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Downtown Cedar Rapids Homes for Sale

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  • /49

    $1,600,000

    • 3 Beds
    • 2.5 Baths
    • 4,800 Sq Ft

    200 3rd Ave SW Unit 400, Cedar Rapids, IA 52404

    Wake up to breathtaking views every morning in this exceptional penthouse residence, where nearly 4,800 square feet of luxury living meet sweeping vistas of the river and downtown skyline. From the moment you arrive, enjoy the ultimate in privacy and convenience with your own secure, private elevator entrance, leading directly into a mudroom off a heated 3-stall garage perfect for seamless,

    Debra Callahan RE/MAX CONCEPTS

    200 3rd Ave SW Unit 400, Cedar Rapids, IA 52404
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    $160,000

    Lot 1 Kestrel Estates 1st Addition, Cedar Rapids, IA 52403

    Don’t miss your chance to build your dream home on a premium lot in the vibrant new Kestrel Heights development—these sought-after lots are already being purchased! Nestled on the southeast side of Cedar Rapids, this 65-acre community combines the charm of rural living with the convenience of city amenities. With lot sizes starting at 1⁄4 acre, there’s an option to suit every vision, but the most

    Alexis Kemp RE/MAX CONCEPTS

    Lot 1 Kestrel Estates 1st Addition, Cedar Rapids, IA 52403

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 somewhat walkable and bikeable with good 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 $139,960. If you put a 20% down payment of $28,000 and had a 30-year fixed mortgage with an interest rate of 6.3%, your estimated principal and interest payment would be $690 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $30K 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?
The most popular zip codes in Downtown Cedar Rapids, Cedar Rapids, IA include 52401, 52403, 52404, 52405 and 52402.
What are the most popular neighborhoods near Downtown Cedar Rapids, Cedar Rapids, IA?
The most popular neighborhoods near Downtown Cedar Rapids, Cedar Rapids, IA are Northwest Area, Taylor, Oak Hill Jackson, Wellington Heights and Mound View.

Home Trends in Downtown Cedar Rapids, IA

Housing Trends

Median Sale Price
$99,900
Median Single Family Sale Price
$93,750
Median 2 Bedroom Sale Price
$99,900
Average Price Per Sq Ft
$180
Number of Homes for Sale
2
Last 12 months Home Sales
11
Months of Supply
2.20
Median List Price
$139,960
Median Change From 1st List Price
2%
Median Home Sale Price YoY Change
7%
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