Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$197,585+0.9% YoY · prices are rising
Market right nowBalanced marketMore homes for sale than last year, 23% have cut their price
Income needed to buy, per year$42,832About 0.6× the local median income ($73,501): affordable for a typical household
Days on market54 daysSlower than a year ago: buyers have time to negotiate
Next 12 months+2.4%Zillow expects prices to rise slightly
The typical home in Waterloo-Cedar Falls, IA is worth $197,585, up 0.9% from a year ago. That is slightly below what local incomes have historically supported: fair value is about $197,807, so the area is 0.1% undervalued. It is a balanced market: homes take about 54 days to sell, listings are up 6% from a year ago, 23% of listings have had a price cut. Zillow expects prices to rise about 2.4% over the next year. A household needs about $42,832 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $73,501. Typical rent is $1,023 a month, or $1,140 for a house. In the latest IRS figures, 104 more people moved out than in.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$197,585
Change in 1 year
+0.9%
Overvalued %
−0.1%
Show 7 more
Fair home value
$197,807
Change in 5 years
+26.0%
Zillow forecast, next 12 months
+2.4%
Home value to income
2.7×
Monthly mortgage payment (20% down)
$1,071
Income needed to afford it
$42,832
Property tax rate
1.43%
Rent and investing
Typical rent
$1,023
Typical rent for houses
$1,140
Price-to-rent ratio
16.1×
Show 3 more
HUD Fair Market Rent, 2 bedrooms
$1,085
Gross rental yield
6.22%
Cap rate (estimate)
4.04%
Market activity
Listings vs a year ago
+6.4%
Days on market
54
Listings with a price cut
23.0%
Show 3 more
Homes for sale
485
Pending sales per 100 listings
46
Asking price per sq ft
$145
People and jobs
Median household income
$73,501
Population change (1 year)
−0.0%
Unemployment rate
4.2%
Show 4 more
Population
169,189
Income adjusted for cost of living
$84,387
Net moves in (IRS)
−104
Cost of living (US = 100)
87.1
Schools, risk and environment
School rating (1 to 10)
5.9
FEMA hazard risk score (0 to 100)
64.2
Unhealthy air days a year
2
Show 4 more
Flood risk score
65.6
Wildfire risk score
32.7
Walkability (1 to 20)
7.5
Road, rail and air noise
54 dB
Questions people ask
Is Waterloo-Cedar Falls, IA overvalued?
Home prices in Waterloo-Cedar Falls, IA are slightly below what local incomes have historically supported: fair value is about $197,807, so the area is 0.1% undervalued.
Is Waterloo-Cedar Falls, IA a buyer's or seller's market?
Waterloo-Cedar Falls, IA is a balanced market: homes take about 54 days to sell, listings are up 6% from a year ago, 23% of listings have had a price cut.
Are home prices going down in Waterloo-Cedar Falls, IA?
Home values in Waterloo-Cedar Falls, IA are up 0.9% over the last year. Zillow's forecast for the next 12 months is +2.4%.
How much do you need to earn to buy a home in Waterloo-Cedar Falls, IA?
A household needs about $42,832 a year to afford the typical home in Waterloo-Cedar Falls, IA at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $73,501.