12

Common Grounds Homes for Sale

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  • /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
  • /18

    $99,900

    • 2 Beds
    • 1 Bath
    • 1,104 Sq Ft

    499 Columbia St, Waterloo, IA 50703

    Whether you're searching for your first home or looking to add another property to your investment portfolio, this one is worth a look. Inside, you'll find a spacious kitchen with plenty of cabinet and counter space, making meal prep or tackling your weekly grocery haul a whole lot easier. The eat in kitchen flows into the large living room, creating an open and comfortable space for everyday

    Paige Peyton Oakridge Real Estate

    499 Columbia St, Waterloo, IA 50703
  • /38

    $93,300

    Open Mon 5PM - 6PM
    • 2 Beds
    • 1 Bath
    • 1,096 Sq Ft

    523 Cutler St, Waterloo, IA 50703

    Cute bungalow home with lots of updates and renovations done. Features 2 Bedrooms and 1 new Bathroom. Kitchen was updated and all new flooring complete this home. Move in Ready, so don't delay and come take a look.

    Gerald Sorensen RE/MAX Concepts - Cedar Falls

    523 Cutler St, 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
  • /18

    $115,000

    • 3 Beds
    • 1 Bath
    • 1,232 Sq Ft

    1317 Logan Ave, Waterloo, IA 50703

    Charm, character, and an incredible garage! This 3-bedroom, 1-bath 2-story features gorgeous woodwork and a layout designed for comfortable living. Ideally situated near the middle school, this home also includes a brand-new furnace, a large deck for entertaining, and a fully fenced yard. For those who need space for hobbies, the oversized 2-stall garage provides all the room you’ve been looking

    Jennifer Lakin Structure Real Estate

    1317 Logan Ave, Waterloo, IA 50703
  • /8

    $59,900

    • 2 Beds
    • 1.5 Baths
    • 1,000 Sq Ft

    415 W Parker St, Waterloo, IA 50703

    Modestly priced 2 bedroom 1.5 bah home. Living room with fireplace, formal dining, kitchen, two bedrooms and full bath on main level. Bonus room upstairs. Attached garage and fenced in back yard.

    Scott Seeley RE/MAX Concepts - Cedar Falls

    415 W Parker St, Waterloo, IA 50703
  • /7

    $85,000

    • 3 Beds
    • 1.5 Baths
    • 1,330 Sq Ft

    725 Lincoln St, Waterloo, IA 50703

    This home offers 3bed 1.5 bath compleatly renovated.Great investment opportunity with major updates already completed. This property features a brand new roof, new water heater, new carpet and updated tile shower. Main floor Landry. This home also offers a specious double stall garage with additional parking space, making it ideal for tenants or homeowners needing extra space.

    Sifeta Junuzovic Berkshire Hathaway Home Services One Realty Centre

    725 Lincoln St, Waterloo, IA 50703
  • /16

    $90,000

    • 3 Beds
    • 1 Bath
    • 1,354 Sq Ft

    415 Cutler St, Waterloo, IA 50703

    Charming 3-Bedroom with Historic Character Move-In Ready Style Meets Everyday Function Step into this spacious 1,354 sq. ft. single-family home, built in 1920, combining timeless craftsmanship with functional living spaces. Featuring an expansive 3-bedroom, 1-bathroom footprint, this property stands out with distinct historic character and structural versatility. Classic Craftsmanship: Rich,

    Martin Stokes Martin Inc., Realtors

    415 Cutler St, Waterloo, IA 50703
  • /21

    $62,500

    $8K PRICE DROP
    • 4 Beds
    • 3 Baths
    • 2,089 Sq Ft

    607 Logan Ave, Waterloo, IA 50703

    Home buyers eager to create their dream home or investors looking for a renovation project four bedrooms 2.5 baths and approximately 2000 sq. feet of living space make this home your today

    Scott Norris Fischels Residential Group

    607 Logan Ave, 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
  • /6

    $55,000

    • 3 Beds
    • 1,271 Sq Ft

    435 Conger St, Waterloo, IA 50703

    This 3-bedroom, 1-bath home offers a great opportunity for investors or buyers ready to add their personal touch. Previously used as a rental and currently vacant, the property is ready for improvements and updates. This home has solid potential for renovation, rental income, or a future resale. Convenient layout with room to build equity, this property is being priced to reflect the work needed.

    Mike Taylor Lockard Realty Company

    435 Conger St, Waterloo, IA 50703
  • /25

    $115,000

    $4K 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

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.

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.
Is Common Grounds, IA a safe neighborhood?
Common Grounds, IA is less safe than the average neighborhood in the United States. It received a crime score of 6 out of 10.
How much do you need to make to afford a house in Common Grounds?
The median home price in Common Grounds is $70,000. If you put a 20% down payment of $14,000 and had a 30-year fixed mortgage with an interest rate of 6.47%, your estimated principal and interest payment would be $350 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $15K 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 19:1 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 Riverfront, Gates Park, We Care, Walnut and Unity.
Are home prices dropping in Common Grounds?
Yes, home prices in Common Grounds are down 15% in the last 12 months.

Common Grounds Home Prices vs. Nearby Waterloo, IA Neighborhoods

Common Grounds Neighbors for Life Franklin Gateway Cedar River
Median Home Price
$70,000
$89,900
$81,250
$79,500
Median Sale Price
$63,000
-15% YoY
$80,950
-17% YoY
$70,000
-27% YoY
$70,000
Median Single Family Price
$66,500
$83,500
$65,000
$70,000
Total Active Listings
13
3
1
0
Market Conditions
9 Months
Buyer's Market
2 Months
Seller's Market
4 Months
Balanced Market
0 Months
Seller's Market
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