Waterloo, Iowa Real Estate & Housing Market

Waterloo, IA Listings

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Waterloo Housing Information

Index	Waterloo	Iowa	National
Median home price	$106,800	$132,800	$184,700
Median rent asked	$685	$715	$949
Avg. people per household	2.3	2.4	2.6
Owner occupied households	63.1%	71.1%	63.6%
Renter occupied households	36.9%	28.9%	36.4%

Above, you'll find an overview of the real estate market in Waterloo, IA. Generally, real estate in the Waterloo, IA area is more affordable in Iowa, as the median price of a home in Waterloo, IA is $106,800, which is 20% lower than the Iowa average. The median rental price in Waterloo, IA is $685. This is 4% lower than the average rental price in Iowa. Home owners comprise 63.1% of the population of Waterloo, IA, where an average of 2.3 people live in each home. Various real estate options from luxurious homes to affordable condos and urban townhomes are available in Waterloo, IA. Below, you can search for real estate listings in Waterloo, IA using our search functionality that allows you to personalize your search and filter out location, price, and number of bedrooms and bathrooms.

Waterloo Home Affordability

When searching for real estate in Waterloo, IA, home affordability is a critical aspect. The ratio of the house price to the median household income is one method used to figure out home affordability. In Waterloo, IA, the median house price is $106,800, while the median income for households in the area is $44,146. Therefore, the ratio of house price to income is 2.4x; this ratio is 1% lower than the average in Iowa. The calculation for the ratio of home affordability requires dividing the median household income by the median house price. The lower the aforementioned ratio, the more affordable homes are - when comparing the house price to the household income. However, there are more factors that come into play in terms of home affordability. The calculator below determines home affordability, and it can help you decide how much money you can afford to pay for real estate in Waterloo, IA.

Nearby cities with low home prices

City, State	Population	Home Price	National Avg.
New Hartford, IA	621	$80,200	57%
Washburn, IA	888	$92,300	50%
Evansdale, IA	4,794	$105,200	43%
La Porte City, IA	2,403	$116,400	37%
Reinbeck, IA	1,765	$119,800	35%
Waterloo, IA	68,357	$106,800	42%

Cities with similar population

City, State	Population	Home Price	National Avg.
St. Charles, MO	68,341	$179,200	3%
Jacksonville, NC	68,404	$150,800	18%
Frederick, MD	68,229	$245,500	33%
Mount Vernon, NY	68,217	$357,800	94%
Pasco, WA	68,567	$166,400	10%
Waterloo, IA	68,357	$106,800	42%

Source: The Waterloo, IA housing data displayed above is derived from the 2016 United States Census Bureau American Community Survey (ACS).