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Featured local agent — Waterloo, AL
Sarah Mitchell
Compass Real Estate · Waterloo, AL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Waterloo, AL Housing Market
The typical home in Waterloo, AL is worth $192,804, rose 2.8% over the past year (Zillow Home Value Index, July 2026). The last median sale price Redfin published was $217,000 (through May 2026). With 1.0 months of supply and homes going under contract in about 122 days, Waterloo is a seller's market. At today's 6.66% 30-year fixed rate, 20% down on a $192,804 home is about $991/mo in principal and interest.
Key numbers for Waterloo, AL
Typical home value
$192,804
+2.8% in 12 months
Zillow, July 2026
Median sale price
$217,000
Last published period
Redfin, through July 2025
Days on market
122
Slow-moving
Redfin, through July 2025
Active listings
1
1.0 months of supply
Redfin, through July 2025
30-yr fixed rate
6.66%
Freddie Mac weekly average
Freddie Mac via FRED, August 2026
Median household income
$29,219
Home costs 6.6x income
U.S. Census ACS, 2023
Sale-to-list ratio
98.6%
Selling below asking
Redfin, through July 2025
Zillow figures are as of July 2026 and refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Waterloo a buyer's or seller's market?
Waterloo, AL is a seller's market, based on 1.0 months of supply and homes selling in about 122 days. Under 2 months of supply is a severe shortage: expect competition on almost anything priced correctly, and little room to negotiate below asking.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Waterloo housing market data show?
Every row below is Redfin's final published month for Waterloo, AL. Redfin, through July 2025
| Metric | Value |
|---|---|
| Median sale price | $217,000 |
| Median price per sq ft | $155/sq ft |
| Median days on market | 122 days |
| Active inventory | 1 listings |
| Months of supply | 1.0 months |
| Sale-to-list price ratio | 98.6% |
| Homes sold (that month) | 1 |
| Market condition | Seller's market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Waterloo is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Waterloo is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Waterloo home prices moved?
Across the 7 months we hold for Waterloo, AL, the median sale price fell 48.7%, from $423,000 in June 2021 to $217,000. The live Zillow value series has rose 2.8% in the last 12 months, which is the more current read now that Redfin's series has stopped. For prices to fall meaningfully from here, supply would have to keep building past 1.0 months while the sale-to-list ratio slips below its current 98.6%. Watch those two together — they move before the median does.
Redfin, through July 2025 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Waterloo?
Priced off the typical home value of $192,804 at the current 6.66% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $38,561 | $154,243 | $991/mo |
| 5% | $9,640 | $183,164 | $1,177/mo |
Zillow, July 2026 for the price · Freddie Mac via FRED, August 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $991, that implies roughly $42,480 a year before you add taxes and insurance. The median household in Waterloo earns $29,219, about $13,261 short of that threshold — the typical local household needs a larger down payment, a co-borrower, or a home below the typical home value to fit the 28% rule. That puts the price-to-income ratio at 6.6x — well above the 3x that was historically considered affordable, which is why down payment size drives who can buy here.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Waterloo in the next 12 months?
Tell us your timeline. We send the Waterloo market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Waterloo?
Zillow does not publish a rent index (ZORI) for Waterloo, AL, so we cannot compute a price-to-rent ratio here without borrowing a nearby market's rents and calling them local — which we will not do. The rent vs. buy calculator works with a rent figure you supply.
Is inventory rising or falling in Waterloo?
Active listings in Waterloo, AL went from 1 in June 2021 to 1 in July 2025, a +0.0% change. Inventory has been roughly flat, which usually keeps prices moving with rates rather than with local supply.
| Month | Active listings |
|---|---|
| June 2021 | 1 |
| November 2021 | 1 |
| May 2025 | 2 |
| July 2025 | 1 |
Redfin, through July 2025
How does Waterloo compare to Alabama and the U.S.?
Waterloo homes sell for $217,000 — 31% below the Alabama median of $312,600. Against the national median of $410,700, Waterloo runs 47% lower.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Waterloo, AL | $217,000 | not published | 122 days |
| Alabama statewide | $312,600 | +7.2% | 57 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through July 2025 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Waterloo
What buyers should watch
- Months of supply, currently 1.0. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The gap between 5% and 20% down here is $186 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 6.66%, every full point of rate change moves the payment on a $192,804 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Waterloo listing goes under contract in 122 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 98.6% of asking. Price to that ratio from day one rather than chasing the market down in cuts.
- Your equity moved +2.8% in the last 12 months on the Zillow value series. That, not the price you paid, is what sets your net proceeds.
- Comparable ZIP-level pricing inside Waterloo varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Waterloo
There are currently 1 homes listed for sale in Waterloo, Alabama.
Active listings
1
Homes on market
Avg. days on market
122
Days until sale
How much do homes cost in Waterloo by property type?
How the Waterloo, AL market breaks down across single-family homes, condos and townhouses. Redfin, through July 2025
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $217,000 | $155/sq ft | 1 | 122 days |
Who lives in Waterloo?
American Community Survey estimates for Waterloo. U.S. Census ACS, 2023
Population
92
Households
57
Median income
$29,219/yr
Median age
60 years
Owner-occupied
87.7%
Median home value
$92,000
Median gross rent
$663/mo
Mean commute
23.8 min
87.7% of occupied homes in Waterloo are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market. The Census self-reported median home value is $92,000 against Zillow's $192,804 typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions.
Which public schools serve Waterloo?
1 schools tracked · 339 students
The largest public schools serving Waterloo, AL by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Waterloo High School
Grades PK-12 · 339 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Waterloo, AL?
Ordered by distance from Waterloo, not by size. Compare Waterloo side by side with any of them.
Waterloo housing market FAQ
Is Waterloo a buyer's or seller's market?
Waterloo, AL is currently a seller's market. That read comes from 1.0 months of supply, homes going under contract in about 122 days, and sellers getting 98.6% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Waterloo?
The typical home in Waterloo, AL is worth $192,804 (Zillow Home Value Index, July 2026). The median sale price in the last month Redfin published was $217,000, about $155 per square foot.
Is Waterloo cheaper than the rest of Alabama?
Waterloo's median sale price of $217,000 is 31% lower than the Alabama statewide median of $312,600, and 47% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Waterloo?
Homes in Waterloo, AL spent a median of 122 days on market before going under contract, versus 57 days statewide. Over two months means buyers have time to inspect, compare and negotiate. (Redfin, through May 2026.)
What income do you need to buy a home in Waterloo?
At the current 30-year fixed rate of 6.66%, 20% down on a $192,804 home is about $991 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $42,480 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $29,219.
Are home prices rising in Waterloo?
The typical home value in Waterloo, AL rose 2.8% over the last 12 months, from $187,634 to $192,804 (Zillow, July 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Waterloo?
Waterloo ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Waterloo?
That depends on your timeline, not on a headline. What the data says today: Waterloo, AL is a seller's market with 1.0 months of supply, the 30-year fixed rate is 6.66%. Properties Incorporated publishes the data; it does not give financial advice.
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