Cedar Rapids, IA—52405
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 $203,000, with a year-over-year change of 4.7%. This indicates that home prices in Cedar Rapids, IA are increasing. According to Zillow, the 1-year price projection is 0.5%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $203,000 | 4.7% |
| Single Family | $204,000 | 5.2% |
| Condos | $151,000 | 4.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $120,000 | 5.3% |
2 Bed | $156,000 | 6.1% |
3 Bed | $204,000 | 5.2% |
4 Bed | $255,000 | 3.7% |
| 5 Bed | $324,000 | 2.9% |
% of Housing Stock
Rental Trends — Cedar Rapids, IA
As of July '25, Rentcast reports the average rent in Cedar Rapids, IA is $1,100, with a year-over-year rent change of -0.9%. Per bedroom, the median rent as of July '25 in Cedar Rapids, IA is studios: $675, 1-bedrooms: $862, 2-bedrooms: $1,010, 3-bedrooms: $1,400, 4-bedrooms: $1,840. The most common rental property sizes in Cedar Rapids, IA are 2-bedroom and 3-bedroom, accounting for 49.0% and 23.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,020 | $1,100 |
| Studio Rent | $675 | $675 |
| 1 Bed Rent | $695 | $862 |
| 2 Bed Rent | $925 | $1,010 |
| 3 Bed Rent | $1,380 | $1,400 |
| 4 Bed Rent | $1,580 | $1,840 |
% 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 40. This is a increase of 35.0% 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 25.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $244,000 | 6.0% |
Listing Count | 79 | -2.0% |
| Listings as % of Homes | 0.5% | -2.0% |
Days on Market | 40 | 35.0% |
Demographics — Cedar Rapids, IA
As of the latest ACS Survey released in 2023, Cedar Rapids, IA has a population of 25,900, which has increased by 1.6% over the past 5 years. Cedar Rapids, IA is a moderately popular place for families, as children make up 20.5% of the population. The area has a poorly educated workforce, with 24.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 25,900 | 1.6% |
% Under 18 | 20.5% | -3.8% |
% Seniors | 19.0% | 15.2% |
% WFH | 10.8% | 300.0% |
% w/ College Degree | 24.6% | -11.5% |
As of the latest ACS Survey released in 2023, Cedar Rapids, IA is a predominantly white area, with 78.8% of the population identifying as white. The white population has shrunk by 8.4% in the last 5 years. The second most common race or ethnicity in Cedar Rapids, IA is black, making up 9.1% of the population. Foreign-born residents account for 6.0% of the population in Cedar Rapids, IA, and this percentage has increased by 30.4% 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 | 78.8% | -8.4% |
% Black | 9.1% | 56.9% |
% Hispanic | 4.6% | 27.8% |
% Asian | 2.3% | 43.8% |
% Foreign Born | 6.0% | 30.4% |
Mortgage and Risk — Cedar Rapids, IA
According to HUD data as of 2023, there were 626 mortgage originations in Cedar Rapids, IA, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 24.0% above 90% LTV (very high). This implies large mortgage risk in Cedar Rapids, IA. Investor activity is low, as 6.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 626 |
% Conventional Loans | 88.0% |
% Government Loans | 12.0% |
% Investor Loans | 6.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 10.0% |
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 12.6%. 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. In Cedar Rapids, IA, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 380 |
Total Units Section 8 | 370 |
% Rentals under Section 8 | 12.6% |
% Occupied Section 8 | 83.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $175 | $695 | $870 |
| 2 Bedroom | $215 | $925 | $1,140 |
| 3 Bedroom | $220 | $1,380 | $1,600 |
| 4 Bedroom | $330 | $1,580 | $1,910 |
Affordability — Cedar Rapids, IA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.8 |
| Median Home Price | $203,000 |
| Median Household Income | $65,400 |