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Franklin Gateway, Waterloo,IA

Neighborhood Data
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If you’re considering a move to the southeast side of Waterloo, IA, Franklin Gateway is a wonderful neighborhood to explore. Known for its friendly atmosphere and community-oriented vibe, it offers a great balance of suburban comfort with easy access to city amenities. Residents here appreciate the mix of well-maintained homes and green spaces, making it an inviting place for families and individuals alike. Whether you enjoy peaceful walks or weekend barbecues, the neighborhood's welcoming spirit makes it easy to feel right at home.

One of the standout features of Franklin Gateway is its proximity to several local attractions that add charm and convenience to everyday life. The area boasts nearby parks that are perfect for outdoor activities, including walking trails and playgrounds for kids. Food lovers will enjoy the variety of local eateries and coffee shops scattered throughout the neighborhood, offering a taste of Waterloo’s diverse culinary scene. Additionally, cultural venues and community centers are within a short drive, providing plenty of options for entertainment and social gatherings.

For those working downtown, Franklin Gateway’s location is a major plus, situated just a quick 10 to 15-minute drive from Waterloo’s vibrant city center. This makes commuting hassle-free while still allowing residents to retreat to a quieter, residential area after a busy day. With easy access to major roads and public transportation options, Franklin Gateway combines convenience with comfort. If you’re looking for a neighborhood that offers both a strong sense of community and proximity to the heart of the city, Franklin Gateway in southeast Waterloo is definitely worth checking out.

Community Snapshot

Population 750
Density (People/sqml.) 1,430
Median Age 35.3
Married Couples
26%
26% of the population of Franklin Gateway aged 16 years and older are married.
Have Kids
18%
18% of the population aged 16 years or older have children.

About 26% of the Franklin Gateway population aged 16 and older are married, which is notably lower than average. This could suggest a community with a younger, more transient population—perhaps made up of students, professionals, or renters. It may also reflect a neighborhood that attracts singles or couples without children, contributing to a more independent, urban lifestyle.

With only 18% of people over 16 having children, you can expect an easygoing environment that tends to attract residents seeking a quieter lifestyle. The atmosphere here leans more toward adult-oriented living. Without the constant rhythm of school schedules or kid-centered events, the community maintains a slower, more relaxed pace. This makes it especially appealing to singles, couples, and empty nesters who appreciate tranquil streets, and recreation on their own terms.

Age Breakdown

Franklin Gateway neighborhood age breakdown chart

Franklin Gateway demographics offer valuable insights into the character and lifestyle of the neighborhood, helping you understand who lives there and what daily life might feel like. Home to only about 750 residents, Franklin Gateway is notably smaller than many other Waterloo neighborhoods, creating a more peaceful and community-oriented atmosphere. Its lower population can translate to quieter streets, a more relaxed pace of life, and easier access to local amenities — all without sacrificing the vibrant urban lifestyle the city is known for.

With a lower than average population density of 1,430 people per square mile, Franklin Gateway offers a more open and spacious environment compared to many other Waterloo neighborhoods. This often means quieter streets, less congestion, and a relaxed atmosphere — all while still providing access to the amenities and conveniences of city living.

With an average age of 35, you're likely to find a well-balanced community where multiple generations live side by side. This mix of age groups contributes to a neighborhood atmosphere that’s both active and welcoming, offering a blend of fresh perspectives and long-standing community values.

Crime in Franklin Gateway

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Total Crime Incidents
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Types of Crime

Franklin Gateway neighborhood age breakdown chart

Franklin Gateway Crime Map

The Franklin Gateway crime map offers a clear, data-driven look at how crime is distributed throughout the neighborhood, using block group data to highlight both safer areas and potential hot spots. The color-coded map makes it easy to see where crime is more concentrated and where it occurs less frequently, helping residents and prospective buyers better understand local safety patterns. It’s important to note that darker or red zones on the map don’t necessarily mean those areas are unsafe — locations near busy transit hubs, shopping districts, or popular attractions often show higher activity simply due to larger crowds and increased foot traffic.

Housing

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Home Price $74,867
Median Rent $860
People/Household 1.9

Home Price Breakdown

Franklin Gateway neighborhood home price breakdown chart

Rent vs Own

Rent 66% Own 34%

Year Moved In

Before 2010 44% After 2010 56%

Types of Homes in the Area

Market Trends

Year-over-Year YoY data

 

Housing trends offer valuable insight into the accessibility and character of a neighborhood. In Franklin Gateway, the median home price is $74,867, which is less than many surrounding areas. This affordability makes it an attractive option for first-time buyers, young families, or anyone looking to enter the housing market without a significant financial barrier. Looking at appreciation rates and past market trends in Franklin Gateway can offer valuable insight into the neighborhood’s investment potential. Understanding how home values have changed over time helps buyers gauge future growth, assess long-term stability, and make more informed real estate decisions.

The median rent is around $860, which is on par with many comparable neighborhoods. This balanced pricing offers a mix of affordability and value, making it a practical choice for a wide range of renters.

Walkability & Lifestyle

Coffee Shops

Lincoln Perk Coffee House
Coffee Shop
min.
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Fat Cup
Coffee Shop
min.
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Entertainment

Phelps Youth Pavillion
Museum
min.
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RiverLoop Amphitheatre
Theatre Arts
min.
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Food & Drink

SingleSpeed Brewing Co
Bar
min.
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Hardee's
Fast Food
min.
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Groceries

Try Pie Bakery
Bakery
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Rockets Bakery
Bakery
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Parks

Wiggly Field Dog Park
Park
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Lincoln Park
Park
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Shops

Dollar General
Discount Store
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SYncamore Convenience
Convenience Store
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Getting Around

Transit Stops

Bus Stop
Bus Stop
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Bus Stop
Bus Stop
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Transit Stations

Bus Station
Bus Station
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Health & Safety

Medical Facilities

Peoples Community Health Clinic
Clinic
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Allen Hospital
Hospital
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Health Care

Allen Women's Health - Waterloo
Doctor
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Crossroads Dental
Dentist
min.
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Safety

Waterloo Fire and Rescue Station 1
Fire Station
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Waterloo Police Department
Police
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Top Neighborhood Schools

Name Category Grades Rating
Expo Alternative Learning Center
1410 Independence Ave, Waterloo, IA
High School 6 - 12 School Score
Lowell Elementary School
1628 Washington St, Waterloo, IA
Elementary School KG - 5 School Score
Sacred Heart School
620 W 5Th St, Waterloo, IA
Elementary School PK - 5 School Score
East High School
214 High St, Waterloo, IA
High School 9 - 12 School Score
Lincoln Elementary School
302 Cedar Bend St, Waterloo, IA
Elementary School PK - 5 School Score
West High School
425 E Ridgeway Ave, Waterloo, IA
High School 9 - 12 School Score
Valley Lutheran School
4520 Rownd St, Cedar Falls, IA
High School KG - 12 School Score

Education Level Achieved

Education is a key factor in understanding the character and opportunities within a community like Franklin Gateway. School ratings here reflect important indicators such as academic performance, graduation outcomes, and standardized testing, while NAEP (National Assessment of Educational Progress) scores offer a valuable national comparison to gauge how local schools measure up. Looking at the overall education level of residents in Franklin Gateway can also provide meaningful insight into the neighborhood’s focus on learning and long-term growth, helping families choose a community that aligns with their educational goals.

Economy

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Income Per Capita $20,753
Household Income $30,741
Unemployment 7.2%

Income Breakdown

Franklin Gateway Income breakdown chart

Employment by Industry

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Local economic factors play a key role in shaping the character and accessibility of a neighborhood, influencing everything from lifestyle to opportunity. Household incomes in Franklin Gateway average around $30,741, which is lower than average. This affordability contributes to a more accessible lifestyle, making it an appealing choice for first-time homeowners, young families, and those looking to enjoy the benefits of the area without a high price tag.

The employment landscape can reveal important details about the economic conditions of a neighborhood and the opportunities available to its residents. In Franklin Gateway, the unemployment rate is 7%, which is higher than average. This elevated rate may point to a more competitive job market or transitional economic conditions, shaping the overall character and pace of the community.

Frequently Asked Questions

What types of homes are common?

Franklin Gateway in Waterloo, IA features a mix of residential options, predominantly consisting of single-family homes built from the mid-20th century onward. You'll find many ranch-style houses as well as some split-levels and modest two-story homes. The neighborhood offers a balanced blend of affordable and well-maintained properties, catering to families, retirees, and young professionals alike.

Are there major highways or transit lines nearby?

Yes, Franklin Gateway benefits from convenient access to major roadways, including U.S. Highway 63 which runs close by, facilitating easy travel to other parts of Waterloo and the surrounding region. Additionally, the Waterloo Public Transit system services the area with several bus routes, making it accessible for commuters without vehicles. This connectivity helps residents reach Downtown Waterloo and nearby attractions efficiently.

Are there any community events or local gatherings throughout the year?

Franklin Gateway hosts a variety of community-focused events throughout the year, often in partnership with the city of Waterloo. Residents frequently gather for seasonal celebrations such as the Franklin Gateway Neighborhood Picnic and local block parties. Nearby, the city organizes events like the annual Waterloo Jazz Festival and the Cedar Valley Farmers Market, which are easily accessible and popular among neighborhood residents.

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