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 6.35% for the week of 2024-11-07, compared to the national average of 6.79% for the same period.

    The average rate for the prior week (2024-10-31) was 6.68% and one month ago for the week of 2024-10-03, the average rate was 6.08%.

    Waterloo - Cedar Falls's average rate one year ago was 7.52%.

    For refis of the same type during the week of 2024-11-07, the average rate was 6.79%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2024-11-07 6.79%
    Waterloo - Cedar Falls 30 Year Fixed Rate 2024-11-07 6.35%
    Waterloo - Cedar Falls 30 Year Fixed Rate Refi 2024-11-07 6.79%
    Waterloo - Cedar Falls 15 Year Fixed Rate 2024-11-07 7.05%
    Waterloo - Cedar Falls 15 Year Fixed Rate Refi 2024-11-07 6.2%
    Waterloo - Cedar Falls 30 Year FHA 2024-11-07 6.19%
    Waterloo - Cedar Falls 30 Year FHA Refi 2024-11-07 6.53%
    Waterloo - Cedar Falls 30 Year USDA 2024-11-07 6.28%
    Waterloo - Cedar Falls 30 Year USDA Refi 2024-11-07 6.28%
    Waterloo - Cedar Falls 30 Year VA 2024-11-07 6%
    Waterloo - Cedar Falls 30 Year VA Refi 2024-11-07 6.34%
    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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    VERIDIAN CREDIT UNION 603 6.60% $1,898
    GREENSTATE CREDIT UNION 355 6.42% $1,803
    IOWA BANKERS MORTGAGE CORPORATION 120 6.24% $2,336
    Lincoln Savings Bank 63 6.77% $2,963
    Deere Employees Credit Union 48 6.26% $2,827
    DUPACO COMMUNITY 40 6.27% $2,367
    Farmers State Bank 39 7.04% $1,975
    U.S. Bank 20 6.94% $3,129
    Collins Community Credit Union 19 6.22% $1,955
    AMERICAN PACIFIC MORTGAGE CORPORATION 18 6.61% $5,212
    QUICKEN LOANS, LLC 15 7.01% $5,718
    Fidelity Bank & Trust 14 6.51% $2,246
    CEDAR FALLS COMMUNITY CREDIT UNION 10 5.90% $3,919
    Wells Fargo Bank 7 6.86% $4,328
    MidWestOne Bank 7 6.41% $2,485
    Farm Credit Mid-America, ACA 6 6.94% $6,601
    JPMorgan Chase Bank 5 6.95% $4,320
    UNITED WHOLESALE MORTGAGE, LLC 5 6.92% $5,221
    GUARANTEED RATE, INC. 5 6.33% $4,133
    Ohnward Bank & Trust 4 6.84% $3,715
    CARDINAL FINANCIAL 3 6.58% $8,292
    Luana Savings Bank 3 6.54% $1,964
    Hills Bank and Trust Company 3 6.67% $2,037
    Ally Bank 3 6.75% $8,976
    GUILD MORTGAGE COMPANY 3 6.92% $5,428
    PREMIA MORTGAGE, LLC 3 7.04% $25
    West Gate Bank 2 6.19% $6,472
    AMERISAVE MORTGAGE CORPORATION 2 6.94% $5,746
    Mortgage Research Center, LLC 2 6.56% $3,604
    NAVY FEDERAL CREDIT UNION 2 7.25% $1,977
    PENNYMAC LOAN SERVICES, LLC 2 6.62% $2,399
    Bank Iowa 2 6.81% $3,442
    BankIowa of Cedar Rapids 2 6.45% $1,936
    PRIMELENDING, A PLAINSCAPITAL COMPANY 2 7.00% $5,487
    Flanagan State Bank 2 6.31% $3,988
    Bell Bank 2 6.24% $5,470
    Heritage Bank 2 5.88% $4,719
    BROKER SOLUTIONS, INC. 2 7.38% $3,732
    Waterstone Mortgage Corporation 1 6.38% $9,283
    SIRVA MORTGAGE, INC. 1 7.63% $0
    AMERICAN FINANCE HOUSE LARIBA 1 7.62% $4,362
    AmeriHome Mortgage Company, LLC 1 5.75% $2,134
    Bank of America 1 6.38% $2,746
    Capitol Federal Savings Bank 1 6.00% $3,157
    Central Bank 1 6.50% $4,733
    CITY-COUNTY CREDIT UNION 1 6.38% $3,672
    Contract Exchange Corporation 1 10.00% $6,873
    DAS Acquisition Company, LLC 1 6.50% $4,567
    DELMAR FINANCIAL COMPANY 1 8.00% $5,895
    ENDEAVOR CAPITAL, LLC. 1 7.99% $10,053
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.63% $2,825
    FIRST 1 5.63% $1,805
    First Bank 1 6.38% $2,417
    First Interstate Bank 1 5.88% $2,815
    Fortress Bank 1 7.50% $2,670
    GERSHMAN INVESTMENT CORP. 1 6.75% $2,294
    Great Southern Bank 1 7.00% $4,985
    Home Federal Savings Bank 1 7.25% $8,768
    I. H. MISSISSIPPI VALLEY CREDIT UNION 1 6.75% $1,744
    LOANDEPOT.COM, LLC 1 6.13% $2,977
    MARINE 1 9.63% $4,757
    MEMBERS1st Community Credit Union 1 5.75% $3,586
    Midwest Heritage Bank FSB 1 7.00% $2,420
    Mr. Cooper ( Nationstar Mortgage ) 1 5.99% $10,542
    National Bank of Commerce 1 7.38% $4,556
    Northwest Bank 1 6.88% $4,781
    PHH Mortgage Corporation 1 6.75% $3,379
    Premier Credit Union 1 5.50% $5,079
    PURDUE FEDERAL CREDIT UNION 1 6.63% $2,377
    Raymond James Bank 1 6.38% $2,395
    RBC Bank, (Georgia) 1 6.38% $1,766
    Regions Bank 1 7.25% $3,456
    ROYAL UNITED MORTGAGE LLC 1 7.63% $6,866
    Servion, Inc. 1 6.38% $10
    Stifel Bank and Trust 1 6.00% $2,109
    T2 FINANCIAL LLC 1 7.49% $5,499
    United Bank of Iowa 1 7.25% $2,948

    WATERLOO - CEDAR FALLS Average Closing Costs & Other Stats

    WATERLOO-CEDAR FALLS, IA's 77 lenders originated 4,185 loans during 2023. The total origination value was $551,605,000, with an average loan value of $131,805.

    WATERLOO - CEDAR FALLS's average closing costs are $2,422.

    The top WATERLOO - CEDAR FALLS lender as defined by loan originations is VERIDIAN CREDIT UNION, with 603 loans originated. Their average total fees are $1,898, which is $95 higher than the next largest lender, GREENSTATE CREDIT UNION.

    The lowest fee WATERLOO - CEDAR FALLS lenders (with over 10 loans originated) are GREENSTATE CREDIT UNION ($1,803), VERIDIAN CREDIT UNION ($1,898), Collins Community Credit Union ($1,955), Farmers State Bank ($1,975) and Fidelity Bank & Trust ($2,246).

    The lowest rate WATERLOO - CEDAR FALLS lenders (with over 10 loans originated) are CEDAR FALLS COMMUNITY CREDIT UNION (5.90%), Collins Community Credit Union (6.22%), IOWA BANKERS MORTGAGE CORPORATION (6.24%), Deere Employees Credit Union (6.26%) and DUPACO COMMUNITY (6.27%).

    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 2022 Loan Value 2023 Loan Value % Change 2023 Market Share
    VERIDIAN CREDIT UNION $209,080,000 $162,945,000 -22.1% 29.5%
    GREENSTATE CREDIT UNION $173,705,000 $108,500,000 -37.5% 19.7%
    IOWA BANKERS MORTGAGE CORPORATION $19,935,000 $27,130,000 36.1% 4.9%
    Farmers State Bank $135,000 $18,935,000 13,925.9% 3.4%
    Lincoln Savings Bank $20,315,000 $16,650,000 -18.0% 3.0%
    Deere Employees Credit Union $24,940,000 $15,480,000 -37.9% 2.8%
    Denver Savings Bank $11,680,000 $15,035,000 28.7% 2.7%
    First Bank $23,370,000 $11,840,000 -49.3% 2.1%
    DUPACO COMMUNITY $13,215,000 $9,785,000 -26.0% 1.8%
    CEDAR FALLS COMMUNITY CREDIT UNION $17,535,000 $8,280,000 -52.8% 1.5%
    Hills Bank and Trust Company $3,690,000 $8,245,000 123.4% 1.5%
    QUICKEN LOANS, LLC $11,385,000 $8,145,000 -28.5% 1.5%
    U.S. Bank $18,590,000 $7,750,000 -58.3% 1.4%
    Fidelity Bank & Trust $7,805,000 $7,385,000 -5.4% 1.3%
    River Bank $7,220,000 n/a 1.3%
    AMERICAN PACIFIC MORTGAGE CORPORATION $8,315,000 $6,670,000 -19.8% 1.2%
    Collins Community Credit Union $29,460,000 $5,630,000 -80.9% 1.0%
    The Readlyn Savings Bank $5,210,000 n/a 0.9%
    Luana Savings Bank $9,060,000 $4,775,000 -47.3% 0.9%
    BankIowa of Cedar Rapids $14,505,000 $4,670,000 -67.8% 0.8%
    GREYSTONE SERVICING COMPANY LLC $4,415,000 n/a 0.8%
    Mortgage Research Center, LLC $8,510,000 $4,130,000 -51.5% 0.7%
    Northeast Security Bank $3,505,000 n/a 0.6%
    GNB Bank $2,550,000 $3,260,000 27.8% 0.6%
    MidWestOne Bank $6,045,000 $3,200,000 -47.1% 0.6%
    First Interstate Bank $18,760,000 $2,645,000 -85.9% 0.5%
    GUARANTEED RATE, INC. $3,080,000 $2,510,000 -18.5% 0.5%
    Wells Fargo Bank $5,840,000 $2,260,000 -61.3% 0.4%
    UNITED WHOLESALE MORTGAGE, LLC $2,455,000 $2,040,000 -16.9% 0.4%
    Farm Credit Mid-America, ACA $920,000 $1,990,000 116.3% 0.4%
    Green Belt Bank & Trust $2,860,000 $1,890,000 -33.9% 0.3%
    PENNYMAC LOAN SERVICES, LLC $2,395,000 $1,675,000 -30.1% 0.3%
    ORIX REAL ESTATE CAPITAL, LLC $1,505,000 n/a 0.3%
    BROKER SOLUTIONS, INC. $2,185,000 $1,260,000 -42.3% 0.2%
    LOANDEPOT.COM, LLC $3,845,000 $1,255,000 -67.4% 0.2%
    Cedar Rapids Bank and Trust Company $1,055,000 $1,140,000 8.1% 0.2%
    Heritage Bank $1,080,000 n/a 0.2%
    Ohnward Bank & Trust $300,000 $1,045,000 248.3% 0.2%
    CARDINAL FINANCIAL $950,000 $975,000 2.6% 0.2%
    GUILD MORTGAGE COMPANY $365,000 $950,000 160.3% 0.2%
    JPMorgan Chase Bank $165,000 $945,000 472.7% 0.2%
    Mr. Cooper ( Nationstar Mortgage ) $1,600,000 $910,000 -43.1% 0.2%
    Regions Bank $2,320,000 $830,000 -64.2% 0.2%
    CEDAR VALLEY BANK & TRUST $825,000 n/a 0.1%
    VILLAGE CAPITAL MORTGAGE $225,000 $815,000 262.2% 0.1%
    PREMIA MORTGAGE, LLC $790,000 n/a 0.1%
    Ally Bank $75,000 $775,000 933.3% 0.1%
    AMERISAVE MORTGAGE CORPORATION $2,545,000 $765,000 -69.9% 0.1%
    Bell Bank $760,000 n/a 0.1%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $745,000 n/a 0.1%
    NEW DAY FINANCIAL, LLC $1,095,000 $730,000 -33.3% 0.1%
    Home Federal Savings Bank $725,000 n/a 0.1%
    Bank Iowa $1,105,000 $715,000 -35.3% 0.1%
    NAVY FEDERAL CREDIT UNION $1,170,000 $700,000 -40.2% 0.1%
    West Gate Bank $105,000 $700,000 566.7% 0.1%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $465,000 $590,000 26.9% 0.1%
    21ST MORTGAGE CORPORATION $420,000 $525,000 25.0% 0.1%
    Heartland Bank and Trust Company $530,000 $520,000 -1.9% 0.1%
    Community Savings Bank $65,000 $470,000 623.1% 0.1%
    PRIMARY RESIDENTIAL MORTGAGE, INC. $460,000 n/a 0.1%
    LAND HOME FINANCIAL SERVICES, INC. $655,000 $455,000 -30.5% 0.1%
    Citizens State Bank $430,000 n/a 0.1%
    MUTUAL OF OMAHA MORTGAGE, INC. $430,000 n/a 0.1%
    Flanagan State Bank $375,000 $395,000 5.3% 0.1%
    Midwest Heritage Bank FSB $240,000 $395,000 64.6% 0.1%
    VisionBank of Iowa $395,000 n/a 0.1%
    Chickasaw Community Bank $385,000 n/a 0.1%
    GERSHMAN INVESTMENT CORP. $375,000 n/a 0.1%
    TRIAD FINANCIAL SERVICES, INC. $315,000 $365,000 15.9% 0.1%
    PURDUE FEDERAL CREDIT UNION $315,000 n/a 0.1%
    Great Southern Bank $305,000 n/a 0.1%
    Stifel Bank and Trust $305,000 n/a 0.1%
    LAKEVIEW LOAN SERVICING, LLC $520,000 $300,000 -42.3% 0.1%
    Contract Exchange Corporation $285,000 n/a 0.1%
    Waterstone Mortgage Corporation $215,000 $285,000 32.6% 0.1%
    Fortress Bank $280,000 n/a 0.1%
    Central Bank $795,000 $275,000 -65.4% 0.0%
    ENDEAVOR CAPITAL, LLC. $275,000 n/a 0.0%
    RBC Bank, (Georgia) $275,000 n/a 0.0%
    SIRVA MORTGAGE, INC. $275,000 n/a 0.0%
    Chelsea Savings Bank $270,000 n/a 0.0%
    Capitol Federal Savings Bank $265,000 n/a 0.0%
    National Bank of Commerce $265,000 n/a 0.0%
    First Bank $23,370,000 $255,000 -98.9% 0.0%
    Northwest Bank $2,815,000 $245,000 -91.3% 0.0%
    CITY-COUNTY CREDIT UNION $235,000 n/a 0.0%
    Servion, Inc. $650,000 $235,000 -63.8% 0.0%
    FLAT BRANCH MORTGAGE, INC. $215,000 n/a 0.0%
    Bank of America $940,000 $205,000 -78.2% 0.0%
    Farmers Savings Bank & Trust $205,000 n/a 0.0%
    Premier Credit Union $205,000 n/a 0.0%
    ROYAL UNITED MORTGAGE LLC $340,000 $200,000 -41.2% 0.0%
    Grinnell State Bank $195,000 n/a 0.0%
    MEMBERS1st Community Credit Union $240,000 $190,000 -20.8% 0.0%
    PHH Mortgage Corporation $220,000 $190,000 -13.6% 0.0%
    Coastal Community Bank $185,000 n/a 0.0%
    DAS Acquisition Company, LLC $125,000 $185,000 48.0% 0.0%
    Truist $215,000 $185,000 -14.0% 0.0%
    NATIONWIDE MORTGAGE BANKERS, INC. $175,000 n/a 0.0%
    NEWREZ LLC $1,165,000 $175,000 -85.0% 0.0%
    OPEN MORTGAGE, LLC $270,000 $175,000 -35.2% 0.0%
    Raymond James Bank $175,000 n/a 0.0%
    AmeriHome Mortgage Company, LLC $195,000 $165,000 -15.4% 0.0%
    HOMEOWNERS FINANCIAL GROUP USA, LLC $160,000 n/a 0.0%
    Nations Lending Corporation $155,000 n/a 0.0%
    Carrington Mortgage Services, LLC $1,395,000 $150,000 -89.2% 0.0%
    FINANCE OF AMERICA REVERSE LLC $145,000 n/a 0.0%
    I. H. MISSISSIPPI VALLEY CREDIT UNION $105,000 $145,000 38.1% 0.0%
    MARINE $195,000 $145,000 -25.6% 0.0%
    T2 FINANCIAL LLC $145,000 n/a 0.0%
    ZILLOW HOME LOANS, LLC $145,000 n/a 0.0%
    BankVista $135,000 n/a 0.0%
    PLANET HOME LENDING, LLC $225,000 $135,000 -40.0% 0.0%
    VELOCITY COMMERCIAL CAPITAL, LLC $135,000 n/a 0.0%
    FIRST $75,000 $125,000 66.7% 0.0%
    Peoples State Bank of Plainview $125,000 n/a 0.0%
    Quad City Bank and Trust Company $125,000 n/a 0.0%
    DELMAR FINANCIAL COMPANY $115,000 n/a 0.0%
    First National Bank of America $95,000 $115,000 21.1% 0.0%
    TOWNE MORTGAGE COMPANY $115,000 n/a 0.0%
    TruHome Solutions, LLC $115,000 n/a 0.0%
    United Bank of Iowa $235,000 $115,000 -51.1% 0.0%
    Washington State Bank $185,000 $115,000 -37.8% 0.0%
    AMERICAN FINANCE HOUSE LARIBA $95,000 n/a 0.0%
    AMERICAN HERITAGE LENDING, INC. $95,000 n/a 0.0%
    The Federal Savings Bank $75,000 n/a 0.0%
    Two Rivers Bank & Trust $65,000 n/a 0.0%
    AMERICAN FINANCING CORPORATION $610,000 $55,000 -91.0% 0.0%
    Flagstar Bank, FSB $850,000 $55,000 -93.5% 0.0%
    Kerndt Brothers Savings Bank $1,215,000 $55,000 -95.5% 0.0%
    Community Choice Credit Union $205,000 $45,000 -78.0% 0.0%
    MidAmerica National Bank $45,000 n/a 0.0%
    Third Federal Savings and Loan Association of Cleveland $45,000 n/a 0.0%
    THRIVENT Federal Credit Union $45,000 n/a 0.0%
    Centier Bank $55,000 $35,000 -36.4% 0.0%
    Lakeview Community Capital, LLC $35,000 n/a 0.0%
    Citizens Bank $390,000 $25,000 -93.6% 0.0%
    COMMUNITY 1ST CREDIT UNION $25,000 n/a 0.0%
    LINN AREA $235,000 $25,000 -89.4% 0.0%
    Signature Federal Credit Union $15,000 n/a 0.0%
    STAR USA FEDERAL CREDIT UNION $15,000 n/a 0.0%

    WATERLOO - CEDAR FALLS's top lender by overall market share is VERIDIAN CREDIT UNION, with 29.5% market share. In second place, with 19.7%, is GREENSTATE CREDIT UNION, having originated $108,500,000 in loans. In third place, with 4.9%, is IOWA BANKERS MORTGAGE CORPORATION, having originated $27,130,000 in loans. In fourth place, with 3.4%, is Farmers State Bank, having originated $18,935,000 in loans. In fifth place, with 3.0%, is Lincoln Savings Bank, having originated $16,650,000 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 $148,200 (8.4%) $193,424 (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 $161,900 (14.9%) $212,423 (17.7%) 0.51 528
    2019-06-01 $169,900 (17.2%) $216,133 (17.5%) 0.53 577
    2019-07-01 $170,700 (16.3%) $214,103 (16.7%) 0.53 560
    2019-08-01 $167,118 (15.3%) $209,836 (14.1%) 0.53 579
    2019-09-01 $165,870 (16.0%) $210,417 (13.6%) 0.53 604
    2019-10-01 $165,039 (14.0%) $210,292 (14.2%) 0.53 624
    2019-11-01 $162,500 (12.2%) $203,873 (11.9%) 0.53 608
    2019-12-01 $164,400 (17.5%) $201,060 (9.3%) 0.55 572
    2020-01-01 $164,575 (14.5%) $202,332 (7.7%) 0.55 525
    2020-02-01 $165,000 (11.3%) $207,932 (7.5%) 0.54 476
    2020-03-01 $159,000 (3.1%) $204,694 (0.1%) 0.50 487
    2020-04-01 $159,600 (0.3%) $206,654 (-1.4%) 0.50 490
    2020-05-01 $170,000 (5.0%) $216,575 (2.0%) 0.52 456
    2020-06-01 $175,488 (3.3%) $225,125 (4.2%) 0.52 460
    2020-07-01 $179,500 (5.2%) $231,431 (8.1%) 0.52 445
    2020-08-01 $177,500 (6.2%) $230,356 (9.8%) 0.51 437
    2020-09-01 $171,500 (3.4%) $223,629 (6.3%) 0.49 416
    2020-10-01 $164,900 (-0.1%) $217,744 (3.5%) 0.47 441
    2020-11-01 $158,600 (-2.4%) $219,702 (7.8%) 0.46 432
    2020-12-01 $151,800 (-7.7%) $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 (-2.3%) $226,888 (9.1%) 0.47 253
    2021-03-01 $158,725 (-0.2%) $224,142 (9.5%) 0.45 219
    2021-04-01 $169,900 (6.5%) $236,546 (14.5%) 0.46 196
    2021-05-01 $168,950 (-0.6%) $225,015 (3.9%) 0.45 188
    2021-06-01 $161,500 (-8.0%) $217,287 (-3.5%) 0.43 218
    2021-07-01 $164,900 (-8.1%) $216,372 (-6.5%) 0.44 260
    2021-08-01 $159,862 (-9.9%) $214,679 (-6.8%) 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
    2023-09-01 $224,900 (-3.9%) $274,471 (0.0%) 0.52 233
    2023-10-01 $249,950 (4.4%) $278,611 (-2.5%) 0.59 246
    2023-11-01 $264,450 (15.2%) $286,544 (3.5%) 0.63 264
    2023-12-01 $259,900 (18.2%) $284,475 (7.1%) 0.63 255
    2024-01-01 $267,450 (22.4%) $299,271 (13.8%) 0.65 227
    2024-02-01 $273,900 (6.5%) $310,535 (11.2%) 0.66 211
    2024-03-01 $280,450 (6.7%) $320,963 (16.4%) 0.66 220
    2024-04-01 $281,250 (8.8%) $320,422 (19.2%) 0.65 219
    2024-05-01 $299,588 (11.5%) $342,406 (21.4%) 0.68 217
    2024-06-01 $283,000 (11.0%) $322,899 (14.9%) 0.64 265
    2024-07-01 $278,500 (7.2%) $309,025 (6.2%) 0.64 300
    2024-08-01 $269,900 (24.8%) $305,058 (10.9%) 0.63 346
    2024-09-01 $264,475 (17.6%) $304,442 (10.9%) 0.62 370
    2024-10-01 $256,450 (2.6%) $301,038 (8.1%) 0.60 387
    WATERLOO - CEDAR FALLS's median listing price for 2024-10-01 was $256,450, a difference of $6,500 (2.6%) versus the prior year and $-8,025 versus the prior month.

    WATERLOO - CEDAR FALLS's median listing price comes in at 60% of the national average.

    WATERLOO - CEDAR FALLS's average listing price for 2024-10-01 was $301,038, a difference of $22,427 (8.1%) versus the prior year and $-3,404 versus the prior month.

    For the 2024-10-01 period, WATERLOO - CEDAR FALLS had 387 MLS listings, a difference of 17 listings (5%) versus the prior month and 141 listings (57%) 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 1,484 sqft
    2019-07-01 58 days 1,477 sqft
    2019-08-01 58 days 1,462 sqft
    2019-09-01 58 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 1,392 sqft
    2020-01-01 83 days 1,429 sqft
    2020-02-01 86 days 1,451 sqft
    2020-03-01 56 days 1,441 sqft
    2020-04-01 54 days 1,436 sqft
    2020-05-01 67 days 1,497 sqft
    2020-06-01 67 days 1,516 sqft
    2020-07-01 54 days 1,477 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
    2023-09-01 45 days 1,569 sqft
    2023-10-01 41 days 1,601 sqft
    2023-11-01 39 days 1,599 sqft
    2023-12-01 54 days 1,561 sqft
    2024-01-01 74 days 1,584 sqft
    2024-02-01 68 days 1,618 sqft
    2024-03-01 46 days 1,583 sqft
    2024-04-01 45 days 1,643 sqft
    2024-05-01 52 days 1,772 sqft
    2024-06-01 45 days 1,763 sqft
    2024-07-01 44 days 1,752 sqft
    2024-08-01 45 days 1,723 sqft
    2024-09-01 52 days 1,686 sqft
    2024-10-01 58 days 1,658 sqft
    WATERLOO - CEDAR FALLS's median listing age (time on market) for 2024-10-01 was 58 days. This is 41% longer than the same period one year ago.

    WATERLOO - CEDAR FALLS's median square footage for active listings during the 2024-10-01 period was 1,658 sqft. One year prior, the average listing was 1,601 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 HUD Metro FMR Area $550 $640 $810 $1,070 $1,350
    50258 Waterloo-Cedar Falls, IA HUD Metro FMR Area $550 $640 $810 $1,070 $1,350
    50269 Waterloo-Cedar Falls, IA HUD Metro FMR Area $550 $640 $810 $1,070 $1,350
    50601 Waterloo-Cedar Falls, IA HUD Metro FMR Area $550 $640 $810 $1,070 $1,350
    50604 Waterloo-Cedar Falls, IA HUD Metro FMR Area $550 $640 $810 $1,070 $1,350
    50609 Waterloo-Cedar Falls, IA HUD Metro FMR Area $570 $670 $850 $1,130 $1,450
    50612 Waterloo-Cedar Falls, IA HUD Metro FMR Area $630 $750 $940 $1,250 $1,600
    50613 Waterloo-Cedar Falls, IA HUD Metro FMR Area $700 $820 $1,040 $1,380 $1,770
    50621 Waterloo-Cedar Falls, IA HUD Metro FMR Area $570 $670 $840 $1,120 $1,430
    50622 Waterloo-Cedar Falls, IA HUD Metro FMR Area $600 $640 $820 $1,070 $1,350
    50623 Waterloo-Cedar Falls, IA HUD Metro FMR Area $630 $750 $940 $1,250 $1,600
    50624 Waterloo-Cedar Falls, IA HUD Metro FMR Area $550 $640 $810 $1,070 $1,350
    50626 Waterloo-Cedar Falls, IA HUD Metro FMR Area $550 $640 $810 $1,070 $1,350
    50627 Waterloo-Cedar Falls, IA HUD Metro FMR Area $550 $640 $810 $1,070 $1,350
    50629 Waterloo-Cedar Falls, IA HUD Metro FMR Area $700 $760 $990 $1,270 $1,480
    50634 Waterloo-Cedar Falls, IA HUD Metro FMR Area $550 $640 $810 $1,070 $1,350
    50638 Waterloo-Cedar Falls, IA HUD Metro FMR Area $550 $640 $810 $1,070 $1,350
    50642 Waterloo-Cedar Falls, IA HUD Metro FMR Area $730 $860 $1,080 $1,440 $1,840
    50643 Waterloo-Cedar Falls, IA HUD Metro FMR Area $700 $820 $1,040 $1,380 $1,770
    50647 Waterloo-Cedar Falls, IA HUD Metro FMR Area $570 $640 $810 $1,070 $1,350
    50648 Waterloo-Cedar Falls, IA HUD Metro FMR Area $590 $690 $870 $1,160 $1,480
    50651 Waterloo-Cedar Falls, IA HUD Metro FMR Area $620 $720 $910 $1,210 $1,540
    50657 Waterloo-Cedar Falls, IA HUD Metro FMR Area $550 $640 $810 $1,070 $1,350
    50660 Waterloo-Cedar Falls, IA HUD Metro FMR Area $550 $650 $820 $1,090 $1,400
    50665 Waterloo-Cedar Falls, IA HUD Metro FMR Area $550 $640 $810 $1,070 $1,350
    50667 Waterloo-Cedar Falls, IA HUD Metro FMR Area $620 $730 $920 $1,220 $1,560
    50668 Waterloo-Cedar Falls, IA HUD Metro FMR Area $580 $640 $810 $1,070 $1,350
    50669 Waterloo-Cedar Falls, IA HUD Metro FMR Area $550 $640 $810 $1,070 $1,350
    50672 Waterloo-Cedar Falls, IA HUD Metro FMR Area $550 $640 $810 $1,070 $1,350
    50673 Waterloo-Cedar Falls, IA HUD Metro FMR Area $620 $730 $920 $1,220 $1,570
    50675 Waterloo-Cedar Falls, IA HUD Metro FMR Area $620 $730 $920 $1,220 $1,570
    50680 Waterloo-Cedar Falls, IA HUD Metro FMR Area $550 $640 $810 $1,070 $1,350
    50701 Waterloo-Cedar Falls, IA HUD Metro FMR Area $630 $740 $930 $1,240 $1,580
    50702 Waterloo-Cedar Falls, IA HUD Metro FMR Area $630 $740 $930 $1,240 $1,580
    50703 Waterloo-Cedar Falls, IA HUD Metro FMR Area $630 $740 $930 $1,240 $1,580
    50704 Waterloo-Cedar Falls, IA HUD Metro FMR Area $630 $750 $940 $1,250 $1,600
    50707 Waterloo-Cedar Falls, IA HUD Metro FMR Area $630 $740 $930 $1,240 $1,580

    2022 Average & Median Rent Data Statistics
    WATERLOO-CEDAR FALLS, IA average 1BR rent: $691, median: $650
    WATERLOO-CEDAR FALLS, IA average 2BR rent: $874, median: $820
    WATERLOO-CEDAR FALLS, IA average 3BR rent: $1,157, median: $1,090

    WATERLOO-CEDAR FALLS, IA Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 2,517 $413,865,000 $164,428
    Home Improvement 622 $29,110,000 $46,801
    Other 404 $19,930,000 $49,332
    Refi 368 $52,940,000 $143,859
    Cash Out Refi 274 $35,760,000 $130,511

    Waterloo - Cedar Falls's most frequently cited loan purpose was Home Purchase, with 2,517 originations. The 2nd most popular reason was Home Improvement, with 622 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    6-7% 1,595 $223,235,000 $139,959
    7-8% 1,031 $109,445,000 $106,154
    Over 8% 583 $33,075,000 $56,732
    5-6% 523 $97,195,000 $185,841
    4-5% 32 $6,270,000 $195,938
    3-4% 26 $4,240,000 $163,077
    <2.5% 10 $1,680,000 $168,000
    2.5-3% 3 $245,000 $81,667

    During 2023, Waterloo - Cedar Falls's most frequently originated rate bucket was 6-7%, with 1,595 originations.

    Loan Sizing (WATERLOO-CEDAR FALLS, IA MSA)

    Loan Size Originations Total Value Average Loan
    $100,000 or less 2,164 $101,530,000 $46,918
    $100k-200k 1,226 $176,030,000 $143,581
    $200k-400k 642 $171,640,000 $267,352
    $400k-600k 110 $52,000,000 $472,727
    $600k-1000k 33 $22,955,000 $695,606
    $Over $1MM 10 $27,450,000 $2,745,000

    WATERLOO - CEDAR FALLS's loan sizing saw the bucket of loans from $100,000 or less with 2,164 originations, totaling $101,530,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 1,152 $221,110,000 $191,936
    Under 20% 873 $38,395,000 $43,981
    60-80% 765 $134,335,000 $175,601
    20-40% 714 $43,470,000 $60,882
    40-60% 231 $29,405,000 $127,294
    Over 100% 20 $6,620,000 $331,000

    WATERLOO - CEDAR FALLS's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 1,152 originations, totaling $221,110,000 in origination value.