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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 $270,721, higher than the Kansas average of $243,949.
The average cost of rent is $985/mo in Waterloo, primarily driven by the current value of real estate in the Waterloo area. In Waterloo, 20.47% of households rent, and 46.53% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Waterloo is $7,442 per month. Households that rent pay about 13.24% of their income on rent here. Waterloo’s most expensive areas are in the central regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Murdock, KS: equally priced homes
- Pretty Prairie, KS: less expensive homes
- Mount Vernon, KS: equally priced homes
- Varner, KS: less expensive homes
- Cheney, KS: less expensive homes
- Kingman, KS: less expensive homes
- Garden Plain, KS: higher priced homes
- Haven, KS: less expensive homes
- Lerado, KS: less expensive homes
- Calista, KS: less expensive homes
Cities with Similar Populations
- Margerum, AL: less expensive homes
- Locum, MS: less expensive homes
- Locust Run, PA: less expensive homes
- Lodgepole, SD: less expensive homes
- Lodoga, CA: less expensive homes
- Loman, MN: less expensive homes
- Lone Star, AZ: less expensive homes
- Lone Tree, ND: less expensive homes
- Lorenz Park, NY: equally priced homes
- Lower Elk Creek, VA: less expensive homes
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