Rent to own Homes in Waterloo, IA
Finding a great place to live can be challenging when you don't know what your options are. Arm yourself with as much information as possible and you will make the task that much easier.
Waterloo, IA is a great place for affordable rent-to-own homes! With a median household income of over $46,942 and a median rent of $776, the Waterloo, IA rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Waterloo, IA. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
More Waterloo, IA Property Resources
Rent to own Homes in Cities Near Waterloo, IA
Neighborhoods in Waterloo, IA
Highland rent to own homes Walnut rent to own homes Ridgeway Towers rent to own homes Hurst rent to own homes Cedar River rent to own homes Neighborhors Who Care rent to own homes We Care rent to own homes Doe's rent to own homes Neighbors Helping Neighbors rent to own homes West Central rent to own homesBuying a Home in Waterloo, IA
Waterloo, IA is seeing rapid growth and Waterloo, IA's' housing market remains optimal with an average home price that is -46% below the 2025 national average. Waterloo, IA is part of Black Hawk county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2025 for county Black Hawk is 1.45% which is above the national average, which is 0.99%.
Median Home Price in Waterloo, IA
Median Rent in Waterloo, IA
Local RestaurantsWaterloo has a wide variety of restaurants and cuisines to satisfy even the most picky eater. Wander around and sample all this fine city has to offer. Two of the top restaurants in Waterloo are the Waterloo Brown Bottle and Cu Restaurant. At the Waterloo Brown you can enjoy perfectly cooked prime rib or a meatball sub. They also offer made to order pizza and a wide variety of Pastas. At Cu, the bacon crusted scallops are delicious!
Arts and CultureThe Waterloo Center for the Arts is a feast for the soul. This center specializes in the visual and performing arts and has the largest collection of Haitian art in the country. The Phelps Youth Pavilion is a great place to generate an interest and love for art in the next generation. With plenty of hands-on activity, every visit will be unique. The Grout Museum of History and Science is another attraction that you should check out. The planetarium is worth the visit all by itself, but the wide variety of exhibits, particularly Pioneer Hall, will keep you coming back for more.
Local Events and FestivalsThere is a great deal to experience in Waterloo. The most popular events are the various music and art events that run throughout the year at different venues. Two events you will want to plan to attend are the Iowa Irish Festival and the Fall Harvest Festival. The Iowa Irish Festival features an Irish Stew Cook and Irish music and dancing. The Fall Harvest Festival includes a prairie village where traditional pioneer activities will be demonstrated, as well as a scarecrow contest. You can also be sure that there will be many craft and food vendors present for this event. During the month of October there are various other Halloween and Harvest events such as Hay Rides, Strolling with the Spirits and the Zombie Ball held at the Grout Museum.
Local SportsThere is a lot to offer the sports enthusiast in Waterloo. High school sports are very popular here. Residents pack the stands at the games, especially when it's wrestling season. If you're into golf, play a round at the American Golf Course. If you're into tennis, then check out the Black Hawk Tennis Club and the Byrnes Park Tennis Center. And if you're into watching cars going really fast, head over to Cedar Falls Raceway to watch IHRA Drag Racing.
