Why Live in Downtown Iowa City
Downtown Iowa City is a vibrant neighborhood characterized by its dynamic commercial scene and close ties with the University of Iowa. Residents enjoy a plethora of things to do, with a variety of shops, restaurants, parks, and cultural attractions within walking distance. The area boasts numerous dining options, from breakfast nooks and bubble tea cafes to upscale steakhouses and live music venues like Gabe's. Notable points of interest include the Old Capitol Town Center, the Pedestrian Mall, the University of Iowa Museum of Natural History, and The Stanley Museum of Art. The neighborhood hosts events year-round, such as the Taste of Iowa City, Downtown Summer Block Party, and Herky on Parade. The University of Iowa, located 1.5 miles west, is easily accessible via pedestrian bridges. City High School, a highly rated institution, serves the area. Downtown Iowa City prioritizes pedestrian traffic with interconnected streets, bike lanes, and free public transit through Iowa City Transit and the university's CAMBUS. Housing options range from historic condos to contemporary high-rises, featuring open floor plans, balconies, and reserved parking. Recreational spaces include the Pedestrian Mall's playground and the Robert A. Lee Community Recreation Center. With ongoing improvements to enhance its pedestrian-friendly atmosphere, Downtown Iowa City remains a lively and accessible neighborhood.
Frequently Asked Questions
Is Downtown Iowa City a good place to live?
Downtown Iowa City is a good place to live. Downtown Iowa City is considered very walkable and very bikeable with good transit options. Downtown Iowa City has 2 parks for recreational activities. It is very dense in population with 69.6 people per acre and a median age of 25. The average household income is $39,147 which is below the national average. College graduates make up 56.9% of residents. A majority of residents in Downtown Iowa City are renters, with 95.8% of residents renting and 4.2% of residents owning their home. A
local real estate agent serving Downtown Iowa City can help you decide if this neighborhood is the right one for you. Learn more on our
Downtown Iowa City neighborhood guide.
How much do you need to make to afford a house in Downtown Iowa City?
The median home price in Downtown Iowa City is $605,000. If you put a 20% down payment of $121,000 and had a 30-year fixed mortgage with an interest rate of 6.5%, your estimated principal and interest payment would be $3,060 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $131K a year to afford the median home price in Downtown Iowa City. The average household income in Downtown Iowa City is $39K.
What are the best public schools in Downtown Iowa City?
The best public schools that serve Downtown Iowa City are:
What are the best private schools in Downtown Iowa City?
The best private schools that serve Downtown Iowa City are:
What are the most popular zip codes in Downtown Iowa City, Iowa City, IA?
What are the most popular neighborhoods near Downtown Iowa City, Iowa City, IA?
Are home prices dropping in Downtown Iowa City?
Yes, home prices in Downtown Iowa City are down 16% in the last 12 months.
Home Trends in Downtown Iowa City, IA
On average, homes in Downtown Iowa City, Iowa City sell after 134 days on the market compared to the national average of 52 days. The median sale price for homes in Downtown Iowa City, Iowa City over the last 12 months is $580,000, down 10% from the median home sale price over the previous 12 months.
Median Sale Price
$580,000
Median 2 Bedroom Sale Price
$1,317,500
Median 1 Bedroom Sale Price
$515,000
Average Price Per Sq Ft
$521
Number of Homes for Sale
12
Last 12 months Home Sales
9
Median List Price
$605,000
Median Change From 1st List Price
6%
Median Home Sale Price YoY Change
-10%
