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Affordable
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These days, finding an affordable place to live in the Waterloo area can be challenging. Home prices in Waterloo are now at a median cost of $211,427, lower than the Alabama average of $228,911.
The average cost of rent is $711/mo in Waterloo, primarily driven by the current value of real estate in the Waterloo area. In Waterloo, 5.58% of households rent, and 71.57% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Waterloo is $5,308 per month. Households that rent pay about 13.39% of their income on rent here. Waterloo’s most expensive areas are in the central regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Wright, AL: higher priced homes
- Gravelly Springs, AL: less expensive homes
- Walnut Grove, TN: less expensive homes
- Threet, AL: less expensive homes
- Lane Springs, AL: less expensive homes
- Riverton, AL: less expensive homes
- Rhodesville, AL: less expensive homes
- Lutts, TN: less expensive homes
- Lime Kiln, AL: less expensive homes
- Lowryville, TN: less expensive homes
Cities with Similar Populations
- Hartwood, VA: higher priced homes
- Sheffield, IA: less expensive homes
- Santa Clara Pueblo, NM: less expensive homes
- Salisbury, VT: higher priced homes
- Sageeyah, OK: higher priced homes
- Kermit, WV: less expensive homes
- Hueysville, KY: less expensive homes
- Hope, MS: less expensive homes
- Holmansville, NJ: higher priced homes
- Holiday Lakes, TX: less expensive homes
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