Real Estate Investing in Waterloo, Illinois

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1 ZIP codes • Population: 17,907 • Monroe County

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Should you buy in Waterloo, IL? Our answer, based on the numbers below.

🏠 For Homebuyers
MIXED
Grade C (67/100)

Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.

📈 For Investors
MIXED
3.0 / 5 (47/100)

A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.

⚠️ Risks to Know
CLEAN

No major risk flags on the data we track.

What’s happening in Waterloo, IL?

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3.0/ 5

Investability

Citywide average

3.0/ 5

Appreciation

5.5% 5yr CAGR

5.0/ 5

Landlord Climate

Regulatory friendliness

🏦 30-yr Fixed Rate: 6.76% as of Sep 10 Source: Freddie Mac PMMS
Avg Investability
Avg Home Value $334,210
Avg Monthly Rent $945
ZIP Codes 1

Investing in Waterloo Real Estate

This is a distressed-leaning corner of Illinois: Waterloo has 1 ZIPs and a sizable population, and the investment math only works for investors who truly understand the market.

A 3.0 rating and a 5-year CAGR of 0.0% are the kinds of numbers that warrant real local underwriting, not spreadsheet tourism. Waterloo is in that category.

Rents in Waterloo at $945/mo have struggled to keep pace with cost increases, and vacancy has risen in pockets — a dynamic that compresses realized returns well below headline cap rates.

Distressed-leaning demographics in Waterloo — soft income growth, high rent burden, population shifts — are among the reasons the ★★★☆☆ rating sits where it does.

A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
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Best ZIP codes in St. Louis, MO-IL

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Cash Flow → Appreciation → Affordable → 1% Rule →

Landlord Ground Truth

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Avg Home Value
$334,210
Avg Monthly Rent
$945
1% Rule
✗ Below
Landlord Friendly (IL)

🎓 Colleges & Universities in Waterloo

1 College 21 Students
C
Creative Touch Cosmetology School
Vocational For-Profit · 21 students

ZIP Codes in Waterloo, IL

Screen every ZIP in Waterloo

Filter Waterloo’s ZIPs by cap rate, vacancy, appreciation and 30+ more criteria, and export your shortlist to CSV — with the Investor plan ($19/mo).

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Frequently Asked Questions About Waterloo, IL

Is Waterloo, IL a smart market for rental property?

Yes - Waterloo, IL a 3.0/5 investability score. With $334K home prices against $945/mo monthly rent, the market delivers a reasonable entry point for new investors.

What kind of tenants rent in Waterloo, IL?

Tenant demand in Waterloo, IL is solid. The local workforce $945/mo rents across most rental classes.

What real estate strategy is ideal for Waterloo, IL?

Investors who focus on careful cash-flow rentals with hands-on management typically do well in Waterloo, IL. The numbers - $334K homes against $945/mo rents - support that play.

Is house hacking profitable in Waterloo, IL?

For house hackers, Waterloo, IL is a challenging. The $945/mo rent on a unit helps defray the mortgage on a $334K property.

What is the average monthly rent in Waterloo, IL?

The typical rental in Waterloo, IL commands about $945/mo monthly. That rent profile consistent cash flow against the $334K purchase basis.

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