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Downtown Cedar Rapids Home 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

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 somewhat dense in population with 6.0 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% of residents renting and 17% 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 $104,950. If you put a 20% down payment of $21,000 and had a 30-year fixed mortgage with an interest rate of 6.52%, your estimated principal and interest payment would be $530 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $23K 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 52404, 52405, 52401, 52403 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, Oak Hill Jackson, Wellington Heights, Taylor and Mound View.
Are home prices dropping in Downtown Cedar Rapids?
Yes, home prices in Downtown Cedar Rapids are down 16% in the last 12 months.

Downtown Cedar Rapids Home Prices vs. Nearby Cedar Rapids, IA Neighborhoods

Downtown Cedar Rapids Downtown Waterloo Cedar River Franklin Gateway
Median Home Price
$104,950
$127,400
$79,500
$81,250
Median Sale Price
$93,750
-3% YoY
$117,500
$70,000
$70,000
-27% YoY
Median Single Family Price
$92,500
$30,000
$70,000
$65,000
Total Active Listings
1
0
0
1
Market Conditions
1 Months
Seller's Market
0 Months
Seller's Market
0 Months
Seller's Market
4 Months
Balanced Market
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