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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 $399,188, lower than the New Jersey average of $496,577.
The average cost of rent is $1,899/mo in Waterloo, primarily driven by the current value of real estate in the Waterloo area. In Waterloo, 10.54% of households rent, and 36.47% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Waterloo is $11,755 per month. Households that rent pay about 16.16% of their income on rent here. Waterloo’s most expensive areas are in the eastern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Stanhope, NJ: equally priced homes
- Netcong, NJ: less expensive homes
- Budd Lake, NJ: higher priced homes
- Andover, NJ: equally priced homes
- Panther Valley, NJ: equally priced homes
- Hopatcong, NJ: less expensive homes
- Andover Junction, NJ: equally priced homes
- Landing, NJ: higher priced homes
- Allamuchy, NJ: higher priced homes
- Ledgewood, NJ: higher priced homes
Cities with Similar Populations
- Showell, MD: equally priced homes
- Kossuth, IN: less expensive homes
- Kramer, IN: less expensive homes
- Krok, WI: less expensive homes
- La Clede, IL: less expensive homes
- La Jara, NM: less expensive homes
- La Mesilla, NM: less expensive homes
- La Plant, SD: less expensive homes
- Lagrange, AR: less expensive homes
- Lake Hill, NY: higher priced homes
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