$262,978Average Value$142Average Price per Sq Ft5Homes For Sale
Downtown has become a cultural hub
Downtown Cedar Rapids has undergone a revitalization in recent years, transforming into a vibrant cultural center. Jason Vestweber, a Realtor with Skogman Realty Corridor, has sold several homes in the here and is even considering a move there himself. "Over the past [few] years, there's been a revitalization effort, and we're now turning towards the river," Vestweber says. A new bridge across the river will be completed in 2025, riverfront buildings are being constructed and the city is improving its walkability. "The industrial backdrop we used to see is gone and as many as 800 apartment buildings have gone up," Vestweber says.
Downtown Cedar Rapids apartments combine modern living with urban excitement.
Living in Downtown Cedar Rapids means enjoying a blend of urban convenience and historic charm.
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A community of condos
Though some single-family houses exist, downtown housing comprises condominiums in converted warehouses or new buildings on landscaped grounds. With prices ranging between $59,000 and $406,000, many condo complexes offer amenities like fitness centers and green spaces. Vestweber notes that inventory is slim. For $59,000, a buyer can get a 625-foot one-bedroom condo. On the higher end, a buyer can get a three-bedroom, 1,400-square-foot condo.
The condos in Downtown Cedar Rapids provide easy access to local dining and entertainment.
Condos in Downtown Cedar Rapids offer stylish urban living with city skyline views.
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A park or an art installation or both?
Greene Square is the only park in the downtown area and looks more like a modern art installation than a recreational space. Geometric shapes meld with the clean edges of the city’s architecture. The park’s proximity to the former train depot sparked several aspects of the design concept, including the water feature’s design, which is reminiscent of a railroad track. In addition to the fountain, Greene Square is a popular spot for picnicking and gatherings. A flourishing center for arts and culture, downtown is home to the National Czech & Slovak Museum, the Cedar Rapids Museum of Art, Paramount Théâtre, Orchestra Iowa and the Iowa Cultural Corridor Alliance.
Greene Square Park features well-maintained walking paths and open spaces.
Enjoy the serene surroundings at Plaza Park.
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HIgh school offers a dual credit program
Students can start their academic journey at Pierce Elementary School, which has a B-minus grade. Franklin Middle School has a C-plus. Jefferson High School, which has a B-minus grade, offers eligible students to enroll in college-level courses through Kirkwood Community College’s dual credit program.
Your kids will enjoy learning in the inspiring atmosphere of Pierce Elementary School.
Students are the highest priority at Franklin Middle School.
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Community celebrates freedom
“July fourth and the weeks before it is a big deal downtown,” Vestweber says. The Freedom Festival begins each year on June 14th, and continues for the three weeks leading up to and including Independence Day. Festivities include parades, carnivals and vendors.
Shopping in New Bohemia is a delight, with its charming shops and artisan products.
Kingston Yard in Downtown Cedar Rapids is a vibrant spot for outdoor fun and relaxation.
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I-380 enables residents to commute easily
Interstate 380 curves around the western edge and southern border, allowing for an easy commute. “We have a central location that allows residents to reach major surrounding cities in under four hours, Vestweber says. ” Downtown has several options for hospital care, including Mercy Medical Center and UnityPoint Health-St. Luke’s Hospital. Cedar Rapids Transit does have several bus stops in town; however, most residents prefer to drive and/or walk and bike. Eastern Iowa Airport is an 8-mile drive via I-380.
The Ground Transportation Center is a central bus hub, connecting neighborhoods in Cedar Rapids.
Biking in downtown Cedar Rapids stands out as a popular choice for both commuting and enjoying.
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Downtown continues to grow with five-year plan
The city council recently approved a five-year plan to further revitalize downtown. The project will involve a combination of housing, retail and dining options. Downtown currently offers a wide range of amenities, making it a convenient place to live with its growing variety of shops, restaurants, breweries, and bars. Residents can purchase groceries from Hy-Vee and enjoy a morning cup of coffee and a bite to eat at Dash Coffee Roasters. Two of Vestweber's favorites are Black Sheep Social Club, an upscale restaurant and bar located in a former warehouse, and LP Street Food, which offers a menu inspired by American street food. Need Pizza offers New Haven-style pizzas and salads, along with 30 craft beers on tap. Pickle Palace is a multi-level, indoor/outdoor restaurant, event and recreation venue. The Paramount Theatre is a versatile venue that hosts symphonies, operas, touring shows, community productions, and various events. Additionally, the annual farmers market on select Saturday mornings features entertainment, food, and 200 market vendor
The retail scene in Downtown Cedar Rapids offers from stylish apparel to specialty goods.
Savor craft beers and great vibes at Big Grove Brewery in Downtown Cedar Rapids.
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Flood protection is in place
Downtown Cedar Rapids is subject to flooding. “In 2008, we experienced the worst flood in Cedar Rapid’s history thanks to several days of rain,” Vestweber says. “Since then, the city has invested two to three million dollars for flood protection.”
The Cedar River flows through Downtown Cedar Rapids, providing a scenic backdrop for the city.
Downtown Cedar Rapids boasts a blend of historic charm and modern vibrancy.
GreatSchools:
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
View GreatSchools Rating Methodology
Interested in learning more about homes in this area?
Reach out to
Jim Zachar,
an experienced agent in this neighborhood.
Parks in this Area
Greene Square Park
Sunner Memorial Park
Plaza Park
Transit
Airport
The Eastern Iowa
15 min drive
Bus
Diagonal Dr & 1st St
Bus
7th Ave & 1st St
Bus
Gtc Bay 8
Bus
5th Ave & 5th St
Bus
1st Ave & 2nd St
Bus
4th Ave & 5th St
Bus
6th St & 6th Ave
Crime and Safety
1 - Low Crime, 10 - High Crime
Downtown Cedar Rapids
US
Homicide
7
4
Sexual Assault
9
4
Assault with Weapon
9
4
Robbery
8
4
Burglary
10
4
Motor Vehicle Theft
10
4
Larceny
10
4
Crime Score
9
4
Source: WhatIsMyCrimeRisk.com
Downtown Cedar Rapids Demographics and Home Trends
On average, homes in Downtown Cedar Rapids, Cedar Rapids sell after 62 days on the market compared to the national average of 49 days. The median sale price for homes in Downtown Cedar Rapids, Cedar Rapids over the last 12 months is $96,700, down 28% from the median home sale price over the previous 12 months.
You have just found luxury loft living in one of Cedar Rapids’ most sought-after buildings! Welcome to this stunning two-bedroom, two-bath condo at Kingston Commons—where modern comfort meets unbeatable views of the river and downtown skyline. This is a rare opportunity—only four units have sold here in the last five years, so don’t miss your chance to call this exclusive community home. From
3 Units in this investment building. Two 1 bedroom/1 bath units on the main floor. Upper Level has a 2 Bedroom, 2 Bath unit with an outdoor deck. Units 1 $700 per month, Unit 2 $650.00 per month, Unit 3 $775, with room for increased rents. All tenants are Month to Month. Metal Roof, Coin laundry on site. Must be purchased with adjacent property 728 4th Ave SE parcel 14214-8001-00000. 24 Hour
Welcome to 400?1st?St?SE?#303, a beautifully updated 2-bed, 2-bath condo in the heart of downtown Cedar Rapids. Inside, you’ll find modern finishes throughout, a secured entrance with elevator access, and the option to rent a parking space in the adjacent ramp.Enjoy the convenience of onsite laundry and an exercise facility, plus a quick stroll to your favorite restaurants, shops, and scenic
Enjoy CITY LIGHTS and RIVER VIEWS from your high rise apartment Downtown! Cedar River Tower Apartments offer spacious and comfortable living, decorated in neutral colors, compatible with any décor. We have an awesome downtown location with fabulous breathtaking views. Smoke Free! Ask about our 6 month & 12 month lease options. Urban living in Cedar Rapids Iowa!
The Roosevelt Apartments are located in downtown Cedar Rapids in the historically-restored 12-story Roosevelt Hotel Building. Our homes offer fantastic river and downtown views and an awesome location near shopping, restaurants, and plenty of entertainment. Originally built in 1927, The Roosevelt retains its historic charm including original terrazzo flooring in the lobby and other treasures
Coventry Lofts offers beautifully renovated, industrial loft-style apartments that perfectly blend historic character with modern design. Each 1-bedroom, 1-bath unit showcases exposed brick walls, original wood beams, and open ductwork—preserving the authentic charm of the building's past. The spacious, open-concept floor plans are enhanced by sleek, modern finishes, making Coventry Lofts an
Interested in learning more about homes in this area?
Reach out to
Jim Zachar,
an experienced agent in this neighborhood.
Average Home Value
Source: Public Records
Property Mix - Square Feet
This Neighborhood Has More Renters
Demographics
Total Population
1,594
Median Age
37
Population Density
6 ppl/acre
Population under 18
17.6%
Below the national average
23.8%
Population over 65
15.9%
On par with the national average
19.1%
Finances
Median Household Income
$44,157
Significantly below the national average
$71,702
Average Household Income
$59,517
Education and Workforce
High School Graduates
94%
On par with the national average
89.1%
College Graduates
30.5%
Advanced Degrees
10.5%
% Population in Labor Force
50.8%
Below the national average
65.1%
Weather
Annual Precipitation
36''
Average Winter Low Temperature
12°F
Average Summer High Temperature
82°F
Annual Snowfall
18''
Area Factors
Bikeable
Bike Score®
66/ 100
Very Walkable
Walk Score®
75/ 100
Some Transit
Transit Score®
39/ 100
Source: Walk Score
Source: Walk Score
Sound Score® measures the noise level of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
