Waterloo, IA


Highest Appreciating Waterloo Neighborhoods Since 2000

Waterloo, IA Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Waterloo Housing Market Information

With 68,460 people, 28,430 houses or apartments, and a median cost of homes of $102,366, 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 67.05% of the city's housing units. Other types of housing that are prevalent in Waterloo include large apartment complexes or high rise apartments ( 17.18%), duplexes, homes converted to apartments or other small apartment buildings ( 8.25%), and a few row houses and other attached homes ( 4.17%).

People in Waterloo primarily live in small (one, two or no bedroom) single-family detached homes. Waterloo has a mixture of owner-occupied and renter-occupied housing.

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 41.93% of the city's housing hails from this era. Other housing ages represented in Waterloo include homes built between 1970-1999 ( 26.16%) and housing constructed before 1939 ( 25.18%). There's also some housing in Waterloo built between 2000 and later ( 6.73%).

Waterloo Home Appreciation Rates

Appreciation rates for homes in Waterloo have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 4.85%, which ranks in the top 40% nationwide. This equates to an annual average Waterloo house appreciation rate of 0.47%.

Over the last year, Waterloo appreciation rates have trailed the rest of the nation. In the last twelve months, Waterloo's appreciation rate has been 0.36%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Waterloo were at -3.60%, which equates to an annual appreciation rate of -13.63%.

Notably, Waterloo's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Iowa, our data show that Waterloo's latest annual appreciation rate is lower than 90% 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 2000, to assist you in making the best Waterloo real estate investment or home purchase decisions.

Average Home Values


Median Home Value:


Value Range
> $1,022,000 0.4
$766,001 - $1,022,000 0.0
$511,001 - $766,000 0.2
$409,001 - $511,000 0.4
$306,001 - $409,000 1.7
$204,001 - $306,000 7.4
$102,001 - $204,000 38.1
$51,001 - $102,000 38.4
$0 - $51,000 13.5

Low for IA
Low for Nation

Value Relative to Nation Value Relative to State
76.0928161256299 72.8395061728395

Number Of Homes And Apartments:

Waterloo Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
37.52% 1.86% 4 4
* 10 is highest

Rent & Ownership


Average Market Rent:
$795 / per month

Homeownership Rate

Owners 63.16
Renters 36.84
Vacant 8.25

Housing Market Details


Age of Homes

2000 or Newer 6.7
1970 - 1999 26.2
1940 - 1969 41.9
1939 or Older 25.2

Types of Homes

Single-Family 67.0
Townhomes 4.2
Small Apt. Buildings 8.2
Apt. Complexes 17.2
Mobile Homes 3.4
Other 0.0

Home Size

No Bedroom 1.59
1 Bedroom 12.41
2 Bedrooms 37.52
3 Bedrooms 36.02
4 Bedrooms 10.44
5 or more bedrooms 2.02