Waterloo, OR
Population 242 · Oregon
About Waterloo, OR
Waterloo is a small community located in Oregon with a population of 242 residents according to the latest US Census Bureau American Community Survey data. The median household income is $61,458 per year, which is 18% below the national median of $75,149. The median age of 45.7 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Waterloo features a median home value of $236,500, which is 3% below the national median of $244,900. This positions Waterloo in a moderately priced market relative to the rest of the country. Median monthly rent is $1,094, 6% below the national average of $1,163/month. Of the 79 total housing units, 94% are owner-occupied (74 units) and 6% are renter-occupied (5 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Waterloo shows an unemployment rate of 6.9%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 3.7%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Waterloo have an average one-way commute time of 37.6 minutes, suggesting many residents commute to jobs in a nearby metro area.
Education & Demographics
11.0% of Waterloo residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 4.1% White, 0.8% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.8% of the population being foreign-born.
Cost of Living in Waterloo, OR
Compared to national averages, Waterloo has a median household income of $61,458 (18% below the national median of $75,149). Home values average $236,500, which is 3% below the national median. Monthly rent at $1,094 is 6% below the US average of $1,163. Within Oregon, Waterloo's income is 19% below the state average of $76,196, and home values are 38% below the state median of $382,095.
Why Live in Waterloo, OR?
Waterloo offers affordable housing with a median home value of $236,500, below the US average of $244,900, and rent that’s lower than the national average at $1,094/month, and a low poverty rate of 3.7%, better than the national average.
Potential considerations include median household income ($61,458) that falls below the national average. However, Waterloo’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Waterloo has a population of 242 with a median age of 45.7 years. Compare Waterloo with other cities to see how it stacks up, or explore all cities in Oregon.
Similar Cities Near Waterloo
Cities in Oregon with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Kirkpatrick | 242 | $206,875 | $295,400 | Compare |
| Butteville | 244 | $117,857 | $1,000,000 | Compare |
| Labish Village | 238 | $0 | $0 | Compare |
| Fair Oaks | 247 | $64,688 | $312,500 | Compare |
| Alpine | 230 | $56,458 | $528,100 | Compare |
| Haines | 228 | $46,806 | $121,600 | Compare |
| Holley | 259 | $105,134 | $497,100 | Compare |
| Nehalem | 225 | $69,464 | $418,400 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Oregon
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Waterloo
What is the population of Waterloo, OR?
The population of Waterloo, OR is 242 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Oregon.
What is the median household income in Waterloo?
The median household income in Waterloo, OR is $61,458 per year, which is 18% below the national median of $75,149.
What is the median home value in Waterloo?
The median home value in Waterloo, OR is $236,500, which is 3% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Waterloo?
The median monthly rent in Waterloo, OR is $1,094, which is 6% below the national average of $1,163/month.
What is the unemployment rate in Waterloo?
The unemployment rate in Waterloo, OR is 6.9%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Waterloo, OR a good place to live?
Waterloo offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 242 and a median age of 45.7, the city appeals to established professionals and retirees.
How educated is Waterloo, OR?
11.0% of residents in Waterloo aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Waterloo?
Key cost-of-living indicators for Waterloo, OR: median home value is $236,500 (3% below national), median rent is $1,094/month, and median household income is $61,458. The home-value-to-income ratio is 3.8x, a moderate figure by national standards.
What is the poverty rate in Waterloo?
The poverty rate in Waterloo, OR is 3.7%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Waterloo, OR?
Waterloo's population is 4.1% White, 0.8% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.8% of residents are foreign-born.