There are currently 52,717 real estate properties in Cedar Rapids, IA, with a median automated valuation model (AVM) price of $161,800.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Cedar Rapids, IA, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Cedar Rapids, IA, is $190,211.00, with the most expensive house in Cedar Rapids, IA, topping out at $4,304,000.00 and the cheapest home in Cedar Rapids, IA, clocking in at $37,400.00. In other words, there’s something for every potential homebuyer or savvy investor in Cedar Rapids, IA!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Cedar Rapids, IA, is on a rollercoaster ride. The average rent price in Cedar Rapids, IA, is $1,396.00. Indeed, when looking to rent in Cedar Rapids, IA, you can expect to pay as little as $640.00 or as much as $3,280.00, with the average rent median estimated to be $1,330.00. The good news is that finding an affordable and desirable property to rent in Cedar Rapids, IA -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Cedar Rapids, IA area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Cedar Rapids, IA and much more. Save thousands at closing with home foreclosure listings in Cedar Rapids, IA — up to 75% off market value!
Cedar Rapids is located in Linn, Iowa, with an estimated municipal population of 133,562 residents. All of the best foreclosed homes for sale in Cedar Rapids are located in the following zip code areas on Foreclosure.com: 52404 52405 52402 52401 52411 52403 52406 52407 52408 52409 52410 52497 52498 52499. The estimated population per square kilometer (.62 miles) in Cedar Rapids is 720.
So, about how much do homes cost in Cedar Rapids? The most recent median value of resident-owned homes in Cedar Rapids is 141,419. An estimated 69.3 percent of households in Cedar Rapids own their homes, with an average family size of 3.03. The median household income in Cedar Rapids is 58,511, with24 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Cedar Rapids, the median commute time of resident workers (in minutes) is 17.6. And last, but certainly not least, are you looking for homes to rent in Cedar Rapids? If so, the average rent price paid by renters in Cedar Rapids is 767, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Cedar Rapids, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in Cedar Rapids is 36.3, split between 49 percent male versus 51 female. The percentage of residents who report being married in Cedar Rapids is 45.7, with an average family size of 3.03.
The percentage of residents who report their race in Cedar Rapids is as follows:
|Black / African American||7.8%|
|American Indian / Alaskan Native||0.3%|
|Native Hawaiian / Other Pacifc Islander||0.2%|
Looking for family-friendly neighborhoods in and/or near Cedar Rapids? Or maybe you are searching for 55+ active adult communities in and/or near Cedar Rapids?
The percentage of residents who report their age in Cedar Rapids is as follows:
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Cedar Rapids with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Cedar Rapids.
How do you know that living in -- or moving to -- Cedar Rapids is right where you need to be? Perhaps you grew up in Cedar Rapids or already live nearby; therefore, the decision to buy a home in Cedar Rapids is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Cedar Rapids for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in Cedar Rapids:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Cedar Rapids.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Cedar Rapids can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Cedar Rapids, meanwhile, can field multiple offers from more qualified buyers.