Cedar Rapids, IA—52403
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 $201,000, with a year-over-year change of 2.4%. This indicates that home prices in Cedar Rapids, IA are increasing. According to Zillow, the 1-year price projection is 0.3%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $201,000 | 2.4% |
| Single Family | $208,000 | 3.0% |
| Condos | $136,000 | -7.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $120,000 | 3.4% |
2 Bed | $145,000 | 2.1% |
3 Bed | $202,000 | 3.6% |
4 Bed | $294,000 | 2.8% |
| 5 Bed | $443,000 | 3.7% |
% of Housing Stock
Rental Trends — Cedar Rapids, IA
As of July '25, Rentcast reports the average rent in Cedar Rapids, IA is $1,020, with a year-over-year rent change of 6.0%. Per bedroom, the median rent as of July '25 in Cedar Rapids, IA is studios: $780, 1-bedrooms: $708, 2-bedrooms: $1,020, 3-bedrooms: $1,390, 4-bedrooms: $2,020. The most common rental property sizes in Cedar Rapids, IA are 2-bedroom and 1-bedroom, accounting for 41.4% and 37.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $799 | $1,020 |
| Studio Rent | $780 | $780 |
| 1 Bed Rent | $650 | $708 |
| 2 Bed Rent | $900 | $1,020 |
| 3 Bed Rent | $1,400 | $1,390 |
| 4 Bed Rent | $1,800 | $2,020 |
% 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 45. This is a increase of 14.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 24.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $200,000 | 9.0% |
Listing Count | 149 | 12.0% |
| Listings as % of Homes | 1.1% | 12.0% |
Days on Market | 45 | 14.0% |
Demographics — Cedar Rapids, IA
As of the latest ACS Survey released in 2023, Cedar Rapids, IA has a population of 23,000, which has remained stable by 0.2% over the past 5 years. Cedar Rapids, IA is a moderately popular place for families, as children make up 21.2% of the population. The area has a moderately educated workforce, with 40.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 23,000 | 0.2% |
% Under 18 | 21.2% | 1.4% |
% Seniors | 23.7% | 28.1% |
% WFH | 16.0% | 566.7% |
% w/ College Degree | 40.5% | 18.4% |
As of the latest ACS Survey released in 2023, Cedar Rapids, IA is a predominantly white area, with 84.5% of the population identifying as white. The white population has grown by 0.6% in the last 5 years. The second most common race or ethnicity in Cedar Rapids, IA is black, making up 6.8% of the population. Foreign-born residents account for 2.8% of the population in Cedar Rapids, IA, and this percentage has decreased by 6.7% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 84.5% | 0.6% |
% Black | 6.8% | -1.4% |
% Hispanic | 3.3% | -8.3% |
% Asian | 0.4% | -76.5% |
% Foreign Born | 2.8% | -6.7% |
Mortgage and Risk — Cedar Rapids, IA
According to HUD data as of 2023, there were 531 mortgage originations in Cedar Rapids, IA, of which 87.0% 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 | 531 |
% Conventional Loans | 87.0% |
% Government Loans | 13.0% |
% Investor Loans | 5.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Cedar Rapids, IA
As of 2024, the percent of homes in Cedar Rapids, IA under the Section 8 program is 12.3%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Cedar Rapids, IA, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 344 |
Total Units Section 8 | 292 |
% Rentals under Section 8 | 12.3% |
% Occupied Section 8 | 79.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $100 | $650 | $750 |
| 2 Bedroom | $90 | $900 | $990 |
| 3 Bedroom | -$10 | $1,400 | $1,390 |
| 4 Bedroom | -$140 | $1,800 | $1,660 |
Affordability — Cedar Rapids, IA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.5 |
| Median Home Price | $201,000 |
| Median Household Income | $73,800 |