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Waterloo

Waterloo

Located in Black Hawk County

$132,135 Average Value
$143 Average Price per Sq Ft
101 Homes For Sale

The ‘Factory City’ of Northeast Iowa

Split in two by the Cedar River, the city of Waterloo in Northeast Iowa attracts residents with its convenient lifestyle, affordable housing and strong economic history. “The city is a regional hub for business and culture,” says Tara Thomas-Gettman, communication director for the City of Waterloo. “And the cost of living is 14% lower than the national average.” Waterloo first saw an influx of new residents when it became a major railroad stop for the region in the early 19th century. Outpacing its western neighbor, Cedar Falls, Waterloo's railway played a critical role in the development of industry in the area, eventually becoming known as ‘The Factory City’ of Iowa. Today, Waterloo is home to nearly 70,000 residents and is a regional center of wholesale manufacturing. Major employers, like John Deere and Tyson Foods, employ over 4,500 people, contributing to this city's robust economy. With a thriving workforce, it’s no wonder why Waterloo is considered one of Iowa's top ten most populous cities.

Common Grounds is great place to live and visit in Waterloo, Iowa.
Common Grounds is great place to live and visit in Waterloo, Iowa.
Common Grounds locals are proud of their John Deere factory.
Common Grounds locals are proud of their John Deere factory.
The Greenbrier neighborhood is part of the larger Waterloo area.
The Greenbrier neighborhood is part of the larger Waterloo area.
Tyson's Pork Facility is a large employer in the Waterloo area.
Tyson's Pork Facility is a large employer in the Waterloo area.
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Entry-level homes, new builds and Victorian styles

The real estate market in Waterloo is desirable for its entry-level pricing and wide variety of housing styles. “There’s options for all income levels,” says Thomas-Gettman. With a median sales price of $160,000, homes here cost about $250,000 less than the average property in the U.S. For example, price points in Waterloo range from as low as $80,000 for a one-bedroom condo to upwards of $900,000 for a five-bedroom newly constructed Traditional. Most homes here were constructed in the 1900s, and feature Victorian era influences as well as Colonial Revival and American Foursquare designs. “The city uses federal, state and local funding to maintain new, renovated and historically restored properties,” Thomas-Gettman adds. Notable subdivisions include Audubon, for new construction options, or Highland, the oldest neighborhood in Waterloo, for charming historic styles. Established single-family homes here make up most of the housing options, however, multi-family condo units and townhouses are also available within the city.

This grand Victorian home in Church Row offers historic charm with modern sophistication.
This grand Victorian home in Church Row offers historic charm with modern sophistication.
This new construction boast a clean look with dark trim and a nice picket fence.
This new construction boast a clean look with dark trim and a nice picket fence.
Homeowners in Gates Park take pride in their well-kept front yards and landscaping.
Homeowners in Gates Park take pride in their well-kept front yards and landscaping.
Condos make up a portion of the homes in the Hurst neighborhood.
Condos make up a portion of the homes in the Hurst neighborhood.
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City attractions and the John Deere Tractor & Engine Museum

Waterloo is home to 49 city-owned greenspaces. Lincoln Park is a primary gathering space and hosts seasonal events throughout the year. It has paved walking paths, picnic tables and benches for relaxing. Waterloo, like much of the region, experiences all four seasons, with mild summers and cold winters and an average of 34 inches of snowfall per year. George Wyth State Park is popular year-round and is home to four fishing lakes equipped with boat launches and over 100 miles of hiking, snowshoeing and cross-country skiing trails. In the summers, locals can visit Lost Island Waterpark in the southeast corner of Waterloo, which has a lazy river and 11 waterslides to cool off amidst the heat. The public Irv Warren Memorial Golf Course is 2 miles from downtown and features an 18-hole course and pro-shop for golfers of all skill levels. For a glimpse into the past, the John Deere Tractor & Engine Museum offers guided tours of John Deere’s first factory. Admission is free and visitors can explore 30 acres of hands-on learning through its interactive exhibits.

A golfer hits a putt at one of the holes at the Sunnyside Golf and Country Club.
A golfer hits a putt at one of the holes at the Sunnyside Golf and Country Club.
Cedar River has a great John Deere museum for tractor enthusiasts.
Cedar River has a great John Deere museum for tractor enthusiasts.
George Wyth Memorial State Park has a number of water areas available to visitors.
George Wyth Memorial State Park has a number of water areas available to visitors.
Walnut residents can enjoy a day of fishing at Cedar Bend Park.
Walnut residents can enjoy a day of fishing at Cedar Bend Park.
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The annual Iowa Irish Fest

In August, residents can attend the annual Iowa Irish Fest held at Lincoln Park in downtown Waterloo. The Cedar Valley Irish Cultural Association hosts the festival to foster a sense of community and to educate visitors about the region's Irish heritage. Iowa has a strong Irish culture, in part due to early settlers migrating to the area following the Great Famine of the mid-1800s. Festivalgoers can enjoy a range of Irish-themed activities, from live performances of Celtic tunes to the Shamrock 5K and the Highland Games. The festival is highly anticipated and attracts around 50,000 visitors annually. “Tourism does a lot for the economy and the Irish Fest is a big draw for the city,” says Thomas-Gettman. It's also considered the largest Irish celebration in the state of Iowa.

Southside grocers and local bites downtown

Most residents here shop on the southside, along San Marnan Drive. Here, folks will find name brand grocers like Walmart Supercenter, Hy-Vee Grocery and Fareway Meat and Grocery along the thoroughfares. The Crossroads Mall is also home to big-box retailers like Target, Best Buy and Home Depot. Local boutiques, like Style Avenue and Splash of Pearl, offer vintage wares and a curated selection of clothing options. For a meal out on the town, locals have their pick of fast-food chains and diverse family-owned eateries in downtown Waterloo.

Customers head into Fareway Meat and Grocery in the Audubon neighborhood.
Customers head into Fareway Meat and Grocery in the Audubon neighborhood.
Church Row locals love the lively atmosphere at Singlespeed Brewing in downtown Waterloo.
Church Row locals love the lively atmosphere at Singlespeed Brewing in downtown Waterloo.
Shop with ease near Church Row, where retail spots are just 7 minutes away.
Shop with ease near Church Row, where retail spots are just 7 minutes away.
Residents can get most of their shopping done at nearby College Sqare Mall.
Residents can get most of their shopping done at nearby College Sqare Mall.
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Education at Waterloo Community Schools

Families in Waterloo are zoned for the Waterloo Community School District, which earns an overall rating of C-plus from the review site Niche. It serves over 10,000 students and is considered the most diverse district in Iowa. The district offers 11 elementary, four middle and four high schools. Most students attend West High School, which earns a B-minus from Niche and offers eight AP courses to choose form. Private school options like Columbus Catholic School and Waterloo Christian School are also available. Those interested in pursuing higher education can look to the University of Northern Iowa, 10 miles away in neighboring Cedar Falls.

Fred Becker Elementary
Fred Becker Elementary
West High School
West High School
Center Middle School is a renowned institution in the Cedar River area.
Center Middle School is a renowned institution in the Cedar River area.
Columbus High School
Columbus High School
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Nearby healthcare and access to I-380

U.S. Routes 218 and 63 intersect at the heart of Waterloo, connecting residents to the surrounding areas and U.S. Interstate 380. Public rides are provided by the MET Transit bus system, which operates throughout the city. When traveling farther outside of downtown, the Waterloo Regional Airport is 4 miles north along Airport Boulevard. For healthcare, the MercyOne Waterloo Medical Center is on the south side, less than 3 miles from downtown.

Crime

On average, Waterloo experiences higher crime rates than most cities in the U.S. In 2023, the Waterloo Police Department reported 130 violent incidents per 100,000 individuals. Comparatively, the United States reported 109 incidents per 100,000 people during 2023.

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Interested in learning more about homes in this area? Reach out to Becky Halsch, an experienced agent in this area.

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Waterloo Housing Trends

Housing Trends

Median List Price
$139,900
Median Sale Price
$126,000
Median Single Family Sale Price
$129,250
Median Townhouse Sale Price
$120,000
Median 2 Bedroom Sale Price
$158,900
Median Change From 1st List Price
3%
Last 12 months Home Sales
375
Median Home Sale Price YoY Change
3%
Average Price Per Sq Ft
$143

Area Facts

Number of Homes
12,042
Number of Homes for Sale
101
Median Year Built
1941
Months of Supply
3.20
Average Single Family Home Size Sq Ft
1,124
Significantly below the national average
1,929
Average Townhouse Size Sq Ft
1,563
Average 2 Bedroom Size Sq Ft
940
Average 1 Bedroom Size Sq Ft
644
Median Lot Size Sq Ft
6,534

Open Houses

  • Sunday, Nov 2
    Open Sun 1:30PM - 2:30PM

    1115 Hawthorne Ave, Waterloo, IA 50702

    $149,900

    • 3 Beds
    • 1 Bath
    • 1,106 Sq Ft
    • 1115 Hawthorne Ave
    • New 1 day ago

    Charming Updated Home with Main-Floor Bedroom & Fresh Finishes! Welcome home to this beautifully refreshed 3-bedroom residence offering comfort, convenience, and character! Step inside to find fresh paint throughout, new flooring, and plenty of natural light streaming through newer windows. The main floor features a spacious bedroom, perfect for guests or easy one-level living, along with a

    Amy Schaefer RE/MAX Concepts - Cedar Falls

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  • Sunday, Nov 2
    Open Sun 2:30PM - 3:30PM

    965 E Donald St, Waterloo, IA 50703

    $274,900

    • 4 Beds
    • 1.5 Baths
    • 1,829 Sq Ft
    • 965 E Donald St
    • New 22 days ago

    Here is your perfect in-town acreage! Nestled on 1.22 acres with the perfect view of Gates golf course right out your living room window! Inside you will find an updated kitchen with a great eat in kitchen. Moving along to the living room with the view and beautiful floors! Down the hall you have 3 great bedrooms and a large full bathroom rounding out the main floor. Head downstairs to a new half

    Brice Zeschke Vine Valley Real Estate

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  • Sunday, Nov 2
    Open Sun 11AM - 12PM

    1407 Hummingbird Cir, Waterloo, IA 50702

    $309,900

    • 3 Beds
    • 3.5 Baths
    • 1,920 Sq Ft
    • 1407 Hummingbird Cir

    Quality and comfort meet style in this meticulously crafted, two-story home. This 3-bedroom, 31⁄2-bath home welcomes you with a bright entryway that opens into a seamless layout, featuring high-end flooring throughout the kitchen and dining area. Just adjacent, the spacious living room is carpeted and bathed in natural light, offering a warm, soothing retreat to unwind. The chef’s kitchen

    Mersiha Mustedanagic Oakridge Real Estate

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Homes for Sale

Homes for Rent

Distribution of Home Values

Source: Public Records

Average Home Value





Source: Public Records

Neighborhoods in Waterloo

Property Mix - Square Feet

Waterloo Has More Owners

Demographics

Total Population
67,382
Median Age
37
Population under 18
25.4%
On par with the national average
23.8%
Population over 65
18.5%
On par with the national average
19.1%

Finances

Median Household Income
$51,868
Significantly below the national average
$71,702
Average Household Income
$67,140

Education and Workforce

High School Graduates
89.2%
College Graduates
22.7%
Below the national average
34.1%
Advanced Degrees
6.9%
Below the national average
13.3%
% Population in Labor Force
66.5%

Weather

Annual Precipitation
36''
Average Winter Low Temperature
11°F
Average Summer High Temperature
85°F
Annual Snowfall
24''

Area Factors

Very Bikeable

Bike Score®®

86 / 100

Very Walkable

Walk Score®®

77 / 100

Some Transit

Transit Score®®

36 / 100
Source: Walk Score
Source: Walk Score

Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address. CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Waterloo