Waterloo, IL Real Estate

According to census data in the year 2000 there were 2,961 housing units in Waterloo. This represents a 45.1% growth from 2,040 in 1990.

Of those housing units, 2,788 were located in either urbanized areas or urban clusters, and 173 were located in what is classified as a rural area.

Homeownership rate in Waterloo is about 71.2%. Waterloo's vacancy rate, including seasonal lodging, is about 3%. Average household size is 2.51 people.

The majority of houses, apartments or condos in Waterloo were built after 1971.


Housing Size

Housing Units by Size
Studio Type0.90%
One Bedroom7.20%
Two Bedrooms34.20%
Three Bedrooms44.40%
Four Bedrooms10.80%
Five Bedrooms or more2.60%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.61
Median year structure was built1970
Median Value of occupied units$119,600
Median Price asked for vacant units$187,500

Rented Homes, Apartments and Condos

Average Household Size2.25
Median year structure was built1972

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage8%
Home Equity Loan7.20%
Simple Mortgage47.70%
Debt Free37.10%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs16.7%