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Franklin Gateway Home for Sale

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    $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

Franklin Gateway Home Prices vs. Nearby Waterloo, IA Neighborhoods

Franklin Gateway Common Grounds Cedar River Gates Park
Median Home Price
$81,250
$70,000
$79,500
$88,900
Median Sale Price
$70,000
-27% YoY
$65,000
-12% YoY
$70,000
$83,000
-19% YoY
Median Single Family Price
$65,000
$68,000
$70,000
$82,000
Total Active Listings
1
6
0
5
Market Conditions
4 Months of Supply
Balanced Market
4 Months of Supply
Balanced Market
0 Months of Supply
Seller's Market
5 Months of Supply
Balanced Market

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 6.49%, 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, Church Row, Unity and Gates Park.
Are home prices dropping in Franklin Gateway?
Yes, home prices in Franklin Gateway are down 16% in the last 12 months.
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