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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 $177,382, lower than the Indiana average of $232,932.
The average cost of rent is $848/mo in Waterloo, primarily driven by the current value of real estate in the Waterloo area. In Waterloo, 11.73% of households rent, and 38.89% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Waterloo is $6,526 per month. Households that rent pay about 12.99% of their income on rent here. Waterloo’s most expensive areas are in the northwestern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Moore, IN: higher priced homes
- Auburn, IN: higher priced homes
- Corunna, IN: higher priced homes
- Ashley, IN: less expensive homes
- Steubenville, IN: higher priced homes
- Auburn Junction, IN: higher priced homes
- Fairfield Center, IN: higher priced homes
- Island Park, IN: higher priced homes
- Butler, IN: less expensive homes
- Garrett, IN: less expensive homes
Cities with Similar Populations
- Brightwaters, NY: higher priced homes
- Ridgway, CO: higher priced homes
- Lead, SD: higher priced homes
- Linn, MO: equally priced homes
- Lionville, PA: higher priced homes
- Luck, WI: higher priced homes
- Mattapoisett Center, MA: higher priced homes
- National Park, NJ: higher priced homes
- New Hampton, NY: higher priced homes
- Parchman, MS: less expensive homes
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