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Waterloo

Learn about the people, housing, costs and businesses in Waterloo, Iowa

Median Home$141,852
Median Rent$981/month
Population67,314
Leading IndustryRetail21% of local workforce
Home Value Growth⬆⬆+15.8% over 2 years
Young Adults30% of residentsabove average nationally
Homeowners62% of occupied units
NotableAmenity Score70/100 · highly walkable area
Waterloo
IA

Frequently Asked Questions

What are today's mortgage rates in Waterloo?

Mortgage rates for Waterloo are updated daily on Safe Rate using live investor pricing. Rates depend on your credit score, loan type (Conventional, FHA, VA, Jumbo), and down payment. A 30-year fixed rate is the most common product for home purchases.

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What is the median home price in Waterloo?

The median home value in Waterloo is $142k. The median monthly rent is $981. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Waterloo?

Home values in Waterloo have increased 15.8% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Waterloo?

Based on a typical all-in ownership cost of $937/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $40k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Waterloo is $57k/year.

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What industries drive the economy in Waterloo?

The largest employment sectors in Waterloo are retail (21%) and public administration (20%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.