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Waterloo, IA Townhome for Sale

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    $118,000

    • 3 Beds
    • 1 Bath
    • 1,232 Sq Ft

    517 W 9th St, Waterloo, IA 50702

    This is a fantastic investor opportunity to purchase two properties as a package deal! Located side by side at 517 W 9th St and 519 W 9th St in Waterloo, IA, each home is priced at $59,000 and offers great potential. 517 W 9th St features 3 bedrooms, 1 bathroom, hardwood flooring, and LVP throughout, offering a spacious layout ready for your updates. 519 W 9th St, also a 3-bedroom, 1-bathroom

    James Snider Cedar Valley Property Solutions-Charles City

    517 W 9th St, Waterloo, IA 50702

Why Live in Waterloo

Waterloo combines family entertainment and outdoor recreation with the Lost Island Waterpark and adjacent Theme Park providing summer thrills. The Cedar Valley Arboretum & Botanic Gardens creates peaceful spaces for nature walks, while the Cedar Valley Nature Trail system extends through the city for hiking and biking. Cultural attractions include the Grout Museum District, Sullivan Brothers Iowa Veterans Museum, and the Waterloo Center for the Arts. The dining scene features local institutions like The Brown Bottle, housed in the historic Russell Lamson Building since 1972, alongside casual spots such as SingleSpeed Brewing and El Patron Family Mexican Restaurant. The housing market presents diverse options across price points. The median sale price for homes in Waterloo is $164,000. Single family homes comprise most available properties, with median prices varying by neighborhood from $60,500 in Cityview to $140,600 in Maywood. The median townhome price sits at $97,400, while one bedroom condos have a median price of $83,900 and two bedroom condos $159,400. The cost of living in Waterloo stands 13.1% below the national average. A family with school age children needs approximately $92,000 annually to live comfortably, while renters require about $44,000. Property taxes in Black Hawk County run 1.53%, with a 6.94% combined sales tax rate. Monthly housing costs average $1,900 for families and $1,300 for renters. Groceries cost about 4% less than the national average. Waterloo Christian School serves multiple neighborhoods with AMinus ratings for its elementary through high school programs. Major employers include John Deere's manufacturing facility, UnityPoint Health, and Tyson Fresh Meats. The Metropolitan Transit Authority connects Waterloo to Cedar Falls, while the regional airport provides commercial flights. Downtown features historic architecture, shops, and the RiverLoop Amphitheatre along the Cedar River.

Home Trends in Waterloo, IA

Housing Trends

Median Sale Price
$164,000
Median Single Family Sale Price
$166,000
Median Townhouse Sale Price
$126,450
Median 2 Bedroom Sale Price
$161,250
Median 1 Bedroom Sale Price
$83,850
Average Price Per Sq Ft
$153
Number of Homes for Sale
116
Last 12 months Home Sales
835
Months of Supply
1.70
Median List Price
$169,900
Median Change From 1st List Price
2%
Median Home Sale Price YoY Change
6%
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