The Light Suburban classification of Waterloo implies a mix of housing types, primarily single-family homes and some townhouses. Estimated average lot sizes range from 0.5 to 1 acre.

Waterloo likely has developed infrastructure, including access to schools, healthcare facilities, and local highways. Public transportation is probable, though potentially limited compared to larger urban areas.

The city environment likely provides a combination of suburban convenience and community engagement. Residents may have access to local parks, community centers, and various local businesses and services.

The observed population decline may indicate challenges in resident retention or attraction, possibly due to economic factors or competition from larger urban centers. However, the relatively stable population density suggests maintenance of the suburban character without significant urban landscape changes.

In summary, Waterloo exhibits characteristics of a stable suburban environment with a slowly decreasing population. The city potentially offers a lifestyle balancing suburban space and community amenities, with possibilities for future development to attract and retain residents.