Cedar Rapids, IA—52401
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Cedar Rapids, IA
As of Oct '25, the median home price in Cedar Rapids, IA is $117,000, with a year-over-year change of 5.6%. This indicates that home prices in Cedar Rapids, IA are increasing. According to Zillow, the 1-year price projection is -0.2%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $117,000 | 5.6% |
| Single Family | $131,000 | 4.8% |
| Condos | $93,000 | 13.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $123,000 | 7.0% |
3 Bed | $141,000 | 6.8% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Cedar Rapids, IA
As of July '25, Rentcast reports the average rent in Cedar Rapids, IA is $1,140, with a year-over-year rent change of -3.4%. Per bedroom, the median rent as of July '25 in Cedar Rapids, IA is 1-bedrooms: $1,150, 2-bedrooms: $1,110. The most common rental property sizes in Cedar Rapids, IA are 1-bedroom and 2-bedroom, accounting for 44.3% and 27.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,100 | $1,140 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,100 | $1,150 |
| 2 Bed Rent | $1,050 | $1,110 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Cedar Rapids, IA
As of Oct '25, Realtor.com reports that the median days on market for a home in Cedar Rapids, IA is 46. This is a decrease of -33.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $111,000 | -2.0% |
Listing Count | 10 | -37.0% |
| Listings as % of Homes | 0.9% | -37.0% |
Days on Market | 46 | -33.0% |
Demographics — Cedar Rapids, IA
As of the latest ACS Survey released in 2023, Cedar Rapids, IA has a population of 2,190, which has increased by 1.1% over the past 5 years. Cedar Rapids, IA is a less popular place for families, as children make up 4.3% of the population. The area has a moderately educated workforce, with 35.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,190 | 1.1% |
% Under 18 | 4.3% | -78.4% |
% Seniors | 10.4% | -6.3% |
% WFH | 8.0% | 86.0% |
% w/ College Degree | 35.0% | 42.9% |
As of the latest ACS Survey released in 2023, Cedar Rapids, IA is a predominantly white area, with 66.4% of the population identifying as white. The white population has grown by 3.8% in the last 5 years. The second most common race or ethnicity in Cedar Rapids, IA is black, making up 19.3% of the population. Foreign-born residents account for 11.8% of the population in Cedar Rapids, IA, and this percentage has increased by 100.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 66.4% | 3.8% |
% Black | 19.3% | -12.3% |
% Hispanic | 7.2% | 200.0% |
% Asian | 2.9% | 26.1% |
% Foreign Born | 11.8% | 100.0% |
Mortgage and Risk — Cedar Rapids, IA
According to HUD data as of 2023, there were 37 mortgage originations in Cedar Rapids, IA, of which 97.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 22.0% above 90% LTV (very high). This implies large mortgage risk in Cedar Rapids, IA. Investor activity is low, as 5.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 37 |
% Conventional Loans | 97.0% |
% Government Loans | 3.0% |
% Investor Loans | 5.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Cedar Rapids, IA
Cedar Rapids, IA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 387 |
Total Units Section 8 | 386 |
% Rentals under Section 8 | 32.2% |
% Occupied Section 8 | 80.3% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$400 | $1,100 | $700 |
| 2 Bedroom | -$130 | $1,050 | $920 |
| 3 Bedroom | N/A | N/A | $1,290 |
| 4 Bedroom | N/A | N/A | $1,540 |
Affordability — Cedar Rapids, IA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.6 |
| Median Home Price | $117,000 |
| Median Household Income | $40,700 |