Home Price Key
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Average
Expensive
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 $281,718, higher than the Michigan average of $196,062.
The average cost of rent is $1,260/mo in Waterloo, primarily driven by the current value of real estate in the Waterloo area. While nearly 32.67% of residents own their homes outright in Waterloo, 4.29% rent.
Housing affordability isn’t just about home prices, though. The average household income in Waterloo is $6,690 per month. Households that rent pay about 18.84% of their income on rent here. Waterloo's most expensive areas are in the southern regions, while the cheapest areas are in the northeastern parts of the city.
Nearby Cities
- Trist, MI: equally priced homes
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- Grass Lake, MI: less expensive homes
- Gregory, MI: equally priced homes
- Stockbridge, MI: less expensive homes
- Hell, MI: equally priced homes
- Lima Center, MI: equally priced homes
Cities with Similar Populations
- Hillsboro, KY: less expensive homes
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- Mount Crested Butte, CO: higher priced homes
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- McLain, MS: less expensive homes
- McGregor, IA: less expensive homes
- Maugansville, MD: less expensive homes
- Longbranch, WA: higher priced homes
- Lightfoot, VA: higher priced homes
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