Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 11,130, 4,339 total housing units (homes and apartments), and a median house value of $311,753, Waterloo real estate and house prices are near the national average for all cities and towns.
Single-family detached homes are the single most common housing type in Waterloo, accounting for 75.34% of the city's housing units. Other types of housing that are prevalent in Waterloo include large apartment complexes or high rise apartments ( 11.78%), duplexes, homes converted to apartments or other small apartment buildings ( 7.21%), and a few row houses and other attached homes ( 5.67%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Waterloo. Owner-occupied housing accounts for 75.90% of Waterloo's homes, and 61.89% have either three or four bedrooms, which is average sized relative to America.
Waterloo homes and real estate are some of the newest in America. 37.31% of Waterloo's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Waterloo real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 30.20%), and between 1940-1969 ( 22.73%). There's also some housing in Waterloo built before 1939 ( 9.76%).
Waterloo's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Waterloo during the period has been just 4.79%, which is lower than 80% of US communities.
Over the last year, Waterloo appreciation rates have trailed the rest of the nation. In the last twelve months, Waterloo's appreciation rate has been 4.66%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Waterloo were at 1.09%, which equates to an annual appreciation rate of 4.45%.
Relative to Illinois, our data show that Waterloo's latest annual appreciation rate is lower than 80% of the other cities and towns in Illinois.
$311,753
for Illinois
for nation
4,339
$1,284 / per month