Duplex
603 Iowa St · Cedar Falls, IA
Flood risk 1/10 · Minimal
- FEMA flood zone
- X (unshaded)
- Chance of flooding over 30 yrs
- 0.0%
- Est. flood insurance / yr
- $473 – $860
Fire risk 3/10 · Minor
- Est. fire insurance / yr
- $902 – $1,676
Heat risk 3/10 · Minor
- Hot days now (above 101°F)
- 7 days/yr
- Hot days in 30 yrs
- 15 days/yr
Wind risk 2/10 · Minimal
- Chance of severe wind over 30 yrs
- —
Air-quality risk 1/10 · Minimal
- Unhealthy air days now
- 0 days/yr
- Unhealthy air days in 30 yrs
- 0 days/yr
Risk factors via First Street. Map © Google.
Why this score? — see what drove the A- grade
The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).
- Cash flow +30.0/30.0
- ARV discount +15.0/15.0
- DSCR +10.0/10.0
- 1% rule +9.0/10.0
- Schools +7.4/10.0
- Livability +4.0/5.0
- Rent growth +3.0/5.0
- Condition / age +2.2/5.0
- Appreciation +0.0/10.0
$223,000
🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence
Multi-family units
County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 2 units. confirmed
Listing remarks MLS
Investment Opportunity! Duplex in Prime Cedar Falls Location – Walk to Downtown! This property is currently under lease for $1,650 a month so there is room to raise rents in the future. The current renter recently resigned a year lease so no need to find new tenants right away! Don't miss this rare opportunity to own a duplex just steps from vibrant downtown Cedar Falls! This versatile property offers two spacious units perfect for owner-occupants, investors, or multi-generational living. Upper Unit: 2 bright and airy bedrooms 1 full bathroom Comfortable living space with plenty of natural light Kitchen with functional layout Main Level Unit: 3 generously sized bedrooms 1 full bathroom Kitchen with great potential for updates Additional highlights include off-street parking, a shared backyard space, and a location that can’t be beat. You're just a short walk from Main Street shops, restaurants, parks, and entertainment. Whether you're looking to live in one unit and rent the other, or add a strong performer to your investment portfolio, this duplex offers flexibility in a fantastic location! Schedule your showing today!
Key facts
- Walk to downtown
- Off-street parking
- 4,950 sq ft lot
Tags
Neighborhood map
What this means for you Summary
Snapshot
- This is a 1×2bd/1ba + 1×3bd/1ba units multifamily listed at $223k. Condition is rated fair.
Deal economics
- At list price, monthly cash flow is $933 ($11k/yr) — positive. Per door: $466/mo.
- The deal already cash-flows at list — no discount required.
- Meets the 1% rule at list price ($3k rent vs $223k).
- Recommended offer: $196k (12.0% below list) — sets the bar for market timing.
- Cap rate 11.3% vs local median 3.1% in Cedar Falls — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.
Location & tenants
- Location reads 81/100 on livability (#60 in IA, #1,357 nationally) — a professional / high-income tenant draw. Strengths: cost of living A+, housing A+, health & safety A+; Watch: amenities D, commute F.
- Cedar Falls Community School District (urban): math 76% / reading 79% proficiency, ranked #45 of 289 in IA (top 16%) — strong family-tenant draw, lease renewals of 3-5y typical; only 18% free/reduced lunch — higher-income household profile.
- Zoned schools: Lincoln Elementary School (math 66% / reading 71%, grade B+, #266 of 616 statewide, top 43%, 453 students, 45% FRL); Holmes Junior High School (math 79% / reading 78%, grade A+, #44 of 246 statewide, top 19%, 639 students, 28% FRL); Cedar Falls High School (math 74% / reading 78%, grade A-, #75 of 336 statewide, top 23%, 1,302 students, 24% FRL).
- Market conditions: Rents rising (+2.0%/yr); 598 active listings in the ZIP; 34 comparable units currently listed for rent nearby; rentals leasing fast (median 6d on market — plan ~1-2 weeks tenant-placement turnaround); solid renter incomes; 287 units permitted in Black Hawk County in 2024 (67 in 5+ unit buildings).
Forward outlook
- Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k of value loss. Plan a longer hold.
- Black Hawk County population projected at +10% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
- At projected returns (-3.0% appreciation + 2.0% rent growth), your $62k cash investment doubles in ~8 years — after that, you're playing with house money.
Negotiation context
- It's been on market 365 days — a 12% lower offer ($196k) is reasonable based on typical stale-listing flexibility.
- 4 sale attempts since 3y ago; this cycle's ask is 24678% above the opening price — seller raised mid-cycle; expect resistance to lowballs.
- Current owner paid $173k; 29% above their basis — modest negotiation headroom, anchor on the comps not their cost.
Risks & watch-outs
- Watch-outs: built in 1917 — expect roof / HVAC / electrical / plumbing capex.
Questions for the listing agent
- It's been on market 365 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
- Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
- What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
- Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
- Built in 1917 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
- Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- Schools are A-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
- What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
- What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
- How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.
Investment metrics
- 1% rule
- 1.40% ✓
- Cap rate
- 11.31%
- Cash-on-cash
- 17.93%
- DSCR
- 1.80
- GRM
- 5.9
CMA / ARV
- ARV (median comp)
- $439,847
- List price
- $223,000
- Delta
- -49.30%
- Verdict
- UNDERPRICED
- Comps
- 1 within 2.0 mi
Show comp detail 12 sales within ~0.75 mi
| Address | Dist | Beds/Ba | Sqft | Sold | Price | $/sf | Match |
|---|---|---|---|---|---|---|---|
| 509 Fireside Dr | 1.11mi | 4/3.5 (+1) | 2,876 (+2%) | 1mo | $416,000 | $145 | 52 |
| 1111 Ellen St | 0.68mi | 4/2.0 (+1) | 2,976 (+6%) | 2mo | $339,900 | $114 | 51 |
| 1703 Clay St | 0.73mi | 4/2.5 (+1) | 2,993 (+6%) | 0mo | $401,500 | $134 | 50 |
| 927 W 14th St | 0.54mi | 4/3.0 (+1) | 3,380 (+20%) | 1mo | $352,600 | $104 | 42 |
| 1029 W 13 St | 0.51mi | 4/2.0 (+1) | 2,304 (-18%) | 2mo | $339,000 | $147 | 42 |
| 2310 Tremont St | 1.15mi | 3/2.5 | 2,291 (-19%) | 2mo | $283,000 | $124 | 38 |
| 2621 W 4th St | 1.29mi | 4/2.0 (+1) | 2,242 (-20%) | 2mo | $260,000 | $116 | 32 |
| 2012 Minnetonka Dr | 0.98mi | 2/2.0 (-1) | 2,200 (-22%) | 2mo | $275,000 | $125 | 31 |
| 711 Hearthside Dr | 1.06mi | 4/3.0 (+1) | 2,250 (-20%) | 2mo | $332,500 | $148 | 31 |
| 2329 Minnetonka Dr | 1.24mi | 4/3.5 (+1) | 3,415 (+21%) | 0mo | $405,000 | $119 | 31 |
| 2821 Covey Ct | 1.46mi | 4/3.5 (+1) | 3,304 (+17%) | 1mo | $440,000 | $133 | 30 |
| 2603 Minnetonka Dr | 1.31mi | 4/3.5 (+1) | 3,308 (+17%) | 2mo | $306,000 | $93 | 29 |
Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.
Projected returns pro-forma
-3.0% appreciation · 1.97% rent growth · sell at horizon
- IRR
- 8.3%
- Equity multiple
- 1.32×
- Total profit
- $20,122
- Equity at exit
- $33,250
- IRR
- 16.7%
- Equity multiple
- 2.30×
- Total profit
- $81,330
- Equity at exit
- $19,281
Cash invested: $62,440 (down + closing). Projections, not guarantees.
Landlord ↔ Tenant lean methodology
- Overall (STATE)
- 83 Strongly Landlord-Friendly
- State Iowa
- 83 Strongly Landlord-Friendly · R+6
- County
- — inherits STATE
- City
- — inherits STATE
ZIP-level market 50613
- Rents YoY
- 2.0%
- Active inventory
- 598
- Price-to-rent
- 12.3×
Monthly cashflow live
- Estimated rent
- $3,124 high interval (Pro) →
- Mortgage (P&I)
- −$1,169
- Tax from tax record
- −$273 /mo · $3,272/yr
- Insurance
- −$93
- HOA
- −$0
- Lot rent
- −$0
- Vacancy / Maint / Mgmt
- −$656
- Net cashflow
- $933
2-unit breakdown (identical units grouped — click to expand)
| Units | Beds | Baths | Est. rent |
|---|---|---|---|
| 1× unit | 2 | 1 | $1,508 |
| 1× unit | 3 | 1 | $1,616 |
| Total (2 units) | $3,124 | ||
Break-even live
Sensitivity live
| Price | -10% $1,059 | -5% $996 | +0% $933 | +5% $870 | +10% $807 |
|---|---|---|---|---|---|
| Rent | -10% $686 | -5% $810 | +0% $933 | +5% $1,056 | +10% $1,180 |
| Rate | -1.0pp $1,045 | -0.5pp $990 | base $933 | +0.5pp $875 | +1.0pp $816 |
UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt
Financing live
Cash to close
- Down payment
- $55,750
- Closing costs
- $6,690
- Club membership (one-time)
- —
- Reserves months
- —
- Total cash needed
- —
Loan-product check · same deal, 3 products live
Conventional
25% down · 7.5% · 30yr
- Cash invested
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Personal DTI + credit; lowest rate.
DSCR
20% down · 8.5% · 30yr
- Cash invested
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
No personal income docs; deal must DSCR.
Hard money
10% down · 12.0% · 12mo
- Cash invested
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Short-term bridge; refi at stabilization.
Rent comps 40 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 411 W 7th St Cedar Falls, IA | 2.0 | 1.0 | — | $950 | — | 5d | 1 | 0.10mi |
| 721 1/2 Olive St Cedar Falls, IA | 1.0 | 1.0 | — | $625 | — | 116d | 1 | 0.18mi |
| 615 College St Cedar Falls, IA | 2.0 | 2.0 | 936 | $2,000 | $2.14 | 5d | 1 | 0.22mi |
| 321 Clay St Cedar Falls, IA | 2.0 | 1.0 | 900 | $950 | $1.06 | 0d | 1 | 0.24mi |
| 210 Iowa St Unit 4 Cedar Falls, IA | 3.0 | 1.0 | 800 | $1,600 | $2.00 | 116d | 1 | 0.24mi |
| 820 Clay St Cedar Falls, IA | 2.0 | 2.0 | 1140 | $1,850 | $1.62 | 5d | 1 | 0.25mi |
| 828 Clay St Unit 828 Clay Cedar Falls, IA | 2.0 | 2.0 | 1140 | $1,850 | $1.62 | 5d | 1 | 0.26mi |
| 421 Washington St Unit 2 Cedar Falls, IA | 2.0 | 1.0 | 1200 | $1,400 | $1.17 | 5d | 1 | 0.26mi |
| 840 Clay St Cedar Falls, IA | 2.0 | 2.5 | 1478 | $2,295 | $1.55 | 5d | 1 | 0.27mi |
| 852 Clay St Cedar Falls, IA | 2.0 | 2.5 | 1478 | $2,295 | $1.55 | 5d | 1 | 0.27mi |
| 309 W 10th St Cedar Falls, IA | 3.0 | 1.5 | 852 | $1,300 | $1.53 | 139d | 1 | 0.28mi |
| 119 Tremont St Cedar Falls, IA | 2.0 | 1.0 | 1076 | $1,300 | $1.21 | 5d | 1 | 0.29mi |
| 1012 Clay St Unit 1012 Cedar Falls, IA | 2.0 | 1.0 | 1076 | $1,200 | $1.12 | 5d | 1 | 0.34mi |
| 611 W 12th St Apt A Cedar Falls, IA | 1.0 | 1.0 | — | $730 | — | 4d | 1 | 0.35mi |
| 716 Main St Unit 1A Cedar Falls, IA | 1.0 | 1.0 | 625 | $1,370 | $2.19 | 5d | 1 | 0.36mi |
| 200 W 1st St Cedar Falls, IA | 1.0–2.0 | 1.0–2.0 | 702 | $1,900 | $2.70 | 0d | 2 | 0.38mi |
| 703 State St Unit 123 Cedar Falls, IA | 3.0 | 1.0 | 1478 | $1,175 | $0.79 | 5d | 1 | 0.39mi |
| 201 Main St Unit 6 Cedar Falls, IA | 1.0 | 1.0 | — | $625 | — | 5d | 1 | 0.40mi |
| 1014 Main St Cedar Falls, IA | 2.0 | 1.0 | 1400 | $1,500 | $1.07 | 139d | 1 | 0.44mi |
| 1103 Main St Unit 1 Cedar Falls, IA | 2.0 | 1.0 | — | $1,200 | — | 5d | 1 | 0.44mi |
| 221 E 5th St #209 Cedar Falls, IA | 2.0 | 2.0 | 1200 | $2,000 | $1.67 | 139d | 1 | 0.45mi |
| 221 E 5th St #309 Cedar Falls, IA | 2.0 | 2.0 | 1115 | $1,650 | $1.48 | 5d | 1 | 0.45mi |
| 200 State St Cedar Falls, IA | 1.0 | 1.0 | 861 | $1,600 | $1.86 | 139d | 1 | 0.47mi |
| 300 State St Cedar Falls, IA | 2.0 | 1.0 | 1000 | $1,735 | $1.74 | 0d | 4 | 0.51mi |
| 1209 W 1st St Cedar Falls, IA | 2.0 | 1.0 | 672 | $1,350 | $2.01 | 3d | 1 | 0.54mi |
| 1323 W 2nd St Cedar Falls, IA | 3.0 | 2.0 | 1436 | $1,800 | $1.25 | 3d | 1 | 0.57mi |
| 1411 Main St Cedar Falls, IA | 3.0 | 1.0 | — | $1,350 | — | 139d | 1 | 0.61mi |
| 1100 Grove St #31 Cedar Falls, IA | 2.0 | 1.0 | 830 | $1,100 | $1.33 | 139d | 1 | 0.65mi |
| 1100 Grove St #2 Cedar Falls, IA | 2.0 | 1.0 | 830 | $1,000 | $1.20 | 139d | 1 | 0.65mi |
| 1612 W 7th St Cedar Falls, IA | 2.0 | 1.5 | 1200 | $1,175 | $0.98 | 5d | 1 | 0.65mi |
| 1604 College St Cedar Falls, IA | 2.0 | 1.0 | 993 | $1,300 | $1.31 | 5d | 1 | 0.66mi |
| 804 W 18th St Cedar Falls, IA | 3.0 | 1.0 | — | $1,200 | — | 5d | 1 | 0.77mi |
| 1320-1322 Delta Dr Unit 1322 (South Side) Cedar Falls, IA | 3.0 | 2.0 | 1664 | $1,350 | $0.81 | 139d | 1 | 0.85mi |
| 1330 Delta Dr Cedar Falls, IA | 3.0 | 2.0 | 1500 | $1,300 | $0.87 | 5d | 1 | 0.88mi |
| 1817 Alden Ave Cedar Falls, IA | 3.0 | 1.5 | 1566 | $1,350 | $0.86 | 5d | 1 | 0.88mi |
| 1823-1825 Alden Ave Unit 1825 Cedar Falls, IA | 2.0 | 1.0 | 1133 | $1,250 | $1.10 | 139d | 1 | 0.89mi |
| 1915 Main St Cedar Falls, IA | 2.0 | 1.0 | 960 | $1,050 | $1.09 | 139d | 1 | 0.89mi |
| 803 W 20th St Unit 4 Cedar Falls, IA | 1.0 | 1.0 | 800 | $750 | $0.94 | 5d | 1 | 0.91mi |
| 1902 Campus St Cedar Falls, IA | 3.0 | 2.0 | 1300 | $1,050 | $0.81 | 0d | 3 | 0.92mi |
| 1939 College St Cedar Falls, IA | 1.0–2.0 | 1.0 | 811 | $930 | $1.15 | 3d | 2 | 0.92mi |
Listing history 13 events
-
2026-06-03days on market $223,000 Active 365 DOM
-
2026-06-02days on market $223,000 Active 364 DOM
-
2026-06-01days on market $223,000 Active 363 DOM
-
2026-05-31days on market $223,000 Active 362 DOM
-
2026-05-30days on market $223,000 Active 361 DOM
-
2026-05-17$900
-
2026-05-06$800
-
2025-08-18price $223,000 1155-char remark
Show marketing remark (1155 chars)
Investment Opportunity! Duplex in Prime Cedar Falls Location – Walk to Downtown! This property is currently under lease for $1,650 a month so there is room to raise rents in the future. The current renter recently resigned a year lease so no need to find new tenants right away! Don't miss this rare opportunity to own a duplex just steps from vibrant downtown Cedar Falls! This versatile property offers two spacious units perfect for owner-occupants, investors, or multi-generational living. Upper Unit: 2 bright and airy bedrooms 1 full bathroom Comfortable living space with plenty of natural light Kitchen with functional layout Main Level Unit: 3 generously sized bedrooms 1 full bathroom Kitchen with great potential for updates Additional highlights include off-street parking, a shared backyard space, and a location that can’t be beat. You're just a short walk from Main Street shops, restaurants, parks, and entertainment. Whether you're looking to live in one unit and rent the other, or add a strong performer to your investment portfolio, this duplex offers flexibility in a fantastic location! Schedule your showing today!
-
2025-06-03$230,000 Active 1155-char remark
Show marketing remark (1155 chars)
Investment Opportunity! Duplex in Prime Cedar Falls Location – Walk to Downtown! This property is currently under lease for $1,650 a month so there is room to raise rents in the future. The current renter recently resigned a year lease so no need to find new tenants right away! Don't miss this rare opportunity to own a duplex just steps from vibrant downtown Cedar Falls! This versatile property offers two spacious units perfect for owner-occupants, investors, or multi-generational living. Upper Unit: 2 bright and airy bedrooms 1 full bathroom Comfortable living space with plenty of natural light Kitchen with functional layout Main Level Unit: 3 generously sized bedrooms 1 full bathroom Kitchen with great potential for updates Additional highlights include off-street parking, a shared backyard space, and a location that can’t be beat. You're just a short walk from Main Street shops, restaurants, parks, and entertainment. Whether you're looking to live in one unit and rent the other, or add a strong performer to your investment portfolio, this duplex offers flexibility in a fantastic location! Schedule your showing today!
-
2023-12-14historical $750
-
2023-10-27$750
-
2015-10-27soldstatus $173,000
-
2010-03-02soldstatus $97,000
ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot
backfill from property_details.listing_events for pre-trigger history.
Tax reassessment forecast IA · Partial reset (capped growth)
- Current annual tax
- $3,272 · $273/mo
- Projected year-2 tax
- $3,387 · $282/mo
- Expected delta
- +$115/yr (+$10/mo · 3.5%)
ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.
Climate risk First Street
- Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
- Wildfire 3/10 Moderate
- Heat 3/10 Moderate 7 d/yr ≥101°F today · 15 d/yr by 30 yrs out
- Wind 2/10 Low
- Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out
Nearby sold comps map
Loading sold comps map…
Walkable amenities ~0.75 mi
Loading nearby amenities…
Taxation est. · year 1
- Rental income
- $37,488
- − Mortgage interest
- −$12,491
- − Property taxes
- −$3,272
- − Insurance
- −$1,115
- − Repairs & maintenance
- −$2,999
- − Management
- −$2,999
- − Depreciation
- −$6,487
- Taxable income
- $8,124
- Est. tax owed @ 24.0%
- −$1,950
- After-tax cash flow
- $9,245/yr
For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.
Condition & rehab AI · 7 photos
This multi-family property requires significant exterior repairs and maintenance, including painting, roof repair, and new flooring. While it has potential, the current condition is not suitable for immediate resale or rental.
Components & finishes AI
Deferred maintenance Est. $2,500–$10,000 screening
- Minor Roof (roof) — No visible signs of damage or wear
- Minor Windows (windows) — No visible signs of damage or wear
- Minor Electrical (electrical) — No visible signs of damage or wear
- Minor Plumbing (plumbing) — No visible signs of damage or wear
- Minor Exterior (exterior) — No visible signs of damage or wear
Repairs flagged
- Major exterior siding — The siding is visibly weathered and peeling, indicating significant damage.
- Major roof — The roof shows discoloration and potential damage, which requires inspection and repair.
- Major front porch and deck flooring — The flooring appears worn and in need of replacement.
Value-add opportunities
- Resale painting and minor repairs to exterior — Fresh paint and minor repairs can enhance the home's curb appeal and attract potential buyers. ↑
- Both roof repair and replacement — A repaired or replaced roof is essential for the home's structural integrity and can significantly increase its value. ↑
- Both new flooring for front porch and deck — New flooring will improve the home's curb appeal and functionality, making it more attractive to both buyers and renters. ↑
ⓘ Rehab cost is a screening estimate — Moderate scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.
Zoned Schools
Schools (NCES district)
- District
- Cedar Falls Community School District
- NCES district ID
- 1906510
- Math proficiency
- 76% ▼ -6.00%
- Reading proficiency
- 79% ▼ -2.00%
- Median HH income
- $53,634
- Composite
- 65.93/100
- National rank
- #443
- State rank
- #45 of 289 in IA
Livability — Cedar Falls
- Score
- 81/100
- State rank
- #60
- US rank
- #1357
Category grades
Schools grade is shown separately in the Schools card above.
Census & demographics
- Census place
- Cedar Falls, IA
- County
- Black Hawk County · 139,716 people
- City population
- 43,867
- Metro
- Waterloo-Cedar Falls, IA
- Population (ZIP)
- 43,867
- Household income
- $78,503
- Rent vs Own
- Severe rent burden
- 10% of renters
Population outlook (Black Hawk County) Hauer SSP2
- Today (2025)
- 139,716 people
- By 2030
- 142,853 · +2.2%
- By 2040
- 147,843 · +5.8%
- By 2050
- 153,247 · +9.7%
- By 2075
- 167,977 · +20.2%
- By 2100
- 177,320 · +26.9%
Race, ethnicity, and origin ACS 2023
- Neighborhood character
- Predominantly White (90%)
- Race & ethnicity
- White 90% Asian 3% Two or more races 3% Hispanic / Latino 3% Black 1%
- Common ancestry
- Portuguese 6% Italian 3% Iranian 3%
- Foreign-born
- 4% · Canada, South Korea
- Languages at home
- 95% English-only · Spanish 2% Russian/Polish/Slavic 1% Other Indo-European 1%
Political lean MEDSL · Black Hawk
- 2024 margin
- Toss-up / Even · D 50.0% · R 48.8% · Other 1.2%
- 2008→2024 swing
- -21.3pp toward R · 2008: 22.4pp · 2024: 1.2pp
- All cycles
- 2024: D+1.2 2020: D+9.0 2016: D+7.3 2012: D+20.0 2008: D+22.4
Not yet ingested
- Civics
- —
Market trends
- HPI YoY
- ▼ -175.51%
- Current HPI
- 169.0591
- Rent YoY
- ▲ 1.97%
- Metro
- Waterloo-Cedar Falls, IA
- State GDP YoY
- ▲ 2.48%
- F500 in state
- 4
Industry mix (Fortune 500 HQ in IA)
| Industry | F500 HQs | Revenue |
|---|---|---|
| Financial Services | 1 | $16B |
|
||
| Retail / Convenience | 1 | $15B |
|
||
Price history
+129.9% since first listed8 events — show timeline
- 2026-05-17 Listed for Rent $900 APPFOLIO
- 2026-05-06 Listed for Rent $800 APPFOLIO
- 2025-08-18 Price Changed $223,000 NEIRBR as distributed by MLS GRID
- 2025-06-03 Listed $230,000 NEIRBR as distributed by MLS GRID
- 2023-12-14 Rental Removed $750 RENTEC
- 2023-10-27 Listed for Rent $750 RENTEC
- 2015-10-27 Sold (Public Records) $173,000 Public Records
- 2010-03-02 Sold (Public Records) $97,000 Public Records
Property tax history
+2.8%/yrLatest (2025): $3,272 · +2.9% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…