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.
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%