Waterloo, IA

  • Overview
  • Performance
  • Listings
  • Buy Box

Key Performance Metrics

Market snapshot

Performance indicators for the Waterloo short-term rental market based on reliable data.

Listings

41 / 101

Reliable / Active

Cap Rate

15%

Middle-Earners Gross Yield

Revenue

$22,352

Middle-Earners Revenue

Occupancy

62%

Middle-Earners Occupancy

Home Value

$148,985

Median Home Sale Price

Top Earners

$50,450

Top-Earners Revenue

Waterloo

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Waterloo.

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B

Generally Investor friendly

Waterloo Regulations

STRs are allowed under the general Rental Housing Program with a simple online registration ($25/unit) and a known annual cycle, no explicit caps, and a neutral supportive tone; the main friction is the non-owner-occupied requirement, responsible local agent mandate, and periodic inspections that add moderate cost/compliance steps.

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About Waterloo

Waterloo sits in Black Hawk County in northeastern Iowa, with a population of roughly 67,000 residents. It forms a continuous urban area with neighboring Cedar Falls and serves as the commercial and cultural anchor of the Cedar Falls–Waterloo metropolitan region. The city has long been recognized as a manufacturing center, particularly for agricultural equipment, and it holds a distinct place in American history as the hometown of the five Sullivan brothers, who all perished aboard the USS Juneau during World War II. Des Moines, the state capital, lies about 90 miles to the southwest, while the Twin Cities of Minneapolis and St. Paul are roughly 150 miles to the north.

The Grout Museum District in downtown Waterloo brings together several institutions covering regional history, science, and veterans' affairs. Its centerpiece is the Sullivan Brothers Iowa Veterans Museum, which honors the five brothers and the broader service history of Iowans. The district is a few minutes from most points in the city and offers an indoor experience that pairs well with a winter or rainy-day visit.

Just blocks away, the John Deere Tractor & Engine Museum traces the evolution of farm equipment from the era of the steel plow to modern precision agriculture. The museum underscores the company's deep roots in the region, where its manufacturing operations have shaped employment and identity for more than a century and continue to draw industry visitors to the area.

For outdoor recreation, George Wyth State Park sits just south of the city along the Cedar River, between Waterloo and Cedar Falls. The park offers miles of multi-use trails, paddling access, and picnic areas, and it connects to a broader greenway system that draws walkers, cyclists, and birders throughout the warmer months.

Families and summer travelers are drawn to Lost Island Waterpark, a tropical-themed waterpark and amusement complex on the south side of Waterloo, while the National Cattle Congress fairgrounds host livestock shows and seasonal entertainment. Across the river in Cedar Falls, the University of Northern Iowa adds a steady stream of campus visitors, parents, and prospective students throughout the academic year.

Waterloo's mix of regional employment, university traffic, family-friendly attractions, and easy access to both Des Moines and the Twin Cities gives short-term rental owners a varied guest base. Visitors arrive for work in manufacturing and healthcare, for reunions and graduations, for the city's cultural institutions, and for outdoor recreation along the Cedar River, making the area a steady year-round destination in northeast Iowa.

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