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Common Grounds Homes for Sale

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  • 523 Columbia St, Waterloo, IA 50703
    523 Columbia St, Waterloo, IA 50703
    /2

    $59,900

    • 2 Beds
    • 1 Bath
    • 981 Sq Ft

    523 Columbia St, Waterloo, IA 50703

    Welcome to this well-priced 2-bedroom, 1-bathroom home offering outstanding potential for both first-time homebuyers and savvy investors. With a garage for secure parking and extra storage, this property checks all the boxes for comfort, function, and value. With this home currenly rented, don't miss your chance to build your rental portfolio.

    Mike Taylor Lockard Realty Company

    523 Columbia St, Waterloo, IA 50703
  • 323 Crescent Place, Waterloo, IA 50703
    323 Crescent Place, Waterloo, IA 50703
    /2

    $45,000

    • 3 Beds
    • 720 Sq Ft

    323 Crescent Place, Waterloo, IA 50703

    This affordable 2-bedroom, 1-bath, home offers a great opportunity for a first-time homebuyer or investor. Currently used as a rental, the property provides a functional layout with plenty of potential to make it your own. A detached garage adds valuable storage and parking convenience. With its manageable size and price point, this home is an excellent option for those looking to build equity

    Mike Taylor Lockard Realty Company

    323 Crescent Place, Waterloo, IA 50703
  • 120 Conger St, Waterloo, IA 50703
    120 Conger St, Waterloo, IA 50703
    120 Conger St, Waterloo, IA 50703
    /7

    $69,900

    • 3 Beds
    • 1 Bath
    • 925 Sq Ft

    120 Conger St, Waterloo, IA 50703

    This affordable 3-bedroom, 1-bath, 11⁄2-story home offers a great opportunity for a first-time homebuyer or investor. Previously used as a rental, the property provides a functional layout with plenty of potential to make it your own. A detached garage adds valuable storage and parking convenience. With its manageable size and price point, this home is an excellent option for those looking to

    Mike Taylor Lockard Realty Company

    120 Conger St, Waterloo, IA 50703
  • 516 Cutler St, Waterloo, IA 50703
    516 Cutler St, Waterloo, IA 50703
    516 Cutler St, Waterloo, IA 50703
    /25

    $109,900

    $9K PRICE DROP
    • 3 Beds
    • 1 Bath
    • 1,053 Sq Ft

    516 Cutler St, Waterloo, IA 50703

    Simple, charming, and completely move-in ready! This well-maintained home offers the perfect blend of comfort, functionality, and major updates that give peace of mind. The main floor features two bedrooms, a cozy living room filled with natural light, a dining room, and your kitchen. Upstairs, you’ll find a spacious third bedroom ideal for a private primary bedroom, play room or home office. The

    Laurie Lynch Oakridge Real Estate

    516 Cutler St, Waterloo, IA 50703
Iowa Black Hawk County Waterloo

Real Estate & Homes for Sale in Common Grounds, Waterloo

Why Live in Common Grounds
Common Grounds in Waterloo is a neighborhood where community spirit thrives, with residents actively participating in local houses of worship and nonprofits. The area is known for its affordable homes and proximity to parks, making it a practical choice for families and first-time homebuyers. Dining options are diverse, with D & K Hickory House famous for its ribs, and Park Road Inn, the oldest bar in Waterloo, offering a local gathering spot. For takeout, Tortas y Tacos DelValle is a popular choice. Downtown Waterloo, just a mile away, features beloved spots like Morg’s diner and the Screaming Eagle bar and venue. The newly opened All-In Grocers provides fresh ingredients and community support services. Commuters benefit from quick access to U.S. Route 63 and bus line 3, making it easy to reach major employers like John Deere. Sullivan Memorial Park serves as a community hub with a baseball diamond, playground, and shaded picnic areas, and hosts the annual Juneteenth celebration and the Boys and Girls Club’s Back to School Bash. The neighborhood's homes, primarily two-bedroom bungalows and Foursquare styles built between 1900 and 1950, are priced below the Waterloo median. However, parts of Common Grounds are at an elevated flood risk, particularly near the Cedar River. The local schools have mixed ratings, with students attending Lincoln or Becker Elementary, Central Middle or George Washington Carver Academy, and either West High or East High, which partners with the Waterloo Career Center for specialized courses.
Learn more about living in Common Grounds

Common Grounds, Waterloo, IA Home Prices vs. Nearby Neighborhoods

Common Grounds Neighbors for Life Franklin Gateway Gates Park
Median Home Price
$69,950
$84,500
$77,450
$86,950
Median Sale Price
$64,000
-14% YoY
$83,500
-14% YoY
--
$82,000
-20% YoY
Avg. Price per Square Foot
$69
$264
$59
$86
Median Single Family Price
$64,000
$82,000
$62,450
$82,000
Total Active Listings
4 listings
4 listings
2 listings
1 listing
Market Conditions
2 Months of Supply
Seller's Market
2 Months of Supply
Seller's Market
--
1 Month of Supply
Seller's Market

Frequently Asked Questions

Is Common Grounds a good place to live?
Common Grounds is a good place to live. Common Grounds is considered car-dependent and bikeable with minimal transit options. Common Grounds has 2 parks for recreational activities.It is somewhat dense in population with 7.0 people per acre and a median age of 33. The average household income is $38,933 which is below the national average. College graduates make up 11.8% of residents. A majority of residents in Common Grounds are renters, with 56% of residents renting and 44% of residents owning their home. A local real estate agent serving Common Grounds can help you decide if this neighborhood is the right one for you. Learn more on our Common Grounds neighborhood guide.
How much do you need to make to afford a house in Common Grounds?
The median home price in Common Grounds is $69,950. If you put a 20% down payment of $14,000 and had a 30-year fixed mortgage with an interest rate of 6.95%, your estimated principal and interest payment would be $370 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $16K a year to afford the median home price in Common Grounds. Learn how much home you can afford with our Home Affordability Calculator. The average household income in Common Grounds is $39K.
What are the best public schools in Common Grounds?
The best public schools that serve Common Grounds are:
  • West High School has a B- Niche grade, a student teacher ratio of 17:1 and an average review score of 3.5.
  • East High School has a C+ Niche grade, a student teacher ratio of 16:1 and an average review score of 3.5.
  • Becker Elementary School has a C- Niche grade and a student teacher ratio of 13:1.
What are the best private schools in Common Grounds?
The best private schools that serve Common Grounds are:
What are the most popular zip codes in Common Grounds, Waterloo, IA?
The most popular zip codes in Common Grounds, Waterloo, IA include 50703, 50701, 50702, 50707 and 50613.
What are the most popular neighborhoods near Common Grounds, Waterloo, IA?
The most popular neighborhoods near Common Grounds, Waterloo, IA are We Care, Unity, Church Row, Edison and Does.
Are home prices dropping in Common Grounds?
Yes, home prices in Common Grounds are down 14% in the last 12 months.
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