New Listing
17
$78,500
915 Evergreen Ave
Waterloo, IA 50701
1 bd1 ba464 sqft$169/ft²
House6,534 sqft lot
Elke Gerdes · Structure Real Estate
View photos & details
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Waterloo, IA Housing Market
Strong seller's market-0.3% YoY
Zillow, August 2026 · Refreshes monthlyRedfin, through May 2026 · No longer updatingFreddie Mac via FRED, September 2026 · Refreshes weekly
The typical home in Waterloo, IA is worth $147,780, held roughly flat 0.3% over the past year (Zillow Home Value Index, August 2026). The last median sale price Redfin published was $200,000, +8.1% year over year (through May 2026). With 1.6 months of supply and homes going under contract in about 11 days, Waterloo is a strong seller's market. At today's 7.03% 30-year fixed rate, 20% down on a $147,780 home is about $789/mo in principal and interest.
Key numbers for Waterloo, IA
Typical home value
$147,780
-0.3% in 12 months
Zillow, August 2026
Typical asking rent
$945/mo
Zillow Observed Rent Index
Zillow, August 2026
Median sale price
$200,000
+8.1% year over year
Redfin, through May 2026
Days on market
11
Fast-moving
Redfin, through May 2026
Active listings
132
1.6 months of supply
Redfin, through May 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$56,344
Home costs 2.6x income
U.S. Census ACS, 2023
Sale-to-list ratio
98.4%
Selling below asking
Redfin, through May 2026
Zillow figures are as of August 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?
Strong seller's market1.6 months of supply11 days on market98.4% of asking
Waterloo, IA is a strong seller's market, based on 1.6 months of supply and homes selling in about 11 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, IA. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $200,000 |
| Median list price | $209,450 |
| Year-over-year price change | +8.1% |
| Median price per sq ft | $121/sq ft |
| Median days on market | 11 days |
| Active inventory | 132 listings |
| Months of supply | 1.6 months |
| Sale-to-list price ratio | 98.4% |
| Homes sold (that month) | 84 |
| New listings (that month) | 92 |
| Listings with a price cut | 34.1% |
| Market condition | Strong 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?
Over the last three years the median sale price in Waterloo, IA rose 28.6%, from $155,500 to $200,000. The live Zillow value series has held roughly flat 0.3% in the last 12 months, which is the more current read now that Redfin's series has stopped. 34.1% of Waterloo listings cut their asking price in the final Redfin month — a high share, and the clearest sign that list prices were running ahead of what buyers would pay. For prices to fall meaningfully from here, supply would have to keep building past 1.6 months while the sale-to-list ratio slips below its current 98.4%. Watch those two together — they move before the median does.
Redfin, through May 2026 — 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 $147,780 at the current 7.03% 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% | $29,556 | $118,224 | $789/mo |
| 5% | $7,389 | $140,391 | $937/mo |
Zillow, August 2026 for the price · Freddie Mac via FRED, September 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 $789, that implies roughly $33,811 a year before you add taxes and insurance. The median household in Waterloo earns $56,344, about $22,533 more than that threshold — the typical local household clears the payment on a typical local home with 20% down. That puts the price-to-income ratio at 2.6x — close to the historical 3x norm, which is unusual in 2026.
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?
Typical asking rent in Waterloo, IA is $945/mo, against a typical home value of $147,780. That is a price-to-rent ratio of 13.0x, which means buying tends to beat renting on monthly cost over a typical hold. Compared head to head, 20% down puts principal and interest at $789 a month — $156 less than renting before taxes and insurance, so ownership can win on monthly cost alone once you have the down payment.
Zillow, August 2026 for both value and rent
Add your own down payment, tax rate and time horizon in the rent vs. buy calculator.
Is inventory rising or falling in Waterloo?
Active listings in Waterloo, IA went from 127 in May 2025 to 132 in May 2026, a +3.9% change. Inventory has been roughly flat, which usually keeps prices moving with rates rather than with local supply.
| Month | Active listings | New listings |
|---|---|---|
| June 2025 | 128 | 91 |
| July 2025 | 134 | 100 |
| August 2025 | 152 | 119 |
| September 2025 | 174 | 103 |
| October 2025 | 187 | 96 |
| November 2025 | 190 | 75 |
| December 2025 | 210 | 82 |
| January 2026 | 177 | 54 |
| February 2026 | 168 | 79 |
| March 2026 | 155 | 74 |
| April 2026 | 147 | 89 |
| May 2026 | 132 | 92 |
Redfin, through May 2026
How does Waterloo compare to Iowa and the U.S.?
Waterloo homes sell for $200,000 — 23% below the Iowa median of $258,700. Against the national median of $410,700, Waterloo runs 51% lower. Year-over-year, Waterloo moved +8.1% against Iowa's +2.3% — a bigger swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Waterloo, IA | $200,000 | +8.1% | 11 days |
| Iowa statewide | $258,700 | +2.3% | 37 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through May 2026 · 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 1.6. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The share of listings cutting price, currently 34.1%. A listing that has already cut once is the one most likely to accept below asking.
- The gap between 5% and 20% down here is $148 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $147,780 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 11 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 98.4% of asking. Price to that ratio from day one rather than chasing the market down in cuts.
- In the last published month Waterloo added 92 new listings against 84 sales — more competition arriving than clearing, so early timing matters.
- Your equity moved -0.3% 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 132 homes listed for sale in Waterloo, Iowa. The median listing price is $209K. Featured listings range from $78,500 to $989,000.
New Listing
2
$109,000
406-408 Gladys St
Waterloo, IA 50702
Multi-family6,534 sqft lot
Justin Finn · Four Seasons Realtors Inc
View photos & details
New Listing
16
$115,900
1122 Oleson Rd
Waterloo, IA 50702
3 bd1 ba1,408 sqft$82/ft²
House5,227 sqft lot
Derick Rogers · Realty ONE Group Movement
View photos & details
New Listing
39
$124,900
434 Belmont Ave
Waterloo, IA 50701
2 bd1 ba864 sqft$145/ft²
Townhouse1,307 sqft lot
Lynette Sorensen · RE/MAX Concepts - Cedar Falls
View photos & details
New Listing
15
$146,990
701 Shirley St
Waterloo, IA 50707
2 bd1 ba728 sqft$202/ft²
House16,117 sqft lot
Mersiha Mustedanagic · Oakridge Real Estate
View photos & details
New Listing
26
$159,900
1746 Patton Ave
Waterloo, IA 50702
3 bd1 ba1,742 sqft$92/ft²
House10,019 sqft lot
Troy Olson · Oakridge Real Estate
View photos & details
New Listing
32
$189,900
1729 Liberty Ave
Waterloo, IA 50702
3 bd2 ba1,560 sqft$122/ft²
House10,019 sqft lot
Amy Wienands · AWRE, EXP Realty, LLC
View photos & details
New Listing
49
$224,900
137 Vera Dr
Waterloo, IA 50701
3 bd2 ba1,640 sqft$137/ft²
House11,326 sqft lot
Amy Wienands · AWRE, EXP Realty, LLC
View photos & details
New Listing
24
$325,000
4134 Mockingbird Ln
Waterloo, IA 50702
3 bd2 ba1,858 sqft$175/ft²
House11,326 sqft lot
Bryn Mangrich · Oakridge Real Estate
View photos & details
New Listing
49
$574,900
11145 Kimball Ave
Waterloo, IA 50701
3 bd4 ba3,492 sqft$165/ft²
House2.57 acres
Laurie Lynch · Oakridge Real Estate
View photos & details
New Listing
44
$679,900
4818 W 4th St
Waterloo, IA 50701
6 bd3 ba4,107 sqft$166/ft²
House34,412 sqft lot
Emsad Begic · Vine Valley Real Estate
View photos & details
New Listing
5
$989,000
3538 Inverness Rd
Waterloo, IA 50701
4 bd3 ba4,625 sqft$214/ft²
House21,780 sqft lot
Amy Wienands · AWRE, EXP Realty, LLC
View photos & details
Looking to buy in Waterloo?
Get connected with a local real estate expert — free, no obligation.
Active listings
132
Homes on market
Median list price
$209K
Avg. days on market
11
Days until sale
New this week
92
Newly listed
Price drops:34.1%of listings
Sale-to-list:98.4%
How much do homes cost in Waterloo by property type?
How the Waterloo, IA market breaks down across single-family homes, condos and townhouses. Redfin, through May 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $205,000 | $122/sq ft | 77 | 13 days |
| Condo / co-op | $175,500 | $110/sq ft | 4 | 15 days |
| Townhouse | $49,500 | $57/sq ft | 3 | 4 days |
Who lives in Waterloo?
American Community Survey estimates for Waterloo. U.S. Census ACS, 2023
Population
66,947
Households
28,947
Median income
$56,344/yr
Median age
36.6 years
Owner-occupied
61.1%
Median home value
$150,200
Median gross rent
$896/mo
Mean commute
16.2 min
61.1% 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 $150,200 against Zillow's $147,780 typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions. Census median gross rent (all leases, including long-held ones) is $896/mo, below Zillow's $945/mo asking rent on new leases — the difference is roughly what a mover pays over a stayer.
Which public schools serve Waterloo?
16 schools tracked · 9,659 students
The largest public schools serving Waterloo, IA 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.
West High School
Grades 9-12 · 1,713 students
East High School
Grades 9-12 · 1,013 students
Hoover Middle School
Grades 6-8 · 831 students
Kittrell Elementary School
Grades PK-5 · 613 students
Expo Alternative Learning Center
Grades 6-12 · 578 students
Orange Elementary School
Grades PK-5 · 507 students
Lincoln Elementary School
Grades PK-5 · 492 students
Lowell Elementary School
Grades PK-5 · 480 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, IA?
Ordered by distance from Waterloo, not by size. Compare Waterloo side by side with any of them.
Which ZIP codes are in Waterloo?
These are the ZIP codes we see on active Waterloo listings. Redfin did not publish a matching ZIP-level sale row for the same period, so we are not ranking them by price here — each ZIP page shows exactly what we hold for it.
Waterloo housing market FAQ
Is Waterloo a buyer's or seller's market?
Waterloo, IA is currently a strong seller's market. That read comes from 1.6 months of supply, homes going under contract in about 11 days, and sellers getting 98.4% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Waterloo?
The typical home in Waterloo, IA is worth $147,780 (Zillow Home Value Index, August 2026). The median sale price in the last month Redfin published was $200,000, about $121 per square foot.
Is Waterloo cheaper than the rest of Iowa?
Waterloo's median sale price of $200,000 is 23% lower than the Iowa statewide median of $258,700, and 51% 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, IA spent a median of 11 days on market before going under contract, versus 37 days statewide. Under three weeks means well-priced listings move before most buyers can schedule a second showing. (Redfin, through May 2026.)
What income do you need to buy a home in Waterloo?
At the current 30-year fixed rate of 7.03%, 20% down on a $147,780 home is about $789 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $33,811 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $56,344.
Are home prices rising in Waterloo?
The typical home value in Waterloo, IA held roughly flat 0.3% over the last 12 months, from $148,285 to $147,780 (Zillow, August 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, IA is a strong seller's market with 1.6 months of supply, the 30-year fixed rate is 7.03%, and the price-to-rent ratio of 13.0x means buying tends to beat renting on monthly cost over a typical hold. Properties Incorporated publishes the data; it does not give financial advice.
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