WATERLOO - CEDAR FALLS Mortgage Rates & Closing Costs

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    • 30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

    30 Year Fixed Rate mortgages in Waterloo - Cedar Falls averaged 6.65% for the week of 2023-09-21, compared to the national average of 7.19% for the same period.

    The average rate for the prior week (2023-09-14) was 6.44% and one month ago for the week of 2023-08-17, the average rate was 6.35%.

    Waterloo - Cedar Falls's average rate one year ago was 5.38%.

    For refis of the same type during the week of 2023-09-21, the average rate was 6.17%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2023-09-21 7.19%
    Waterloo - Cedar Falls 30 Year Fixed Rate 2023-09-21 6.65%
    Waterloo - Cedar Falls 30 Year Fixed Rate Refi 2023-09-21 6.17%
    Waterloo - Cedar Falls 15 Year Fixed Rate 2023-09-21 6.43%
    Waterloo - Cedar Falls 15 Year Fixed Rate Refi 2023-09-21 5.56%
    Waterloo - Cedar Falls 30 Year FHA 2023-09-21 6.67%
    Waterloo - Cedar Falls 30 Year FHA Refi 2023-09-21 7.04%
    Waterloo - Cedar Falls 30 Year USDA 2023-09-21 7.02%
    Waterloo - Cedar Falls 30 Year USDA Refi 2023-09-21 6.92%
    Waterloo - Cedar Falls 30 Year VA 2023-09-21 6.46%
    Waterloo - Cedar Falls 30 Year VA Refi 2023-09-21 6.62%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within WATERLOO-CEDAR FALLS, IA.

    WATERLOO - CEDAR FALLS Top Lenders by Rates & Fees

    The below table looks at the consensus average rates and fees provided by each lender, for only loans originated in the WATERLOO-CEDAR FALLS, IA market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).

    Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    VERIDIAN CREDIT UNION 777 4.66% $1,807
    GREENSTATE CREDIT UNION 592 4.09% $1,829
    Farmers State Bank 148 4.41% $1,751
    Collins Community Credit Union 118 4.35% $1,713
    IOWA BANKERS MORTGAGE CORPORATION 73 4.43% $1,989
    Deere Employees Credit Union 72 3.41% $2,517
    Lincoln Savings Bank 72 4.67% $2,943
    DUPACO COMMUNITY 40 4.25% $2,875
    U.S. Bank 27 4.78% $2,974
    QUICKEN LOANS, LLC 25 5.20% $6,138
    AMERICAN PACIFIC MORTGAGE CORPORATION 25 5.63% $4,625
    Wells Fargo Bank 24 4.50% $3,115
    Fidelity Bank & Trust 20 4.90% $2,034
    BankIowa of Cedar Rapids 12 4.36% $2,060
    MidWestOne Bank 12 4.60% $2,868
    UNITED WHOLESALE MORTGAGE, LLC 8 5.74% $6,040
    LOANDEPOT.COM, LLC 7 4.14% $3,744
    AMERISAVE MORTGAGE CORPORATION 7 4.46% $7,629
    GUARANTEED RATE, INC. 7 5.54% $3,647
    Regions Bank 6 5.15% $4,854
    MOVEMENT MORTGAGE, LLC 5 3.59% $2,275
    LAND HOME FINANCIAL SERVICES, INC. 4 5.81% $3,683
    Bank Iowa 4 5.03% $2,087
    Hills Bank and Trust Company 4 3.97% $1,985
    Farm Credit Mid-America, ACA 3 5.15% $5,663
    Central Bank 3 4.46% $4,826
    NEWREZ LLC 3 4.08% $6,226
    Mr. Cooper ( Nationstar Mortgage ) 3 5.16% $4,794
    Bank of America 3 4.83% $2,750
    AMERICAN FINANCING CORPORATION 3 5.21% $4,776
    ROYAL UNITED MORTGAGE LLC 2 5.69% $5,832
    CARDINAL FINANCIAL 2 6.00% $4,313
    Bankers' Bank 2 4.75% $2,153
    PENNYMAC LOAN SERVICES, LLC 2 4.69% $8,587
    Farmers & Merchants Savings Bank 2 4.38% $3,423
    BETTER MORTGAGE CORPORATION 2 2.88% $3,763
    R.I.A. Federal Credit Union 1 4.38% $2,281
    RUOFF MORTGAGE COMPANY, INC. 1 4.75% $1,368
    The Central Trust Bank 1 4.88% $1,653
    The Huntington National Bank 1 5.25% $5,247
    Truist 1 2.99% $2,719
    UNIVERSAL LENDING CORPORATION 1 5.25% $2,484
    Vibrant Credit Union 1 4.13% $2,323
    West Gate Bank 1 4.75% $1,854
    Access Bank 1 5.50% $2,306
    WINGS FINANCIAL 1 5.25% $1,822
    American National Bank 1 5.88% $2,866
    ANGEL OAK HOME LOANS LLC 1 6.88% $2,859
    Arbor Bank 1 6.50% $2,375
    Baxter Credit Union 1 4.63% $2,424
    BMO Harris Bank 1 5.25% $3,922
    BOKF 1 4.50% $2,402
    BROKER SOLUTIONS, INC. 1 5.99% $4,558
    Carrington Mortgage Services, LLC 1 5.25% $7,362
    Chicago Mortgage Solutions LLC 1 2.88% $3,251
    CITY FIRST MORTGAGE SERVICES, L.L.C. 1 5.88% $12,943
    CROSSCOUNTRY MORTGAGE, LLC 1 4.45% $3,222
    Fidelity Bank 1 5.38% $2,901
    Fifth Third Bank 1 4.00% $7,978
    FINANCE OF AMERICA MORTGAGE LLC 1 3.99% $3,447
    FIRST 1 4.88% $2,286
    First Internet Bank of Indiana 1 4.75% $4,035
    First Interstate Bank 1 3.50% $3,846
    FREEDOM MORTGAGE CORPORATION 1 4.88% $5,136
    Gateway First Bank 1 6.63% $2,938
    GREATER IOWA CREDIT UNION 1 4.50% $1,952
    Great Western Bank 1 3.38% $3,201
    Heartland Bank and Trust Company 1 4.25% $1,264
    HOME POINT FINANCIAL CORPORATION 1 5.50% $3,474
    HOMESERVICES LENDING, LLC 1 3.25% $2,309
    JPMorgan Chase Bank 1 3.63% $0
    JUSTICE Federal Credit Union 1 4.63% $3,784
    LAKEVIEW LOAN SERVICING, LLC 1 6.75% $7,883
    LINN AREA 1 5.00% $1,900
    Luana Savings Bank 1 3.25% $1,287
    Morgan Stanley Private Bank 1 6.00% $2,528
    Northwest Bank 1 4.00% $4,474
    PHH Mortgage Corporation 1 5.38% $5,524
    Platinum Home Mortgage Corporation 1 5.49% $6,548
    PNC Bank 1 4.50% $5,262
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 6.88% $6,232

    WATERLOO - CEDAR FALLS Average Closing Costs & Other Stats

    WATERLOO-CEDAR FALLS, IA's 81 lenders originated 5,903 loans during 2022. The total origination value was $809,315,000, with an average loan value of $137,102.

    WATERLOO - CEDAR FALLS's average closing costs are $2,366.

    The top WATERLOO - CEDAR FALLS lender as defined by loan originations is VERIDIAN CREDIT UNION, with 777 loans originated. Their average total fees are $1,807, which is $22 lower than the next largest lender, GREENSTATE CREDIT UNION.

    The lowest fee WATERLOO - CEDAR FALLS lenders (with over 10 loans originated) are Collins Community Credit Union ($1,713), Farmers State Bank ($1,751), VERIDIAN CREDIT UNION ($1,807), GREENSTATE CREDIT UNION ($1,829) and IOWA BANKERS MORTGAGE CORPORATION ($1,989).

    The lowest rate WATERLOO - CEDAR FALLS lenders (with over 10 loans originated) are Deere Employees Credit Union (3.41%), GREENSTATE CREDIT UNION (4.09%), DUPACO COMMUNITY (4.25%), Collins Community Credit Union (4.35%) and BankIowa of Cedar Rapids (4.36%).

    WATERLOO-CEDAR FALLS, IA Mortgage Market Share & Volume

    Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.

    Name 2021 Loan Value 2022 Loan Value % Change 2022 Market Share
    VERIDIAN CREDIT UNION $298,845,000 $209,080,000 -30.0% 25.8%
    GREENSTATE CREDIT UNION $281,305,000 $173,705,000 -38.3% 21.5%
    Farmers State Bank $78,375,000 $59,020,000 -24.7% 7.3%
    Collins Community Credit Union $49,615,000 $29,460,000 -40.6% 3.6%
    Deere Employees Credit Union $22,655,000 $24,940,000 10.1% 3.1%
    First Bank $15,195,000 $23,370,000 53.8% 2.9%
    Lincoln Savings Bank $47,075,000 $20,315,000 -56.8% 2.5%
    IOWA BANKERS MORTGAGE CORPORATION $85,110,000 $19,935,000 -76.6% 2.5%
    First Interstate Bank $18,760,000 n/a 2.3%
    U.S. Bank $29,500,000 $18,590,000 -37.0% 2.3%
    CEDAR FALLS COMMUNITY CREDIT UNION $25,095,000 $17,535,000 -30.1% 2.2%
    BankIowa of Cedar Rapids $23,955,000 $14,505,000 -39.4% 1.8%
    M&T Realty Capital Corporation $13,465,000 n/a 1.7%
    DUPACO COMMUNITY $26,660,000 $13,215,000 -50.4% 1.6%
    Denver Savings Bank $16,865,000 $11,680,000 -30.7% 1.4%
    QUICKEN LOANS, LLC $30,075,000 $11,385,000 -62.1% 1.4%
    Luana Savings Bank $23,140,000 $9,060,000 -60.8% 1.1%
    Mortgage Research Center, LLC $6,025,000 $8,510,000 41.2% 1.1%
    AMERICAN PACIFIC MORTGAGE CORPORATION $240,000 $8,315,000 3,364.6% 1.0%
    Fidelity Bank & Trust $15,980,000 $7,805,000 -51.2% 1.0%
    Great Western Bank $16,080,000 $6,505,000 -59.5% 0.8%
    MidWestOne Bank $9,860,000 $6,045,000 -38.7% 0.7%
    Wells Fargo Bank $7,900,000 $5,840,000 -26.1% 0.7%
    LOANDEPOT.COM, LLC $4,270,000 $3,845,000 -10.0% 0.5%
    Hills Bank and Trust Company $5,695,000 $3,690,000 -35.2% 0.5%
    GUARANTEED RATE, INC. $1,010,000 $3,080,000 205.0% 0.4%
    Green Belt Bank & Trust $3,420,000 $2,860,000 -16.4% 0.4%
    Northwest Bank $1,315,000 $2,815,000 114.1% 0.3%
    MOVEMENT MORTGAGE, LLC $720,000 $2,600,000 261.1% 0.3%
    GNB Bank $5,390,000 $2,550,000 -52.7% 0.3%
    AMERISAVE MORTGAGE CORPORATION $2,770,000 $2,545,000 -8.1% 0.3%
    FREEDOM MORTGAGE CORPORATION $8,615,000 $2,480,000 -71.2% 0.3%
    UNITED WHOLESALE MORTGAGE, LLC $2,090,000 $2,455,000 17.5% 0.3%
    PENNYMAC LOAN SERVICES, LLC $4,800,000 $2,395,000 -50.1% 0.3%
    Regions Bank $3,110,000 $2,320,000 -25.4% 0.3%
    BROKER SOLUTIONS, INC. $1,455,000 $2,185,000 50.2% 0.3%
    KeyBank $1,705,000 n/a 0.2%
    Mr. Cooper ( Nationstar Mortgage ) $4,215,000 $1,600,000 -62.0% 0.2%
    Farmers & Merchants Savings Bank $950,000 $1,515,000 59.5% 0.2%
    Carrington Mortgage Services, LLC $2,095,000 $1,395,000 -33.4% 0.2%
    USAA Federal Savings Bank $545,000 $1,375,000 152.3% 0.2%
    Kerndt Brothers Savings Bank $3,320,000 $1,215,000 -63.4% 0.2%
    NAVY FEDERAL CREDIT UNION $655,000 $1,170,000 78.6% 0.1%
    NEWREZ LLC $6,525,000 $1,165,000 -82.1% 0.1%
    Bank Iowa $2,425,000 $1,105,000 -54.4% 0.1%
    NEW DAY FINANCIAL, LLC $1,545,000 $1,095,000 -29.1% 0.1%
    Cedar Rapids Bank and Trust Company $720,000 $1,055,000 46.5% 0.1%
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $1,375,000 $950,000 -30.9% 0.1%
    Bank of America $620,000 $940,000 51.6% 0.1%
    Farm Credit Mid-America, ACA $1,045,000 $920,000 -12.0% 0.1%
    Flagstar Bank, FSB $1,040,000 $850,000 -18.3% 0.1%
    Central Bank $655,000 $795,000 21.4% 0.1%
    BMO Harris Bank $710,000 n/a 0.1%
    LAND HOME FINANCIAL SERVICES, INC. $245,000 $655,000 167.3% 0.1%
    Servion, Inc. $1,245,000 $650,000 -47.8% 0.1%
    AMERICAN FINANCING CORPORATION $1,095,000 $610,000 -44.3% 0.1%
    The Huntington National Bank $550,000 n/a 0.1%
    BETTER MORTGAGE CORPORATION $1,830,000 $530,000 -71.0% 0.1%
    Heartland Bank and Trust Company $485,000 $530,000 9.3% 0.1%
    LAKEVIEW LOAN SERVICING, LLC $1,265,000 $520,000 -58.9% 0.1%
    North American Savings Bank, F.S.B. $475,000 n/a 0.1%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $465,000 n/a 0.1%
    CITY FIRST MORTGAGE SERVICES, L.L.C. $435,000 n/a 0.1%
    PNC Bank $65,000 $430,000 561.5% 0.1%
    21ST MORTGAGE CORPORATION $370,000 $420,000 13.5% 0.1%
    Citizens Bank $615,000 $390,000 -36.6% 0.0%
    Flanagan State Bank $1,460,000 $375,000 -74.3% 0.0%
    GUILD MORTGAGE COMPANY $5,025,000 $365,000 -92.7% 0.0%
    Mount Vernon Bank and Trust Company $115,000 $360,000 213.0% 0.0%
    Baxter Credit Union $585,000 $345,000 -41.0% 0.0%
    Platinum Home Mortgage Corporation $345,000 n/a 0.0%
    WINGS FINANCIAL $195,000 $345,000 76.9% 0.0%
    ROYAL UNITED MORTGAGE LLC $530,000 $340,000 -35.8% 0.0%
    R.I.A. Federal Credit Union $335,000 n/a 0.0%
    Barrington Bank & Trust Company, N.A. $1,060,000 $330,000 -68.9% 0.0%
    Morgan Stanley Private Bank $325,000 n/a 0.0%
    TRIAD FINANCIAL SERVICES, INC. $260,000 $315,000 21.2% 0.0%
    Keystone Savings Bank $310,000 n/a 0.0%
    Ohnward Bank & Trust $435,000 $300,000 -31.0% 0.0%
    COMPASS MORTGAGE, INC. $285,000 n/a 0.0%
    Gateway First Bank $125,000 $275,000 120.0% 0.0%
    LIBERTY HOME MORTGAGE CORPORATION $165,000 $270,000 63.6% 0.0%
    OPEN MORTGAGE, LLC $325,000 $270,000 -16.9% 0.0%
    RUOFF MORTGAGE COMPANY, INC. $190,000 $260,000 36.8% 0.0%
    Access Bank $255,000 n/a 0.0%
    LEADERONE FINANCIAL CORPORATION $255,000 n/a 0.0%
    Bankers' Bank $245,000 $250,000 2.0% 0.0%
    MEMBERS1st Community Credit Union $165,000 $240,000 45.5% 0.0%
    Midwest Heritage Bank FSB $720,000 $240,000 -66.7% 0.0%
    American National Bank $235,000 n/a 0.0%
    DOMINION FINANCIAL SERVICES, LLC $235,000 n/a 0.0%
    LINN AREA $460,000 $235,000 -48.9% 0.0%
    United Bank of Iowa $235,000 n/a 0.0%
    First International Bank & Trust $320,000 $230,000 -28.1% 0.0%
    INLANTA MORTGAGE, INC. $305,000 $230,000 -24.6% 0.0%
    Chicago Mortgage Solutions LLC $175,000 $225,000 28.6% 0.0%
    FirstBank $215,000 $225,000 4.7% 0.0%
    PLANET HOME LENDING, LLC $225,000 n/a 0.0%
    The Central Trust Bank $690,000 $225,000 -67.4% 0.0%
    VILLAGE CAPITAL MORTGAGE $910,000 $225,000 -75.3% 0.0%
    PHH Mortgage Corporation $390,000 $220,000 -43.6% 0.0%
    Truist $120,000 $215,000 79.2% 0.0%
    Waterstone Mortgage Corporation $295,000 $215,000 -27.1% 0.0%
    GREATER IOWA CREDIT UNION $165,000 $210,000 27.3% 0.0%
    HOME POINT FINANCIAL CORPORATION $3,235,000 $210,000 -93.5% 0.0%
    Community Choice Credit Union $205,000 n/a 0.0%
    HOMESERVICES LENDING, LLC $165,000 $205,000 24.2% 0.0%
    AmeriHome Mortgage Company, LLC $805,000 $195,000 -75.8% 0.0%
    Fifth Third Bank $195,000 n/a 0.0%
    MARINE $605,000 $195,000 -67.8% 0.0%
    AMERICAN HERITAGE FCU $185,000 n/a 0.0%
    CMG MORTGAGE, INC. $185,000 n/a 0.0%
    Washington State Bank $185,000 n/a 0.0%
    BOKF $250,000 $180,000 -28.0% 0.0%
    JPMorgan Chase Bank $340,000 $165,000 -51.5% 0.0%
    UNIVERSAL LENDING CORPORATION $165,000 n/a 0.0%
    Arbor Bank $155,000 n/a 0.0%
    First State Bank $155,000 n/a 0.0%
    JUSTICE Federal Credit Union $155,000 n/a 0.0%
    V.I.P. MORTGAGE, INC. $145,000 $155,000 6.9% 0.0%
    Farmers State Bank $78,375,000 $135,000 -99.8% 0.0%
    Fidelity Bank $135,000 n/a 0.0%
    DAS Acquisition Company, LLC $23,080,000 $125,000 -99.5% 0.0%
    First Internet Bank of Indiana $125,000 n/a 0.0%
    M&T Bank $190,000 $125,000 -34.2% 0.0%
    The Security National Bank of Sioux City, Iowa $125,000 n/a 0.0%
    Equity Prime Mortgage LLC $115,000 n/a 0.0%
    Peoples Bank $115,000 n/a 0.0%
    ALLIANT $105,000 n/a 0.0%
    Cornerstone Bank $105,000 n/a 0.0%
    FINANCE OF AMERICA MORTGAGE LLC $920,000 $105,000 -88.6% 0.0%
    I. H. MISSISSIPPI VALLEY CREDIT UNION $105,000 n/a 0.0%
    West Gate Bank $125,000 $105,000 -16.0% 0.0%
    First National Bank of America $255,000 $95,000 -62.7% 0.0%
    PLAZA HOME MORTGAGE, INC. $95,000 n/a 0.0%
    Vibrant Credit Union $655,000 $95,000 -85.5% 0.0%
    COLUMBIA COMMUNITY CREDIT UNION $85,000 n/a 0.0%
    Ixonia Bank $55,000 $85,000 54.5% 0.0%
    TruBank $85,000 n/a 0.0%
    Ally Bank $260,000 $75,000 -71.2% 0.0%
    CHERRY CREEK MORTGAGE, LLC $75,000 $75,000 0.0% 0.0%
    CROSSCOUNTRY MORTGAGE, LLC $245,000 $75,000 -69.4% 0.0%
    FIRST $85,000 $75,000 -11.8% 0.0%
    Independent Bank $75,000 n/a 0.0%
    ANGEL OAK HOME LOANS LLC $65,000 n/a 0.0%
    Community Savings Bank $1,755,000 $65,000 -96.3% 0.0%
    SPRING EQ, LLC $175,000 $60,000 -65.7% 0.0%
    American Mortgage & Equity Consultants, Inc. $55,000 n/a 0.0%
    Centier Bank $120,000 $55,000 -54.2% 0.0%
    Figure Lending LLC $80,000 $50,000 -37.5% 0.0%
    HOMEBRIDGE FINANCIAL SERVICES, INC. $255,000 $45,000 -82.4% 0.0%
    Bankers Trust Company $35,000 n/a 0.0%
    AMERICAN ADVISORS GROUP $25,000 n/a 0.0%

    WATERLOO - CEDAR FALLS's top lender by overall market share is VERIDIAN CREDIT UNION, with 25.8% market share. In second place, with 21.5%, is GREENSTATE CREDIT UNION, having originated $173,705,000 in loans. In third place, with 7.3%, is Farmers State Bank, having originated $59,020,000 in loans. In fourth place, with 3.6%, is Collins Community Credit Union, having originated $29,460,000 in loans. In fifth place, with 3.1%, is Deere Employees Credit Union, having originated $24,940,000 in loans.

    WATERLOO - CEDAR FALLS Housing Market Trends (Median, Average Prices & Listing Count)

    Realtor.com - WATERLOO - CEDAR FALLS (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
    2018-01-01 $134,450 (-0.4%) $174,971 (3.1%) 0.50 638
    2018-02-01 $136,675 (-2.0%) $172,046 (0.1%) 0.50 609
    2018-03-01 $139,900 (-3.3%) $174,382 (-2.5%) 0.49 578
    2018-04-01 $144,350 (-2.9%) $179,836 (-0.4%) 0.49 563
    2018-05-01 $140,950 (-2.8%) $180,471 (0.9%) 0.47 573
    2018-06-01 $145,000 (-0.5%) $183,976 (2.5%) 0.48 622
    2018-07-01 $146,750 (1.2%) $183,529 (2.2%) 0.49 652
    2018-08-01 $144,900 (-0.2%) $183,942 (1.1%) 0.49 682
    2018-09-01 $143,000 (0.2%) $185,299 (3.5%) 0.48 660
    2018-10-01 $144,750 (3.5%) $184,141 (2.4%) 0.49 656
    2018-11-01 $144,900 (3.9%) $182,257 (2.3%) 0.49 642
    2018-12-01 $139,900 (4.5%) $183,931 (6.3%) 0.48 595
    2019-01-01 $143,700 (6.9%) $187,857 (7.4%) 0.50 529
    2019-02-01 $148,100 (8.4%) $193,314 (12.4%) 0.50 496
    2019-03-01 $154,186 (10.2%) $204,567 (17.3%) 0.50 484
    2019-04-01 $159,186 (10.3%) $209,612 (16.6%) 0.51 499
    2019-05-01 $162,400 (15.2%) $212,437 (17.7%) 0.51 529
    2019-06-01 $170,700 (17.7%) $216,139 (17.5%) 0.53 578
    2019-07-01 $170,700 (16.3%) $214,085 (16.7%) 0.53 560
    2019-08-01 $167,118 (15.3%) $209,815 (14.1%) 0.53 579
    2019-09-01 $165,870 (16.0%) $210,390 (13.5%) 0.53 604
    2019-10-01 $165,039 (14.0%) $210,261 (14.2%) 0.53 624
    2019-11-01 $161,225 (11.3%) $203,863 (11.9%) 0.53 607
    2019-12-01 $163,413 (16.8%) $201,045 (9.3%) 0.54 571
    2020-01-01 $164,450 (14.4%) $202,309 (7.7%) 0.55 524
    2020-02-01 $164,950 (11.4%) $207,918 (7.6%) 0.54 475
    2020-03-01 $158,750 (3.0%) $204,705 (0.1%) 0.50 486
    2020-04-01 $159,600 (0.3%) $206,762 (-1.4%) 0.50 488
    2020-05-01 $170,000 (4.7%) $216,824 (2.1%) 0.52 454
    2020-06-01 $175,488 (2.8%) $225,450 (4.3%) 0.52 458
    2020-07-01 $180,750 (5.9%) $231,690 (8.2%) 0.52 444
    2020-08-01 $177,500 (6.2%) $230,469 (9.8%) 0.51 436
    2020-09-01 $171,500 (3.4%) $223,629 (6.3%) 0.49 416
    2020-10-01 $164,900 (-0.1%) $217,744 (3.6%) 0.47 441
    2020-11-01 $158,600 (-1.6%) $219,702 (7.8%) 0.46 432
    2020-12-01 $151,800 (-7.1%) $225,401 (12.1%) 0.45 360
    2021-01-01 $159,900 (-2.8%) $233,656 (15.5%) 0.48 303
    2021-02-01 $161,250 (-2.2%) $226,888 (9.1%) 0.47 253
    2021-03-01 $158,725 (0.0%) $224,142 (9.5%) 0.45 219
    2021-04-01 $169,900 (6.5%) $236,546 (14.4%) 0.46 196
    2021-05-01 $168,950 (-0.6%) $225,015 (3.8%) 0.45 188
    2021-06-01 $161,500 (-8.0%) $217,287 (-3.6%) 0.43 218
    2021-07-01 $164,900 (-8.8%) $216,372 (-6.6%) 0.44 260
    2021-08-01 $159,862 (-9.9%) $214,679 (-6.9%) 0.43 295
    2021-09-01 $151,100 (-11.9%) $213,810 (-4.4%) 0.40 290
    2021-10-01 $149,900 (-9.1%) $212,255 (-2.5%) 0.40 278
    2021-11-01 $149,450 (-5.8%) $202,300 (-7.9%) 0.40 255
    2021-12-01 $148,450 (-2.2%) $196,329 (-12.9%) 0.40 219
    2022-01-01 $159,250 (-0.4%) $207,197 (-11.3%) 0.43 186
    2022-02-01 $182,425 (13.1%) $256,410 (13.0%) 0.47 142
    2022-03-01 $237,450 (49.6%) $262,136 (17.0%) 0.59 127
    2022-04-01 $229,950 (35.3%) $272,845 (15.4%) 0.55 128
    2022-05-01 $227,500 (34.7%) $277,517 (23.3%) 0.52 148
    2022-06-01 $223,500 (38.4%) $270,979 (24.7%) 0.50 177
    2022-07-01 $199,000 (20.7%) $247,402 (14.3%) 0.45 222
    2022-08-01 $217,188 (35.9%) $260,678 (21.4%) 0.50 227
    2022-09-01 $234,130 (55.0%) $274,516 (28.4%) 0.55 226
    2022-10-01 $239,500 (59.8%) $285,647 (34.6%) 0.56 228
    2022-11-01 $229,575 (53.6%) $276,979 (36.9%) 0.55 224
    2022-12-01 $219,950 (48.2%) $265,692 (35.3%) 0.54 201
    2023-01-01 $218,450 (37.2%) $262,936 (26.9%) 0.54 183
    2023-02-01 $257,225 (41.0%) $279,394 (9.0%) 0.62 163
    2023-03-01 $262,950 (10.7%) $275,798 (5.2%) 0.62 162
    2023-04-01 $258,500 (12.4%) $268,712 (-1.5%) 0.60 155
    2023-05-01 $268,675 (18.1%) $282,049 (1.6%) 0.61 166
    2023-06-01 $254,925 (14.1%) $280,959 (3.7%) 0.57 183
    2023-07-01 $259,750 (30.5%) $290,972 (17.6%) 0.59 191
    2023-08-01 $216,225 (-0.4%) $275,106 (5.5%) 0.50 231
    WATERLOO - CEDAR FALLS's median listing price for 2023-08-01 was $216,225, a difference of $-963 (-0.4%) versus the prior year and $-43,525 versus the prior month.

    WATERLOO - CEDAR FALLS's median listing price comes in at 50% of the national average.

    WATERLOO - CEDAR FALLS's average listing price for 2023-08-01 was $275,106, a difference of $14,428 (5.5%) versus the prior year and $-15,866 versus the prior month.

    For the 2023-08-01 period, WATERLOO - CEDAR FALLS had 231 MLS listings, a difference of 40 listings (21%) versus the prior month and 4 listings (2%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - WATERLOO - CEDAR FALLS (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 80 days 1,570 sqft
    2018-02-01 79 days 1,560 sqft
    2018-03-01 62 days 1,565 sqft
    2018-04-01 51 days 1,584 sqft
    2018-05-01 46 days 1,593 sqft
    2018-06-01 49 days 1,624 sqft
    2018-07-01 53 days 1,600 sqft
    2018-08-01 52 days 1,612 sqft
    2018-09-01 59 days 1,607 sqft
    2018-10-01 65 days 1,616 sqft
    2018-11-01 68 days 1,617 sqft
    2018-12-01 78 days 1,612 sqft
    2019-01-01 83 days 1,624 sqft
    2019-02-01 87 days 1,638 sqft
    2019-03-01 70 days 1,659 sqft
    2019-04-01 50 days 1,623 sqft
    2019-05-01 45 days 1,547 sqft
    2019-06-01 51 days 1,486 sqft
    2019-07-01 58 days 1,477 sqft
    2019-08-01 58 days 1,462 sqft
    2019-09-01 59 days 1,450 sqft
    2019-10-01 59 days 1,442 sqft
    2019-11-01 65 days 1,430 sqft
    2019-12-01 73 days 1,391 sqft
    2020-01-01 83 days 1,428 sqft
    2020-02-01 86 days 1,451 sqft
    2020-03-01 56 days 1,439 sqft
    2020-04-01 54 days 1,435 sqft
    2020-05-01 67 days 1,497 sqft
    2020-06-01 67 days 1,516 sqft
    2020-07-01 54 days 1,476 sqft
    2020-08-01 58 days 1,457 sqft
    2020-09-01 63 days 1,441 sqft
    2020-10-01 52 days 1,431 sqft
    2020-11-01 52 days 1,400 sqft
    2020-12-01 56 days 1,403 sqft
    2021-01-01 69 days 1,395 sqft
    2021-02-01 86 days 1,435 sqft
    2021-03-01 56 days 1,430 sqft
    2021-04-01 52 days 1,477 sqft
    2021-05-01 39 days 1,503 sqft
    2021-06-01 32 days 1,456 sqft
    2021-07-01 32 days 1,432 sqft
    2021-08-01 38 days 1,389 sqft
    2021-09-01 46 days 1,428 sqft
    2021-10-01 54 days 1,359 sqft
    2021-11-01 48 days 1,335 sqft
    2021-12-01 51 days 1,310 sqft
    2022-01-01 62 days 1,334 sqft
    2022-02-01 62 days 1,373 sqft
    2022-03-01 45 days 1,449 sqft
    2022-04-01 31 days 1,501 sqft
    2022-05-01 22 days 1,456 sqft
    2022-06-01 24 days 1,629 sqft
    2022-07-01 24 days 1,618 sqft
    2022-08-01 37 days 1,681 sqft
    2022-09-01 41 days 1,743 sqft
    2022-10-01 43 days 1,782 sqft
    2022-11-01 51 days 1,701 sqft
    2022-12-01 60 days 1,664 sqft
    2023-01-01 74 days 1,587 sqft
    2023-02-01 57 days 1,597 sqft
    2023-03-01 48 days 1,569 sqft
    2023-04-01 46 days 1,562 sqft
    2023-05-01 31 days 1,556 sqft
    2023-06-01 35 days 1,628 sqft
    2023-07-01 45 days 1,660 sqft
    2023-08-01 34 days 1,608 sqft
    WATERLOO - CEDAR FALLS's median listing age (time on market) for 2023-08-01 was 34 days. This is -9% shorter than the same period one year ago.

    WATERLOO - CEDAR FALLS's median square footage for active listings during the 2023-08-01 period was 1,608 sqft. One year prior, the average listing was 1,681 sqft.

    WATERLOO-CEDAR FALLS, IA Average Rent (2023)

    Zoom/scroll map to see average rent by zip code. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results.

    For additional perspective within a market, below is information regarding the average rents (as defined by HUD) for zip codes within the metro area. Descriptive statistics (average, median) are shown below the table.
    Zip Code Metro Studio Apartment Rent 1BR Apartment Rent 2BR Apartment Rent 3BR Apartment Rent 4BR Apartment Rent
    50148 Waterloo-Cedar Falls, IA $540 $610 $760 $1,000 $1,280
    50258 Waterloo-Cedar Falls, IA $540 $610 $760 $1,000 $1,280
    50269 Waterloo-Cedar Falls, IA $540 $610 $760 $1,000 $1,280
    50601 Waterloo-Cedar Falls, IA $540 $610 $760 $1,000 $1,280
    50604 Waterloo-Cedar Falls, IA $540 $610 $760 $1,000 $1,280
    50609 Waterloo-Cedar Falls, IA $570 $660 $830 $1,100 $1,400
    50612 Waterloo-Cedar Falls, IA $620 $720 $900 $1,190 $1,520
    50613 Waterloo-Cedar Falls, IA $670 $770 $970 $1,280 $1,640
    50621 Waterloo-Cedar Falls, IA $560 $650 $820 $1,090 $1,380
    50622 Waterloo-Cedar Falls, IA $550 $610 $760 $1,000 $1,280
    50623 Waterloo-Cedar Falls, IA $620 $720 $900 $1,190 $1,520
    50624 Waterloo-Cedar Falls, IA $540 $610 $760 $1,000 $1,280
    50626 Waterloo-Cedar Falls, IA $540 $610 $760 $1,000 $1,280
    50627 Waterloo-Cedar Falls, IA $540 $610 $760 $1,010 $1,280
    50629 Waterloo-Cedar Falls, IA $640 $700 $900 $1,150 $1,340
    50634 Waterloo-Cedar Falls, IA $540 $610 $760 $1,000 $1,280
    50638 Waterloo-Cedar Falls, IA $540 $610 $760 $1,000 $1,280
    50642 Waterloo-Cedar Falls, IA $540 $610 $760 $1,000 $1,280
    50643 Waterloo-Cedar Falls, IA $660 $760 $960 $1,270 $1,620
    50647 Waterloo-Cedar Falls, IA $540 $610 $760 $1,000 $1,280
    50648 Waterloo-Cedar Falls, IA $540 $630 $790 $1,050 $1,330
    50651 Waterloo-Cedar Falls, IA $620 $710 $890 $1,180 $1,490
    50657 Waterloo-Cedar Falls, IA $540 $610 $760 $1,000 $1,280
    50660 Waterloo-Cedar Falls, IA $550 $640 $800 $1,060 $1,350
    50665 Waterloo-Cedar Falls, IA $540 $610 $760 $1,000 $1,280
    50667 Waterloo-Cedar Falls, IA $600 $700 $880 $1,160 $1,470
    50668 Waterloo-Cedar Falls, IA $540 $610 $760 $1,000 $1,280
    50669 Waterloo-Cedar Falls, IA $540 $610 $760 $1,000 $1,280
    50672 Waterloo-Cedar Falls, IA $540 $610 $760 $1,000 $1,280
    50673 Waterloo-Cedar Falls, IA $610 $710 $890 $1,180 $1,500
    50675 Waterloo-Cedar Falls, IA $590 $680 $860 $1,140 $1,450
    50680 Waterloo-Cedar Falls, IA $540 $610 $760 $1,000 $1,280
    50701 Waterloo-Cedar Falls, IA $610 $710 $890 $1,180 $1,500
    50702 Waterloo-Cedar Falls, IA $600 $690 $870 $1,150 $1,470
    50703 Waterloo-Cedar Falls, IA $610 $710 $890 $1,180 $1,500
    50704 Waterloo-Cedar Falls, IA $620 $720 $900 $1,190 $1,520
    50707 Waterloo-Cedar Falls, IA $630 $720 $910 $1,210 $1,530

    2022 Average & Median Rent Data Statistics
    WATERLOO-CEDAR FALLS, IA average 1BR rent: $654, median: $610
    WATERLOO-CEDAR FALLS, IA average 2BR rent: $819, median: $760
    WATERLOO-CEDAR FALLS, IA average 3BR rent: $1,080, median: $1,010

    WATERLOO-CEDAR FALLS, IA Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 3,195 $483,745,000 $151,407
    Refi 848 $161,310,000 $190,224
    Home Improvement 671 $32,315,000 $48,159
    Cash Out Refi 653 $101,855,000 $155,980
    Other 536 $30,090,000 $56,138

    Waterloo - Cedar Falls's most frequently cited loan purpose was Home Purchase, with 3,195 originations. The 2nd most popular reason was Refi, with 848 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    3-4% 1,809 $280,905,000 $155,282
    4-5% 1,430 $181,280,000 $126,769
    5-6% 1,027 $118,005,000 $114,903
    6-7% 509 $51,975,000 $102,112
    2.5-3% 300 $65,480,000 $218,267
    7-8% 184 $14,970,000 $81,359
    <2.5% 116 $18,680,000 $161,034
    Over 8% 59 $2,795,000 $47,373

    During 2022, Waterloo - Cedar Falls's most frequently originated rate bucket was 3-4%, with 1,809 originations.

    Loan Sizing (WATERLOO-CEDAR FALLS, IA MSA)

    Loan Size Originations Total Value Average Loan
    $100,000 or less 3,049 $144,745,000 $47,473
    $100k-200k 1,785 $257,125,000 $144,048
    $200k-400k 865 $235,285,000 $272,006
    $400k-600k 140 $65,980,000 $471,286
    $600k-1000k 40 $27,850,000 $696,250
    $Over $1MM 24 $78,330,000 $3,263,750

    WATERLOO - CEDAR FALLS's loan sizing saw the bucket of loans from $100,000 or less with 3,049 originations, totaling $144,745,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 1,755 $350,015,000 $199,439
    Under 20% 1,191 $40,515,000 $34,018
    60-80% 1,182 $214,120,000 $181,151
    20-40% 871 $55,585,000 $63,817
    40-60% 399 $67,525,000 $169,236
    Over 100% 21 $4,765,000 $226,905

    WATERLOO - CEDAR FALLS's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 1,755 originations, totaling $350,015,000 in origination value.