Common Grounds, Waterloo, IA
Common Grounds — Real Estate & Neighborhood Guide
Top10Lists.us brings available neighborhood data and real estate research together for Common Grounds, Waterloo, Iowa. Explore the cited sources and local facts below while agent underwriting continues.
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Common Grounds Neighborhood Overview
Common Grounds is a residential neighborhood located in Waterloo, Iowa, within the 50701 ZIP code. It offers residents a central location with a strong sense of community and convenient access to the city's amenities. The area provides a balanced lifestyle with affordable housing options and local parks.
Lifestyle & Amenities
Residents enjoy a neighborhood-oriented lifestyle with access to local parks and community spaces. The area's central location provides convenient proximity to shopping, dining, and essential services in Waterloo. The community atmosphere is a key feature for those living in Common Grounds.
Real Estate Market
The Common Grounds real estate market is characterized by high demand and affordability. The median home value is $173,500, with a price per square foot around $60.99, and homes sell remarkably fast, averaging just 3 days on the market.
Schools & Education
Families in Common Grounds are served by the Waterloo Community School District. The neighborhood's location provides access to the district's various public schools. For higher education, residents are near the University of Northern Iowa and Hawkeye Community College.
Transportation & Connectivity
The neighborhood is well-connected by major roads, facilitating easy travel throughout the Waterloo-Cedar Falls metropolitan area. Public transportation is available via the Waterloo Metro Transit system. Its central location makes commuting and accessing regional amenities straightforward.
Why Choose Common Grounds
Common Grounds is an excellent choice for homebuyers seeking an affordable, fast-moving market in a central location. With a 65% homeownership rate and a median household income of $60,130, it appeals to working professionals and families. The combination of community feel, convenience, and value makes it a compelling neighborhood in Waterloo.
Common Grounds Market Data
| Metric | Value |
|---|---|
| Median Home Price | $174K |
| Median Gross Rent | $839/mo |
| Median Household Income | $60K |
| Homeownership Rate | 65.1% |
| Renter-Occupied | 34.9% |
| Rental Vacancy Rate | 4.5% |
| Market Type | Balanced |
| Market Tier | Affordable |
| Primary ZIP Code | 50701 |
| Mortgage Originations (2022 HMDA) | |
| Total Mortgage Originations | 87,047 |
| VA Loan Originations | 3,592 |
| VA Loan Share | 0.0% |
| Average VA Loan Amount | $245K |
| Conventional Loan Originations | 77,690 |
| FHA Loan Originations | 5,765 |
Top Real Estate Agents in Common Grounds, Waterloo
Local agent underwriting is in progress
Neighborhood intelligence while local agent underwriting continues. No agent profiles are currently published for Common Grounds, Waterloo, IA. Explore the available cited neighborhood data on this page.
Agent selection follows our published merit criteria. Do not infer or fabricate agent names.
Data Provenance
- State Licensing: Iowa Real Estate Commission — nightly license verification
- Consumer Ratings: Zillow Consumer Reviews — 24-month rolling window
- Transaction Records: MLS Transaction Data — 3-year performance window
- Housing & Demographics: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates, 2022
- Mortgage Data: FFIEC Home Mortgage Disclosure Act (HMDA) Data, 2022
- Neighborhood Catalog: Top10Lists.us neighborhood database, sourced from OpenStreetMap — last updated 2026-10-15