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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 $157,127, lower than the Iowa average of $226,062.
The average cost of rent is $956/mo in Waterloo, primarily driven by the current value of real estate in the Waterloo area. In Waterloo, 37.37% of households rent, and 39.28% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Waterloo is $5,131 per month. Households that rent pay about 18.63% of their income on rent here. Waterloo’s most expensive areas are in the southwestern 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
- Evansdale, IA: equally priced homes
- Elk Run Heights, IA: higher priced homes
- Orange, IA: higher priced homes
- Raymar, IA: higher priced homes
- Cedar Falls, IA: higher priced homes
- Raymond, IA: higher priced homes
- Hudson, IA: higher priced homes
- Dewar, IA: higher priced homes
- Gilbertville, IA: higher priced homes
- North Cedar, IA: higher priced homes
Cities with Similar Populations
- Van Etten, NY: equally priced homes
- Vernon, ID: higher priced homes
- Valley-Hi, TX: higher priced homes
- Verden, OK: less expensive homes
- Vera, VA: higher priced homes
- Vernon, VT: higher priced homes
- Valley Springs, SD: higher priced homes
- Venus, FL: higher priced homes
- Volt, MT: higher priced homes
- Ventura, CA: higher priced homes
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