Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With 41,255 people, 14,566 houses or apartments, and a median cost of homes of $166,568, Cedar Falls real estate and house prices are near the national average for all cities and towns.
Single-family detached homes are the single most common housing type in Cedar Falls, accounting for 60.57% of the city's housing units. Other types of housing that are prevalent in Cedar Falls include large apartment complexes or high rise apartments ( 21.28%), duplexes, homes converted to apartments or other small apartment buildings ( 9.75%), and a few row houses and other attached homes ( 4.36%).
The most prevalent building size and type in Cedar Falls are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 57.50% owning and 42.50% renting.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Cedar Falls's housing was primarily built during this period, from the '40s through the '60s. A full 37.52% of the city's housing hails from this era. Other housing ages represented in Cedar Falls include homes built between 1970-1999 ( 34.74%) and housing constructed between 2000 and later ( 14.27%). There's also some housing in Cedar Falls built before 1939 ( 13.47%).
Appreciation rates for homes in Cedar Falls have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 5.41%, which ranks in the top 40% nationwide. This equates to an annual average Cedar Falls house appreciation rate of 0.53%.
Over the last year, Cedar Falls appreciation rates have trailed the rest of the nation. In the last twelve months, Cedar Falls's appreciation rate has been -1.59%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Cedar Falls were at -3.60%, which equates to an annual appreciation rate of -13.63%.
Notably, Cedar Falls's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Iowa, our data show that Cedar Falls's latest annual appreciation rate is lower than 90% of the other cities and towns in Iowa.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Cedar Falls differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Cedar Falls - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Cedar Falls real estate investment or home purchase decisions.
|$762,001 - $1,016,000||0.3|
|$508,001 - $762,000||2.2|
|$406,001 - $508,000||1.9|
|$305,001 - $406,000||7.3|
|$203,001 - $305,000||20.6|
|$102,001 - $203,000||49.1|
|$51,001 - $102,000||6.4|
|$0 - $51,000||12.1|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Cedar Falls HOMES|
|2000 or Newer||14.3|
|1970 - 1999||34.7|
|1940 - 1969||37.5|
|1939 or Older||13.5|
|TYPE OF Cedar Falls HOMES|
|Small Apt. Buildings||9.8|
|SIZE OF Cedar Falls HOMES|
|5 or more bedrooms||4.43|