Waterloo appreciation rates and housing market information

Waterloo housing market information

With 68,636 people, 29,479 houses or apartments, and a median cost of homes of $108,613, house prices in Waterloo are solidly below the national average.

single-family detached homes are the single most common housing type in Waterloo, accounting for 70.20% of the city's housing units. Other types of housing that are prevalent in Waterloo include large apartment complexes or high rise apartments (15.28%), duplexes, homes converted to apartments, or other small apartment buildings (7.55%), mobile homes or trailers (4.03%), and a few row houses and other attached homes (2.94%).

Dwellings in Waterloo tend to be quite small (one, two, or no bedrooms) and owner-occupied. In fact, 51.11% of the homes in Waterloo have two or fewer bedrooms.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Waterloo's housing was primarily built during this period, from the '40s through the '60s. A full 47.22% of the city's housing hails from this era. Other housing ages represented in Waterloo include homes built between 1970-1994 (25.20%), and housing constructed from 1939 and earlier (24.87%). There's also some housing in Waterloo built between 1995 and later (2.71%).

Waterloo home appreciation rates

Waterloo's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Waterloo during the period has been just 4.61%, which is lower than % of US communities.

NeighborhoodScout's data show that during the latest twelve months, Waterloo home appreciation rates, at 0.39%, have been at or slightly above the national average. In the latest quarter, Waterloo's appreciation rate has been -0.38%, which annualizes to a rate of -1.52%.

Relative to Iowa, our data show that Waterloo's latest annual appreciation rate is higher than 5% of the other cities and towns in Iowa.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Waterloo differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Waterloo - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 1990, to assist you in making the best Waterloo real estate investment or home purchase decisions.