1031 Exchange Cedar Rapids, Iowa

 

Rent, population, and median household income are important factors to consider for a 1031 exchange in Cedar Rapids due to their correlations with market demand, and conversely, vacancy rate.

Surrounding metropolitan Area

Cedar Rapids, Iowa is a part of the Cedar Rapids, IA metropolitan area, and contains 14 zip codes, including: 52405, 52499, 52401, 52409, 52408, and 52497.

Cedar Rapids Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Cedar Rapids, IA metropolitan area was $710, which is 11.99% lower than 2014 average rent. This represents a compounded annual growth rate of 2.29%. 2019 vacancy in Cedar Rapids, IA was 1.80%.

The total population of the city of Cedar Rapids, IA has grown 5.42% since 2010. As of 2018, the population was 133,174. The median household income of the Cedar Rapids was $59,152, which is 1.89% lower than the national average.

  • metropolitan area Cedar Rapids, IA
  • avg rent $710
  • rent growth 11.99%
  • vacancy 1.80%
  • median income $59,152
  • population (2018) 133,174
  • population growth 5.42%
  • vs. nat'l avg 1.89%
  • zip codes 52401 52402 52403 52404 52405 52406 52407 52408 52409 52410 52411 52497 52498 52499

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