DollarTimes
You are Here:
DollarTimes.com > Mortgage > Iowa > Cedar Rapids
Cedar Rapids, Iowa Mortgage and Housing Information
Population: 120,758
Data Source:US Census Bureau. All figures are from year 2000 unless otherwise noted.
Lifestyle in Cedar Rapids
Income
| U.S. | Iowa | Cedar Rapids | |
|---|---|---|---|
| Median Earnings | $27,239 | $25,216 | $26,411 |
| Median Earnings, Males | $32,396 | $30,636 | $28,153 |
| Median Earnings, Females | $22,097 | $20,373 | $23,078 |
Males earn $5,075 (22.0%) more than Females in Cedar Rapids.
Commuting in Cedar Rapids
Means of transportation to work, workers over 16 years old.
| Means of Transport | Number of People |
|---|---|
| Car, solo | 52,409 |
| Carpooled | 6,812 |
| Public Transit | 857 |
| Bicycle | 238 |
| Walking | 1,571 |
| Other Means | 311 |
| Total, Commuted | 62,198 |
| Worked from home | 1,494 |
| Total | 63,692 |
Time Spent Commuting in Cedar Rapids
Time spent commuting in Cedar Rapids
| Time spent in minutes | Number of People |
|---|---|
| Less than 5 | 2,119 |
| 5-9 | 10,744 |
| 10-14 | 17,758 |
| 15-19 | 15,194 |
| 20-24 | 7,492 |
| 25-29 | 1,759 |
| 30-34 | 3,129 |
| 35-39 | 721 |
| 40-44 | 623 |
| 45-59 | 1,150 |
| 60-89 | 751 |
| Over 90 | 758 |
Education
| Level | Number of Males | Percent of Males | Number of Females | Percent of Females |
|---|---|---|---|---|
| Some College | 8,640 | 22.4% | 9,608 | 24.9% |
| Associate Degree | 3,816 | 9.9% | 4,921 | 12.8% |
| Bachelor's Degree | 7,143 | 18.5% | 9,342 | 24.2% |
| Master's Degree | 2,354 | 6.1% | 2,272 | 5.9% |
| Professional Degree | 798 | 2.1% | 220 | 0.6% |
| Doctorate Degree | 276 | 0.7% | 208 | 0.5% |
| Total (at least some college) | 23,027 | 59.7% | 26,571 | 63.6% |
| Total over 25 | 38,557 | 100% | 41,767 | 100% |
Housing in Cedar Rapids
Value of Houses and Condos
| U.S. | Iowa | Cedar Rapids | |
|---|---|---|---|
| Median home value in year 2006 | $185,200 | $112,600 | $116,300 |
Monthly Owner Costs
| U.S. | Iowa | Cedar Rapids | |
|---|---|---|---|
| With a mortgage | $1,402 | $1,063 | $1,108 |
| Without a mortgage | $399 | $372 | $406 |
Tenancy in Cedar Rapids
| Owner-occupied homes | 37,214 |
|---|---|
| Renter-occupied homes | 16,723 |
| Homes for sale | 0 |
| Homes for rent | 0 |
| Total | 53,937 |
Ownership of Houses and Condos
Types of mortgages for owner-occupied Houses and Condos in Cedar Rapids (2006)
| Mortgage Type | Number of Houses and Condos | Percent of total |
|---|---|---|
| Without a mortgage | 11,094 | 29.8% |
| First Mortgage Only | 17,656 | 47.4% |
| Second Mortgage and/or Home Equity Loan | 8,464 | 22.7% |
| Total | 37,214 | 100% |
Age of Cedar Rapids Residents
| Males | Females |
|---|---|
| 33 | 35 |
Mortgage Calculator
What Will Your Monthly Payment Be?
Results
?This will calculate your approximate monthly mortgage payment based on the purchase price and your loan details.
This calculator is for fixed-rate mortgages. Adjustable-rate mortgages, or ARMs, may allow you to acheive lower payments in the short term. However, with ARMs, your monthly payment may increase if interest rates rise.