Cost of Living,
Iowa City's Real Estate Market
Iowa City Metro Area
Profile: College town Location: Eastern Iowa along I-80 Elevation: 708 Time zone: Central Standard Time
|College-town amenities||Harsh winters|
|Diverse economy||Cost of housing|
|Educated population||Outdoor recreation|
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Once the capital of the state, Iowa City is both home to the University of Iowa and a livable city boasting a diverse cultural environment, attractive downtown, and historic campus buildings. True to college-town form, the area has the highest housing costs in the state and one of the highest levels of educational attainment in the country. The city is well-educated, progressive, active, and has a strong community feel. An assortment of shops, restaurants, and entertainment venues in a lively downtown and Iowa River riverfront setting anchored by a large pedestrian mall.
The economic base, aside from the university, is a mix of agricultural, light manufacturing, high tech and biotech businesses. Good older tree-lined city neighborhoods lie mostly east and south of downtown, with more suburban environments lying northeast and west towards the small town of Coralville. Large retail developments are confined mainly to the I-80 corridor and growth and sprawl issues are modest.
A scenic mix of flat river valleys and wooded undulating hills dominate the landscape. The climate is continental. Summers are warm and humid, punctuated by frequent thunderstorms, although nearby hills may lessen the severity. Winters are cold and variable, although the hills again shelter the area from some northern fronts. That said, below-zero evening temperatures are fairly common, and blizzards do occur. First freeze is mid-October, last is late April.
Interesting Facts about Iowa_City, Iowa
As of 2014, Iowa City's population is 68,364 people. Since 2000, it has had a population growth of 9.05 percent.--------------------
The median home cost in Iowa City is $193,200. Home appreciation the last year has been 3.80 percent.--------------------
Compared to the rest of the country, Iowa City's cost of living is 5.00% Higher than the U.S. average.--------------------
Iowa City public schools spend $11,413 per student. The average school expenditure in the U.S. is $12,435. There are about 16 students per teacher in Iowa City.--------------------
The unemployment rate in Iowa City is 2.30 percent(U.S. avg. is 6.30%). Recent job growth is Positive. Iowa City jobs have Increased by 3.21 percent.
Ranked #19 Most Secure Places to Live 2011 (Small Towns)
Ranked #29 Best Green Cities
Ranked #41 America's Best and Worst Cities for Crime (Smallest Metro Areas)
Ranked #107 America's Most (and Least) Stressful Cities (117 Smallest Metro Areas)
Ranked #191 2005 Best Places to Live
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Average Commute time is 16 minutes. The National Average is 25 minutes.--------------------
Iowa City's Real Estate Market (click to see properties)
• Newly Listed Homes
• Most Expensive Listing
• Million Dollar Houses
• Homes from $750,001 to $1,000,000
• Homes from $500,001 to $750,000
• Homes from $250,000 to $500,000
• Homes under $250,000
• Median Priced Homes