Why Live in Roosevelt
Roosevelt, a neighborhood in Waterloo, is known for its accessible pricing and convenient location on the Northend. The area has a rich history tied to the migration of African Americans in the early 1900s and is currently undergoing revitalization efforts to address past racial disparities. The neighborhood features a mix of longstanding Dutch Colonial and minimal traditional homes, with some properties dating back over 115 years and newer constructions as recent as 2020. Streets like Warren Drive offer well-kept ranches on larger lots, while others like Newell have paved sidewalks. Local amenities include All in Grocers, which doubles as a community center and restaurant, ending a long-standing food desert. Grandma’s Hands, a soul food spot within All in Grocers, is popular for its fried chicken and mac and cheese. Additional dining options are available downtown, about 1.5 miles south, with restaurants like Jameson’s and Screaming Eagle. Big box stores such as Walmart and Target are located approximately 5 miles away on East San Marnan Drive. While owning a car is essential due to limited public transit and bike lanes, walking to nearby convenience stores like Speedy Mart is common. The neighborhood is served by Cunningham School, Carver Academy, and Waterloo East High, which offer various extracurricular activities. For recreation, residents can visit Virden Creek Park and Gates Park, the latter featuring a golf course and swimming pool. Downtown Waterloo hosts events like the Friday Loo summer concert series and the popular Irish Fest. However, noise from nearby railroad tracks can be a concern for some residents.
Frequently Asked Questions
Is Roosevelt a good place to live?
Roosevelt is a good place to live. Roosevelt is considered car-dependent and somewhat bikeable with minimal transit options. Roosevelt has 3 parks for recreational activities. It is fairly sparse in population with 4.3 people per acre and a median age of 36. The average household income is $43,094 which is below the national average. College graduates make up 11.8% of residents. A majority of residents in Roosevelt are renters, with 54% of residents renting and 46% of residents owning their home. A
local real estate agent serving Roosevelt can help you decide if this neighborhood is the right one for you. Learn more on our
Roosevelt neighborhood guide.
How much do you need to make to afford a house in Roosevelt?
The median home price in Roosevelt is $524,900. If you put a 20% down payment of $105,000 and had a 30-year fixed mortgage with an interest rate of 6.74%, your estimated principal and interest payment would be $2,720 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $117K a year to afford the median home price in Roosevelt. The average household income in Roosevelt is $43K.
What are the best public schools in Roosevelt?
The best public schools that serve Roosevelt 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 17:1 and an average review score of 3.5.
- Cunningham School has a C- Niche grade and a student teacher ratio of 12:1.
What are the best private schools in Roosevelt?
The best private schools that serve Roosevelt are:
What are the most popular zip codes in Roosevelt, Waterloo, IA?
What are the most popular neighborhoods near Roosevelt, Waterloo, IA?
Home Trends in Roosevelt, IA
On average, homes in Roosevelt, Waterloo sell after 26 days on the market compared to the national average of 70 days. The median sale price for homes in Roosevelt, Waterloo over the last 12 months is $510,000.
Median Sale Price
$510,000
Median Single Family Sale Price
$510,000
Average Price Per Sq Ft
$352
Number of Homes for Sale
0
Last 12 months Home Sales
1
Median List Price
$524,900
Median Change From 1st List Price
3%