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Franklin Gateway Home for Sale

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  • 56 Lafayette St, Waterloo, IA 50703
    56 Lafayette St, Waterloo, IA 50703
    56 Lafayette St, Waterloo, IA 50703
    /13

    $65,000

    $20K PRICE DROP
    • 3 Beds
    • 2 Baths
    • 1,380 Sq Ft

    56 Lafayette St, Waterloo, IA 50703

    2 story house with 3 bedrooms and 1.75 bathrooms. Full unfinished basement. All offers from interested buyers must be entered online at www.auction.com for the duration of the time that this property is in auction. Registration to bid is now available on the property's listing page on www.auction.com An offer management fee of $200 (plus sales tax, where applicable) is charged by Pyramid Platform

    Gina Lewis Jordan Real Estate, Inc.

    56 Lafayette St, Waterloo, IA 50703
Iowa Black Hawk County Waterloo Franklin Gateway

Real Estate & Homes for Sale in Franklin Gateway, Waterloo

Why Live in Franklin Gateway
Franklin Gateway in Waterloo offers a blend of affordability and convenience, making it an appealing choice for homebuyers seeking proximity to downtown amenities. The neighborhood is characterized by its walkability and extensive public transit options. Housing styles are diverse, with shotguns, American Foursquares, Queen Annes and Second Empire homes. Franklin Gateway is home to All In Grocers, a multifaceted establishment that serves as a grocery store, community center and restaurant. The Salvation Army of Waterloo/Cedar Falls provides essential community services, including free lunches and a food pantry. Dining options are abundant, with Morg’s diner offering a nostalgic '60s experience. The neighborhood is adjacent to Riverfront Sports Park, featuring baseball diamonds, a skate park, and the Waterloo Riverfront Stadium, home to the minor league baseball team. While the area is vibrant, it experiences elevated noise levels due to its bustling streets. Nearby shopping includes Walmart, Target and Menards, about 4 miles south. Franklin Gateway presents a practical living option with its accessible home prices and community features.
Learn more about living in Franklin Gateway

Frequently Asked Questions

Is Franklin Gateway a good place to live?
Franklin Gateway is a good place to live. Franklin Gateway is considered car-dependent and bikeable with some transit options. Franklin Gateway has 7 parks for recreational activities. It is somewhat dense in population with 6.0 people per acre and a median age of 37. The average household income is $38,137 which is below the national average. College graduates make up 11.6% of residents. A majority of residents in Franklin Gateway are renters, with 84% of residents renting and 16% of residents owning their home. A local real estate agent serving Franklin Gateway can help you decide if this neighborhood is the right one for you. Learn more on our Franklin Gateway neighborhood guide.
Is Franklin Gateway, IA a safe neighborhood?
Franklin Gateway, IA is less safe than the average neighborhood in the United States. It received a crime score of 9 out of 10.
How much do you need to make to afford a house in Franklin Gateway?
The median home price in Franklin Gateway is $81,250. If you put a 20% down payment of $16,200 and had a 30-year fixed mortgage with an interest rate of 6.47%, your estimated principal and interest payment would be $410 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $18K a year to afford the median home price in Franklin Gateway. Learn how much home you can afford with our Home Affordability Calculator. The average household income in Franklin Gateway is $38K.
What are the best public schools in Franklin Gateway?
The best public schools that serve Franklin Gateway 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 Franklin Gateway?
The best private schools that serve Franklin Gateway are:
What are the most popular zip codes in Franklin Gateway, Waterloo, IA?
The most popular zip codes in Franklin Gateway, Waterloo, IA include 50703, 50701, 50702, 50707 and 50613.
What are the most popular neighborhoods near Franklin Gateway, Waterloo, IA?
The most popular neighborhoods near Franklin Gateway, Waterloo, IA are Walnut, Common Grounds, We Care, Church Row and Unity.
Are home prices dropping in Franklin Gateway?
Yes, home prices in Franklin Gateway are down 16% in the last 12 months.

Franklin Gateway Home Prices vs. Nearby Waterloo, IA Neighborhoods

Franklin Gateway Common Grounds Cedar River Lafnow
Median Home Price
$81,250
$70,000
$79,500
$103,000
Median Sale Price
$70,000
-27% YoY
$63,000
-15% YoY
$70,000
$100,000
+72% YoY
Median Single Family Price
$65,000
$68,000
$70,000
$101,500
Total Active Listings
1
12
0
1
Market Conditions
4 Months
Balanced Market
9 Months
Buyer's Market
0 Months
Seller's Market
2 Months
Seller's Market
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