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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
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%).
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.
|$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|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Waterloo HOMES|
|2000 or Newer||6.7|
|1970 - 1999||26.2|
|1940 - 1969||41.9|
|1939 or Older||25.2|
|TYPE OF Waterloo HOMES|
|Small Apt. Buildings||8.2|
|SIZE OF Waterloo HOMES|
|5 or more bedrooms||2.02|