Cedar Rapids, IA Real Estate
According to census data in the year 2000 there were 52,169 housing units in Cedar Rapids.
This represents a 14.7% growth from 45,473 in 1990.
Of those housing units, 51,667 were located in either urbanized areas or urban clusters, and 502 were located in what is classified as a rural area.
Homeownership rate in Cedar Rapids is about 69.1%.
Cedar Rapids's vacancy rate, including seasonal lodging, is about 4.5%.
Average household size is 2.35 people.
The majority of houses, apartments or condos in Cedar Rapids were built after 1964.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 2.20% |
| One Bedroom | 12.50% |
| Two Bedrooms | 29% |
| Three Bedrooms | 41% |
| Four Bedrooms | 13.50% |
| Five Bedrooms or more | 1.80% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.54 |
| Median year structure was built | 1961 |
| Median Value of occupied units | $95,200 |
| Median Price asked for vacant units | $79,700 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.93 |
| Median year structure was built | 1969 |
| Median Monthly Rent asked for vacant units | $436 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.40% |
| Second Mortgage | 8.20% |
| Home Equity Loan | 10.10% |
| Simple Mortgage | 51.60% |
| Debt Free | 29.60% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 17% |
