Cedar Rapids Sees Apartment Boom Since 1965
Cedar Rapids experiences a housing surge with 6 000+ new multi dwelling units since 1965 and 1973 811 building permits. Feder Development plans a 400 unit riverfront project after opening a 164 unit complex, while Bjornsen and other condo plans loom. Vacancy stays around five percent as demand keeps rising.
MENTIONED IN THIS ARTICLE
Oakland Garden
Cedar Rapids
Commonwealth
Ron Feder
Feder Development, Inc
Pheasant Run
Verne Phelps
Chamber of Commerce
Chamber
Harold Ewoldt
Feder Development
Feder
Sierra Drive
Cedar River
Ellis Boulevard
Bjornsen
First Avenue
Cottage Grove SE
Ewaldt
Housing Costs Shape Cedar Rapids Rent Trends
Cedar Rapids faces rising housing costs with home prices around 40 000 and mortgages near 359 monthly while new apartments rent about 265 for two beds. Condos sell up to 80000 with monthly maintenance and one bedroom units fetch 225 to 240 and two beds 260 to 350, prompting more renting and longer stays.
MENTIONED IN THIS ARTICLE
Cedar Rapids
Chamber
Ewoldt
Also Mentioned on This Page
Cedar Rapids Gazette
Sun
Tom Fruehling
Horace
Pacific
Fortres
Fiber Industries, Inc
Celanese Corp
Queen Reg
King Reg
Luxenberg
Drapery
Bath Reg
Wanda