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Black Hawk County, IA

RANK #383 / 996  ·  POP 131,041  ·  IA

PROJECTED GROWTH: +1.2%

Black Hawk County's economy is holding up, but population decline raises questions about long-term trajectory.

[01] Why Black Hawk County?

Black Hawk County, Iowa, is distinguished by the Cedar River, which flows through its center and shapes a landscape of level floodplains and integrated drainage networks. Located in northeastern Iowa, the county seat of Waterloo is approximately an hour and a half drive northeast of Des Moines. The community offers a blend of urban amenities, particularly in its larger cities of Waterloo and Cedar Falls, alongside accessible natural spaces. Commute times are generally short, averaging around 15.9 minutes. The county also maintains over 9,000 acres of public land, including parks, wetlands, and an extensive trail system for biking, birdwatching, and kayaking.

Life in Black Hawk County balances urban convenience with Midwestern character. The area attracts families and young professionals, supported by above-average public schools and institutions like the University of Northern Iowa. The economy is diverse, with a workforce employed across sectors such as manufacturing, healthcare, and retail. Recent economic developments in the county have focused on attracting investment in various industries, including advanced manufacturing and logistics.

[02] Market Snapshot

Housing Ratio
3.0x

Undervalued relative to economy

GDP Growth
-2.6%

Contracting economy

Home Prices
+2.7%

Outpacing national median

Climate & Terrain
-3.1

Harsh climate or flat terrain

Price/Rent
13x

Below national median (13x)

Housing looks undervalued at 3.0x — home prices are low relative to local economic output. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

Black Hawk County U.S. National

The Numbers

DEMOGRAPHICS
Population
131,041
-0.27% YoY
Median Household Income
$62,329
Median Home Value
$172,500
+2.66% 12mo
Median Rent
$932
Average Annual Pay
$59,631
+0.9% YoY
Employment
70,886
-1.6% YoY
Income-to-Home-Value
0.3613
More affordable than average
Migration Inflow
4.46%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$196,000
Days on Market
52
Moderate pace
Months of Supply
3.0
Balanced market
Sale-to-List Ratio
96.6%
Negotiation room for buyers
Sold Above List
16.5%
Listings w/ Price Drops
20.1%
Building Permits (2024)
289
Single-Family Permits
166

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Capital Investment

$314M
TOTAL
PROJECT AMOUNT STATUS
Electrifarm Natural Gas Plant
MidAmerican Energy Co.
$264M Operating
Audubon Heights Master-Planned Community
Skogman Homes
$50M Under Construction
Tyson Fresh Meats Pork Processing Plant
Tyson Fresh Meats, Inc.
Operating

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[06] Score Breakdown

GDP Growth -2.6% 2 percentile
Population Growth -0.3% 17 percentile
Income Growth +9.0% 63 percentile
Vacancy Rate 1.4% 28 percentile
Home Price Change +2.7% 68 percentile
Rent Growth +2.9% 48 percentile
Price/Rent 13x 55 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

Is Black Hawk County, IA a good place to move to?

Black Hawk County has a Boom Town Index score of 62/100, ranking #383 among 996 U.S. counties. With job growth at -1.6% and a median household income of $62,329, it's an above-average county on economic indicators.

Is Black Hawk County affordable?

The median home value in Black Hawk County is $172,500 with median rent at $932/month. The income-to-home-value ratio is 0.3613, which is more affordable than the national average.

Is Black Hawk County growing or shrinking?

Population growth: -0.3% year-over-year. Job growth: -1.6%. Home values changed +2.7% in the past 12 months.

Are people moving to Black Hawk County?

Yes — 4.46% of Black Hawk County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

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