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.


Housing Size

Housing Units by Size
Studio Type2.20%
One Bedroom12.50%
Two Bedrooms29%
Three Bedrooms41%
Four Bedrooms13.50%
Five Bedrooms or more1.80%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.54
Median year structure was built1961
Median Value of occupied units$95,200
Median Price asked for vacant units$79,700

Rented Homes, Apartments and Condos

Average Household Size1.93
Median year structure was built1969
Median Monthly Rent asked for vacant units$436

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.40%
Second Mortgage8.20%
Home Equity Loan10.10%
Simple Mortgage51.60%
Debt Free29.60%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs17%