a stable, mid-sized community with strong educational amenities.
Median prices moved up 2.1% year over year.
Homes spend a median of 50 days on market with 5.2 months of supply — a balanced-paced market.
25% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.2% · poverty 15.7% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 7.4%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 4.6%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 50618, Black Hawk County IA
The area is served by the Cedar Falls Community School District, which is generally regarded for its strong academic performance and community engagement.
The region is subject to standard Midwestern weather risks, including potential for severe thunderstorms and occasional flooding near the Cedar River.
Economic momentum is driven by the University of Northern Iowa and a diverse mix of manufacturing and service-sector employers in the Cedar Valley region.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Iowa) — Iowa Property Tax Assessment Limitation: The taxable value is determined by applying an assessment limitation (rollback) to the assessed market value. The limitation is calculated annually to restrict the growth in aggregate taxable value for the residential class to 3% statewide.
Residents typically enjoy short commute times within the Cedar Falls-Waterloo metropolitan area, with easy access to major regional highways.
The area features extensive trail systems, proximity to the Cedar River for water recreation, and several public parks and golf courses.
The rental market is influenced by the university student population, maintaining steady demand and moderate vacancy rates.
The economy is anchored by the University of Northern Iowa, manufacturing, and healthcare services, providing a stable employment base.
The city is served by a network of regional highways and local bus transit, facilitating efficient movement within the Cedar Valley.
Ongoing development focuses on expanding residential housing stock and enhancing downtown commercial districts.
Parcels are subject to school district levies and local municipal utility assessments.
Standard property insurance coverage is available, with premiums reflecting regional weather-related risk profiles.
Data retrieved from U.S. Census Bureau QuickFacts and ACS 5-year estimates.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
Major regional anchor providing cultural and athletic events.
Extensive trail system for cycling and walking.
Large state park offering camping, fishing, and hiking.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.