WATERLOO - CEDAR FALLS Mortgage Rates & Closing Costs

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.