Investment Property in Cedar Rapids, IA
Find the Perfect Piece of Investment Property in Cedar Rapids
Cedar Rapids, Iowa, is a great place to purchase a piece of investment property. The city has a rich history and is dotted with fascinating landmarks and historic properties. It has become Iowa’s main destination for culture and art. It also has a good balance of residential and commercial areas, which is ideal for real estate buyers who are looking for a good return on their investment. There is no shortage of investment property in Cedar Rapids, IA, so whether you’re interested in purchasing an office building or a triplex, you can find what you’re looking for in this welcoming city.
Population Growth Estimates
From 2016 to 2017, Cedar Rapids experienced a population growth of 0.90 percent. Currently, the city is ranked second for growth in the state of Iowa. The current population is estimated at just over 131,000. Steady growth is expected to continue in the coming years. Famous people throughout history have called this beautiful area home, including Douglas Barr, Jim Cummins and Elijah Wood.
Investment Property Types
If you’re looking for real estate investment property in Cedar Rapids, IA, you’re in luck. There are currently many property types for sale that you can snatch up for a good price. Your purchasing options include:
- Hotels and motels
- Apartment buildings
- Retail property
- Multi-family homes
- Commercial land
- Flex property
- Mixed use property
- Medical and healthcare offices
There are three separate four-year colleges located in Cedar Rapids, and two more within 25 miles. This makes the city a good destination for investment rental properties that could be rented out by students year-round. The city also draws families who are raising children and want access to some of the top-rated grade schools. More than 20 percent of the population in the family-friendly city is under 18 years of age. The city also draws retirees and is a great location for retirement property investments. The median home price in Cedar Rapids is $130,600. This information can help you price your rental properties appropriately and remain competitive so you can retain tenants.
The top non-agricultural job sectors in Cedar Rapids are in trade, transportation, manufacturing, education and health services. Most of these jobs require commercial or industrial buildings, which makes investing in these types of properties a wise choice.
Discover Your Next Investment Property
Real estate investment property in Cedar Rapids, IA, abounds, but it can be tricky to find exactly what you’re looking for. Let the skilled Top Tier Home Team help you navigate Cedar Rapids’ available investment properties until you find something that catches your eye. Fill out our online form or call us at 319-214-2400 today to begin your search.