Real Estate Investing in Waterville, Iowa

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1 ZIP codes • Population: 527 • Allamakee County

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Should you buy in Waterville, IA? Our answer, based on the numbers below.

🏠 For Homebuyers
MIXED
Grade C (64/100)

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 Waterville, IA?

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3.0/ 5

Investability

Citywide average

4.0/ 5

Appreciation

7.5% 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 $320,294
Avg Monthly Rent $864
ZIP Codes 1

Investing in Waterville Real Estate

With a sizable population across 1 ZIPs, Waterville shows the kind of subdued fundamentals that keep most out-of-state capital on the sidelines.

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. Waterville is in that category.

clearly Waterville's sale market has not rewarded patience. a challenging fit for listings sit longer, price cuts are common, and rent growth has been flat to negative in multiple ZIPs.

Population dynamics in Waterville haven't been supportive. a stretch for combined with sluggish income growth, the demographic backdrop complicates any purely financial underwriting.

A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
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Landlord Ground Truth

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Avg Home Value
$320,294
Avg Monthly Rent
$864
1% Rule
✗ Below
Landlord Friendly (IA)

ZIP Codes in Waterville, IA

Screen every ZIP in Waterville

Filter Waterville’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 Waterville, IA

Is Waterville, IA good for landlords?

Waterville, IA operates under IA law, which is landlord-friendly overall for landlords. Expect stable treatment in typical lease and eviction cases.

Is the tenant base reliable in Waterville, IA?

Waterville, IA offers a even-keeled renter base at the $864/mo rent level. Tenant turnover is reasonable for well-managed properties.

Is Waterville, IA a smart market for rental property?

Yes - Waterville, IA a 3.0/5 investability score. With $320K home prices against $864/mo monthly rent, the market delivers a reasonable entry point for new investors.

What type of investing works in Waterville, IA?

In Waterville, IA the durable play is typically careful cash-flow rentals with hands-on management. The combination of $320K prices and $864/mo rents suits that approach.

Is housing expensive in Waterville, IA?

Expect median prices around $320K in Waterville, IA. The market has run at a 0.0% 5-year CAGR, so entry costs have been consistent.

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