
Home Price Key
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 $739,458, higher than the California average of $648,235.
The average cost of rent is $1,268/mo in Waterloo, primarily driven by the current value of real estate in the Waterloo area. While nearly 48.94% of residents own their homes outright in Waterloo, 49.87% rent.
Housing affordability isn’t just about home prices, though. The average household income in Waterloo is $5,493 per month. Households that rent pay about 23.08% of their income on rent here. Waterloo's most expensive areas are in the central regions, while the cheapest areas are in the northwestern parts of the city.
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