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Lincolnway Village Home for Sale

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    $6,500,000

    6620 Preston Terrace Ct SW, Cedar Rapids, IA 52404

    The Eagle’s Nest Apartments are a 5 – building, 33 – Unit / 131 – bedroomapartment community located next to Kirkwood Community College. Theproperty is currently rented by the bedroom, appealing to students, andfeatures two different floor plans: 4 bed / 4 bath & 4 bed / 2 bath. The6620 Preston Ct. SW building was constructed in 2022 and the other 4buildings were constructed

    Josh Seamans Cushman & Wakefield Iowa Commercial Advisors

    6620 Preston Terrace Ct SW, Cedar Rapids, IA 52404

Why Live in Lincolnway Village

Lincolnway Village in Cedar Rapids is a tranquil neighborhood established in the 1960s and 70s, located near Interstate 380 and a large industrial site. The area features wide streets without sidewalks, houses with sizeable setbacks, and well-maintained lawns dotted with trees, giving it a suburban feel while being close to city amenities. Despite the proximity to railroad tracks and industrial areas, residents appreciate the accessibility to downtown Cedar Rapids, Eastern Iowa Airport, and Mercy Medical Center, all within a 5-mile drive. Public transportation is available through Cedar Rapids Transit, and local amenities include a Kum & Go gas station. Dining options in the area include JW's Pub & Grub and Rancheros Mexican Grill, with more extensive shopping and dining available in nearby Czech Village and downtown. Local attractions include the McGrath Amphitheater and NewBo City Market, offering live entertainment and unique food and business start-ups. Lincoln Way Park, within the neighborhood, provides a playground, ball fields, and picnic areas, while the nearby Jones Park offers extensive recreational facilities. Additional outdoor activities can be found at Beverly Park Mountain Bike Trailhead and the Sac & Fox Trail. The neighborhood primarily consists of small ranch-style homes with some traditional architecture, making it a budget-friendly option for starter homes. The College Community School District serves the area, with schools offering open enrollment and various educational opportunities.

Frequently Asked Questions

Is Lincolnway Village a good place to live?
Lincolnway Village is a good place to live. Lincolnway Village is considered very car-dependent and somewhat bikeable with minimal transit options. Lincolnway Village has 2 parks for recreational activities. It is fairly sparse in population with 5.5 people per acre and a median age of 28. The average household income is $95,119 which is below the national average. College graduates make up 30.2% of residents. A majority of residents in Lincolnway Village are renters, with 51.3% of residents renting and 48.7% of residents owning their home. A local real estate agent serving Lincolnway Village can help you decide if this neighborhood is the right one for you. Learn more on our Lincolnway Village neighborhood guide.
Is Lincolnway Village, IA a safe neighborhood?
Lincolnway Village, IA is less safe than the average neighborhood in the United States. It received a crime score of 7 out of 10.
How much do you need to make to afford a house in Lincolnway Village?
The median home price in Lincolnway Village is $291,250. If you put a 20% down payment of $58,200 and had a 30-year fixed mortgage with an interest rate of 6.31%, your estimated principal and interest payment would be $1,440 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $62K a year to afford the median home price in Lincolnway Village. The average household income in Lincolnway Village is $95K.
What are the best public schools in Lincolnway Village?
The best public schools that serve Lincolnway Village are:
What are the most popular zip codes in Lincolnway Village, Cedar Rapids, IA?
The most popular zip codes in Lincolnway Village, Cedar Rapids, IA include 52240, 52404, 52302, 52317 and 52241.
What are the most popular neighborhoods near Lincolnway Village, Cedar Rapids, IA?
The most popular neighborhoods near Lincolnway Village, Cedar Rapids, IA are Southwest Area, Cedar Valley, Taylor, Cleveland Area and Oak Hill Jackson.

Home Trends in Lincolnway Village, IA

Housing Trends

Median Sale Price
$293,750
Median Single Family Sale Price
$305,000
Median 2 Bedroom Sale Price
$75,000
Average Price Per Sq Ft
$148
Last 12 months Home Sales
32
Median List Price
$291,250
Median Change From 1st List Price
2%
Median Home Sale Price YoY Change
72%
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