Why Live in Downtown Waterloo
Downtown Waterloo, defined by the Cedar River, has seen significant revitalization efforts in recent years, attracting new businesses and residents. The area has benefited from over $130 million in private investment, with incentives for developers to build or rehabilitate properties. The neighborhood features a mix of historic homes, primarily Victorians, American Foursquares, and Craftsman styles, many of which are within walking distance of employers, restaurants, and entertainment venues. Dining options include The Brown Bottle, SingleSpeed Brewing, and Morg’s, while shopping needs are met by local markets like La Placita Mexican Store and Shwe Nyiko Market. Downtown Waterloo offers a variety of things to do, such as visiting the Waterloo Public Library, attending events at the Waterloo Center for the Arts, or enjoying public ice skating at the Young Arena. Outdoor enthusiasts can explore the Riverview Recreation Area and Rooff Park, or take advantage of the Cedar Valley Sportsplex’s facilities. The neighborhood hosts numerous events, including Cedar Valley Pridefest and Iowa Irish Fest. Despite a history of flooding, recent investments in flood prevention have mitigated risks. The area is safer than the national average, with low crime risk areas. While most residents rent, the riverfront area southeast of 6th Street offers single-family housing. The Cedar River and U.S. Route 218 provide easy access, though public transportation options are limited.
Home Trends in Downtown Waterloo, IA
On average, homes in Downtown Waterloo, Waterloo sell after 61 days on the market compared to the national average of 70 days. The median sale price for homes in Downtown Waterloo, Waterloo over the last 12 months is $338,950, up 36% from the median home sale price over the previous 12 months.
Median Sale Price
$338,950
Median Single Family Sale Price
$338,950
Average Price Per Sq Ft
$208
Number of Homes for Sale
0
Last 12 months Home Sales
2
Median List Price
$347,450
Median Change From 1st List Price
2%
Median Home Sale Price YoY Change
36%