Waterloo-Cedar Falls
Iowa · Ranked #53 of 373 metros
90Affordable
💡
Housing in Waterloo-Cedar Falls costs 3.05× the median income, below the national average of 4.5×. The median home price is $190K and median rent is $929/month. Waterloo-Cedar Falls ranks #53 of 373 metros for affordability.
Median Home Price
🏠$190K
Need $56K income
Median Rent
🔑$929
Need $37K income
Building Permits
🔨337
annual
Median Income
💰$62K
Pop: 174,041
Rent Burden
⚠️20.8%
of renters paying >30%
Homeownership
🏡68.0%
Rent Burden
vs. National Average
Key Facts vs. National Average
| Metric | Waterloo-Cedar Falls | National |
|---|---|---|
| Price-to-Income Ratio | 3.05x | 6.1x |
| Rent Burden | 20.8% | 31.5% |
| Homeownership Rate | 68.0% | 65.5% |
| YoY Rent Change | 0% | +2.8% |
| Mortgage Denial Rate | 0.0% | 13.5% |
| Eviction Rate | 0.0% | 3.6% |
HUD Fair Market Rents (FY2026)
Section 8 voucher payment standards
Studio$725/mo
1 Bedroom$801/mo
2 Bedroom$1,051/mo
3 Bedroom$1,357/mo
4 Bedroom$1,763/mo
Zillow Market Data
Home Value (ZHVI)
$194K
1yr: +2.9%5yr: +32.8%
Rent (ZORI)
$1,095/mo
1yr: +3.3%5yr: +27.0%
Note: ZORI reflects current listing prices and may differ from the Census ACS median rent shown above, which captures what renters actually pay including below-market and subsidized units.
Redfin Market Activity
Median Sale Price
$196K
Active Inventory
15
Days on Market
7
Sold Above List
0.0%
Price Drops
20.0%