Why Live in Downtown Cedar Rapids
Straddling the Cedar River, Downtown Cedar Rapids has seen significant revitalization, transforming into a vibrant cultural hub. The recent development has brought new riverfront buildings and improved walkability, with a new bridge across the water set to be completed in 2025. The neighborhood offers a variety of amenities, including shops, restaurants, breweries and bars. Popular dining spots include Black Sheep Social Club, LP Street Food and Need Pizza. Residents can enjoy coffee at Dash Coffee Roasters and shop for groceries at Hy-Vee. The Paramount Theatre hosts a range of events, and the annual farmers market features entertainment and numerous vendors. The Freedom Festival, leading up to July Fourth, includes parades and carnivals. Greene Square, the only park in the area, offers a railroad-inspired area for picnicking and gatherings. Cultural attractions include the National Czech & Slovak Museum and the Cedar Rapids Museum of Art. Condos make up most of the neighborhood's housing, many in converted warehouses or new buildings. Many have upscale amenities like fitness centers and green spaces. Interstate 380 provides easy commuting, and Eastern Iowa Airport is an 8-mile drive away. While the area has experienced flooding, significant investments have been made in flood protection.
Frequently Asked Questions
Is Downtown Cedar Rapids a good place to live?
Downtown Cedar Rapids is a good place to live. Downtown Cedar Rapids is considered fairly walkable and very bikeable with some transit options. Downtown Cedar Rapids has 3 parks for recreational activities. It is fairly sparse in population with 5.4 people per acre and a median age of 37. The average household income is $57,088 which is below the national average. College graduates make up 31.3% of residents. A majority of residents in Downtown Cedar Rapids are renters, with 83.3% of residents renting and 16.7% of residents owning their home. A
local real estate agent serving Downtown Cedar Rapids can help you decide if this neighborhood is the right one for you. Learn more on our
Downtown Cedar Rapids neighborhood guide.
Is Downtown Cedar Rapids, IA a safe neighborhood?
Downtown Cedar Rapids, IA is less safe than the average neighborhood in the United States. It received a crime score of 8 out of 10.
How much do you need to make to afford a house in Downtown Cedar Rapids?
The median home price in Downtown Cedar Rapids is $102,000. If you put a 20% down payment of $20,400 and had a 30-year fixed mortgage with an interest rate of 6.22%, your estimated principal and interest payment would be $500 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $21K a year to afford the median home price in Downtown Cedar Rapids. Learn how much home you can afford with our
Home Affordability Calculator. The average household income in Downtown Cedar Rapids is $57K.
What are the best public schools in Downtown Cedar Rapids?
The best public schools that serve Downtown Cedar Rapids are:
What are the best private schools in Downtown Cedar Rapids?
The best private schools that serve Downtown Cedar Rapids are:
What are the most popular zip codes in Downtown Cedar Rapids, Cedar Rapids, IA?
What are the most popular neighborhoods near Downtown Cedar Rapids, Cedar Rapids, IA?
Home Trends in Downtown Cedar Rapids, IA
On average, homes in Downtown Cedar Rapids, Cedar Rapids sell after 71 days on the market compared to the national average of 53 days. The median sale price for homes in Downtown Cedar Rapids, Cedar Rapids over the last 12 months is $95,000, down 8% from the median home sale price over the previous 12 months.
Median Sale Price
$95,000
Median Single Family Sale Price
$92,500
Median 2 Bedroom Sale Price
$93,750
Average Price Per Sq Ft
$158
Number of Homes for Sale
2
Last 12 months Home Sales
11
Median List Price
$102,000
Median Change From 1st List Price
4%
Median Home Sale Price YoY Change
-8%