By Jeff Adolph
State-by-state
Iowa is situated in the Midwestern region of the United States and is classed as the 30th largest state by population with 2,926,324 residents.
The economy of this state relies heavily on agriculture, industry and primary metal mining and the region has a 5% sales tax. Income tax brackets range from 0.36% to 8.98% and fall in nine increments, while property tax is assessed on taxable value of real property, and is separated into five classes.
Cedar Rapids
This area currently has more buyers than sellers, and homes are typically sitting on the market for 30-60 days with the market trend increasing. There is a good supply of homes in all price ranges in this region and home prices are hovering around the $150,000 mark.
Compared to last years figures prices of homes in Cedar Rapids are up by 5% and first time buyers and population growth are main factors of real estate activity in this region.
Des Moines
The median home price in this area hovers around the $175,000 mark and prices remain consistent, with no increase or decrease in last year's figures. Buyers are typically getting 95-100% of their asking price and homes are on the market for 60-90 days.
Repeat buyers are representing the area of greatest activity and there are currently more sellers than buyers in the market place.
LGBT Real Estate Facts: There are some 3,698 same-sex couples residing in this state, making it the 36th gayest state in the U.S.A. The gayest zip codes in this area are 52240 and 52245 Iowa City; 50315, 50310, and 50311 Des Moines; 52803 Davenport; and 52402 and 52403 Cedar Rapids. -- gaydemographics.com
Main Story Source: House Hunt (2008) Real Estate Market Trends; available online at http://www.househunt.com
Picture Source: jithy.com and growabrain.typepad.com
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