Waterloo, IA home prices
Typical home $197,585 · +0.9% in a year · income needed $60,400
The Waterloo, IA metro area ranks 649 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +0.9% in a year and +26.0% over five years. With 20% down at 7.11%, the typical home costs about $1,410 a month including 1.5% property tax (Black Hawk County rate).
Mortgage on the typical Waterloo home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $39,517 | $158,068 | $1,063 | $0 | $347 | $1,410 | $60,400 |
| 10% down | $19,759 | $177,827 | $1,196 | $74 | $347 | $1,617 | $69,300 |
| 5% down | $9,879 | $187,706 | $1,263 | $78 | $347 | $1,687 | $72,300 |
| 3.5% down (FHA) | $6,915 | $194,006 | $1,305 | $87 | $347 | $1,739 | $74,500 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.5% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Counties in the Waterloo area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Black Hawk County, IA | $185,880 | +0.4% | 1.5% |
| Bremer County, IA | $258,393 | +1.9% | 1.29% |
| Grundy County, IA | $218,375 | +2.0% | 1.14% |
What can you afford in Iowa on your salary? · Iowa home prices · Salaries in Iowa
Frequently asked questions
How much is a house in Waterloo?
The typical home in the Waterloo, IA metro area is worth $197,585 (Zillow, September 2026).
What salary do you need to buy a house in Waterloo?
About $60,400 a year for the typical home with 20% down at 7.11%.