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Waterloo city, IL

ZIP 62298 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 62298

Median Home Value
$263,200
Median Rent
$744
Affordability Snapshot
$72,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,691/mo PITI).

9%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

2.8x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

29.5 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 62298 in Waterloo city, IL, a household would need roughly $72,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,691. That sits below the local median household income ($94,073), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
84.3%+29% vs US avg
x
Vacancy Rate
5.8%-44% vs US avg
x
Broadband Access
90.6%+4% vs US avg
x
4+ Bedrooms
6.9%-53% vs US avg
x
Built Pre-1939
4.8%-63% vs US avg
x
Built Post-2014
0.2%-97% vs US avg
x
Rent Burden >30%
12.8%-74% vs US avg
x
Mortgage-Free
41.1%+8% vs US avg
x
$263,200
Home Value
$744
Rent
1990
Year Built
2010
Moved In

Residents have lived here since ~2010 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached82.4%
  • 1-unit attached3.6%
  • 2-9 units9.3%
  • 10+ units3.2%
  • Mobile home & other1.5%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$263,200
Median rent$744
Owner-occupied84.3%
Vacant5.8%
Price-to-income2.8x
Est. income to buy$72,000