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Housing cost burden and student housing impact in Iowa City
Four students sharing rentals can outbid a family in Iowa City as mortgage and rental prices rise. The Iowa City market shows a $202,950 median home price in November, highest in the state, while Johnson County records the top housing-cost burden rate at 34.7 percent. The UniverCity Neighborhood Partnership funds repairs and sells below market value to income qualifying buyers, with a 20 year owner occupancy deed restriction and a $50,000 second mortgage forgiven after five years. New zoning limits single family rentals near downtown while demand for boutique student housing grows, signaling steps but slow progress toward affordability.
MENTIONED IN THIS ARTICLE
Jerry Anthony
US School of Urban and Regional Development
Iowa City
Story County
Iowa State University
Iowa
Ames
Central Iowa Board of Realtors
Anthony
Knights
Jen Knights
Iowa Brain Injury Alliance
The
Chicago
Englert
Jen
Gilbert Street
UniverCity Neighborhood Partnership
Lucy Joseph
David Powers
Powers
University
Town City
Town