$450,000
- 3 Beds
- 3 Baths
- 2,497 Sq Ft
1021 Lake Ridge Dr, Cedar Falls, IA 50613
Jason Strelow Berkshire Hathaway Home Services One Realty Centre
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1021 Lake Ridge Dr, Cedar Falls, IA 50613
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$403,500 Open Sat 12:30PM - 1:30PM
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617 4th St Unit middle unit, Dike, IA 50624
617 4th St Unit middle unit, Dike, IA 50624Michele Henze Lockard Realty Company
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230 Schumacher Blvd, Denver, IA 50622
230 Schumacher Blvd, Denver, IA 50622Wes Gielau RE/MAX Alliance
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Why Live in Waterloo
Waterloo combines family entertainment and outdoor recreation with the Lost Island Waterpark and adjacent Theme Park providing summer thrills. The Cedar Valley Arboretum & Botanic Gardens creates peaceful spaces for nature walks, while the Cedar Valley Nature Trail system extends through the city for hiking and biking. Cultural attractions include the Grout Museum District, Sullivan Brothers Iowa Veterans Museum, and the Waterloo Center for the Arts. The dining scene features local institutions like The Brown Bottle, housed in the historic Russell Lamson Building since 1972, alongside casual spots such as SingleSpeed Brewing and El Patron Family Mexican Restaurant.
The housing market presents diverse options across price points. The median sale price for homes in Waterloo is $164,000. Single family homes comprise most available properties, with median prices varying by neighborhood from $60,500 in Cityview to $140,600 in Maywood. The median townhome price sits at $97,400, while one bedroom condos have a median price of $83,900 and two bedroom condos $159,400.
The cost of living in Waterloo stands 13.1% below the national average. A family with school age children needs approximately $92,000 annually to live comfortably, while renters require about $44,000. Property taxes in Black Hawk County run 1.53%, with a 6.94% combined sales tax rate. Monthly housing costs average $1,900 for families and $1,300 for renters. Groceries cost about 4% less than the national average.
Waterloo Christian School serves multiple neighborhoods with AMinus ratings for its elementary through high school programs. Major employers include John Deere's manufacturing facility, UnityPoint Health, and Tyson Fresh Meats. The Metropolitan Transit Authority connects Waterloo to Cedar Falls, while the regional airport provides commercial flights. Downtown features historic architecture, shops, and the RiverLoop Amphitheatre along the Cedar River.
Home Trends in Waterloo, IA
On average, homes in Waterloo, IA sell after 89 days on the market compared to the national average of 70 days. The median sale price for homes in Waterloo, IA over the last 12 months is $274,900, down 5% from the median home sale price over the previous 12 months.
Housing Trends
Median Sale Price
$274,900
Median Single Family Sale Price
$320,000
Median 2 Bedroom Sale Price
$374,500
Average Price Per Sq Ft
$199
Number of Homes for Sale
15
Last 12 months Home Sales
71
Months of Supply
2.50
Median List Price
$300,000
Median Change From 1st List Price
2%
Median Home Sale Price YoY Change
-5%
Waterloo Types of Homes for Sale
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