Affordable
Expensive
Expensive
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These days, finding an affordable place to live in the Southwest Area area can be challenging. Home prices in Southwest Area are now at a median cost of $146,635, lower than the Cedar Rapids average of $201,110.
The average cost of rent is $1,056/mo in Southwest Area, primarily driven by the current value of real estate in the Southwest Area area. In Southwest Area, 32.70% of households rent, and 38.36% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Southwest Area is $5,017 per month. Households that rent pay about 21.04% of their income on rent here. Southwest Area’s most expensive areas are in the central regions, while the cheapest areas are in the northern parts of the neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Neighborhoods
- Taylor, Cedar Rapids, IA: higher priced homes
- Cedar Hills, Cedar Rapids, IA: higher priced homes
- Penn, North Liberty, IA: higher priced homes
- Wickham, Coralville, IA: higher priced homes
- Kirkwood, Coralville, IA: higher priced homes
- Mann, Iowa City, IA: higher priced homes
- Weber, Iowa City, IA: higher priced homes
- Roosevelt, Iowa City, IA: higher priced homes
- Longfellow, Iowa City, IA: higher priced homes
- Lucas, Iowa City, IA: higher priced homes
Neighborhoods with Similar Populations
- Arbor Lodge, Portland, OR: higher priced homes
- Belmont, Pueblo, CO: higher priced homes
- Belvidere, Lowell, MA: higher priced homes
- Black Mountain, Henderson, NV: higher priced homes
- Lindenville, South San Francisco, CA: higher priced homes
- Salt Meadow Bay, Virginia Beach, VA: higher priced homes
- Nottingham, Katy, TX: higher priced homes
- North Waltham, Waltham, MA: higher priced homes
- North Hill Historic District, New Castle, PA: less expensive homes
- Natomas Corporate Center, Sacramento, CA: higher priced homes
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