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Why Live in Downtown Waterloo

Downtown Waterloo is being revitalized, attracting new businesses, residents and developers. Those living in the arts and dining hub tend to be renters but the riverfront area southeast of 6th Street has single-family housing mixed in with light industry and small businesses. Many of these homes are historic, with Victorians, American Foursquares and Craftsman builds dating back to the turn of the 20th century. Despite a history of flooding, recent investments in flood prevention have mitigated risks. Downtown dining options include The Brown Bottle and SingleSpeed Brewing Co. Morg’s is across the river for brunch. Big box stores and chain grocers like Target and Hy-Vee are a few miles away near Crossroads Mall. For shorter trips and specialty goods, people head to La Placita Mexican Store or Shwe Nyiko Market and Asian Food. Things to do in downtown Waterloo include visiting the Waterloo Public Library, attending events at the Waterloo Center for the Arts and ice skating at the Young Arena. The Riverview Recreation Area is a popular spot to boat and fish. Nearby Rooff Park has a playground and vast open green space. The Cedar River waterfront is accessible by the Phelps Youth Pavilion, which has a playground and a grassy amphitheater next door showing family-friendly movies during Cinema on the Cedar. Other events in downtown Waterloo include Cedar Valley Pridefest and Iowa Irish Fest. Winter WonderLoo is a season-long celebration with a holiday pub crawl, concert series, Santa visits and a tree lighting. U.S. Route 218 Metropolitan Transit Authority bus stops support commuters.

Downtown Waterloo Home Prices vs. Nearby Waterloo, IA Neighborhoods

Downtown Waterloo Northeast Side Neighbors Helping Neighbors Does
Median Home Price
$127,400
$122,450
$112,400
$129,950
Median Sale Price
$117,500
$120,000
+330% YoY
$100,000
+8% YoY
$124,750
+4% YoY
Median Single Family Price
$30,000
$51,000
$100,000
$127,450
Total Active Listings
0
0
7
8
Market Conditions
0 Months of Supply
Seller's Market
0 Months of Supply
Seller's Market
4 Months of Supply
Balanced Market
4 Months of Supply
Balanced Market

Frequently Asked Questions

Is Downtown Waterloo a good place to live?
Downtown Waterloo is a good place to live. Downtown Waterloo is considered somewhat walkable and bikeable with some transit options. Downtown Waterloo has 5 parks for recreational activities. It is fairly sparse in population with 3.0 people per acre and a median age of 42. The average household income is $67,202 which is below the national average. College graduates make up 32.2% of residents. A majority of residents in Downtown Waterloo are renters, with 57% of residents renting and 43% of residents owning their home. A local real estate agent serving Downtown Waterloo can help you decide if this neighborhood is the right one for you. Learn more on our Downtown Waterloo neighborhood guide.
Is Downtown Waterloo, IA a safe neighborhood?
Downtown Waterloo, IA is less safe than the average neighborhood in the United States. It received a crime score of 7 out of 10.
How much do you need to make to afford a house in Downtown Waterloo?
The median home price in Downtown Waterloo is $127,400. If you put a 20% down payment of $25,500 and had a 30-year fixed mortgage with an interest rate of 6.49%, your estimated principal and interest payment would be $640 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $27K a year to afford the median home price in Downtown Waterloo. Learn how much home you can afford with our Home Affordability Calculator. The average household income in Downtown Waterloo is $67K.
What are the best public schools in Downtown Waterloo?
The best public schools that serve Downtown Waterloo are:
What are the best private schools in Downtown Waterloo?
The best private schools that serve Downtown Waterloo are:
What are the most popular zip codes in Downtown Waterloo, Waterloo, IA?
The most popular zip codes in Downtown Waterloo, Waterloo, IA include 50702, 50703, 50701, 50707 and 50613.
What are the most popular neighborhoods near Downtown Waterloo, Waterloo, IA?
The most popular neighborhoods near Downtown Waterloo, Waterloo, IA are Does, Church Row, Neighbors Helping Neighbors, Walnut and Liberty Park.
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