Cedar Rapids, IA—52411
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 $441,000, with a year-over-year change of 3.8%. This indicates that home prices in Cedar Rapids, IA are increasing. According to Zillow, the 1-year price projection is 0.7%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $441,000 | 3.8% |
| Single Family | $444,000 | 4.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $385,000 | 4.9% |
3 Bed | $387,000 | 3.5% |
4 Bed | $448,000 | 3.7% |
| 5 Bed | $552,000 | 2.8% |
% of Housing Stock
Rental Trends — Cedar Rapids, IA
As of July '25, Rentcast reports the average rent in Cedar Rapids, IA is $1,490, with a year-over-year rent change of -0.7%. Per bedroom, the median rent as of July '25 in Cedar Rapids, IA is 2-bedrooms: $1,430, 3-bedrooms: $1,680. The most common rental property sizes in Cedar Rapids, IA are 3-bedroom and 4-bedroom, accounting for 55.9% and 44.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,580 | $1,490 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,580 | $1,430 |
| 3 Bed Rent | $1,680 | $1,680 |
| 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 52. This is a increase of 69.0% 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 20.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $582,000 | 10.0% |
Listing Count | 41 | 35.0% |
| Listings as % of Homes | 0.9% | 35.0% |
Days on Market | 52 | 69.0% |
Demographics — Cedar Rapids, IA
As of the latest ACS Survey released in 2023, Cedar Rapids, IA has a population of 8,360, which has increased by 2.6% over the past 5 years. Cedar Rapids, IA is a moderately popular place for families, as children make up 22.5% of the population. The area has a highly educated workforce, with 59.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 24.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 8,360 | 2.6% |
% Under 18 | 22.5% | -17.3% |
% Seniors | 15.6% | 18.2% |
% WFH | 24.1% | 447.7% |
% w/ College Degree | 59.4% | 3.3% |
As of the latest ACS Survey released in 2023, Cedar Rapids, IA is a predominantly white area, with 89.4% of the population identifying as white. The white population has shrunk by 2.5% in the last 5 years. The second most common race or ethnicity in Cedar Rapids, IA is asian, making up 3.0% of the population. Foreign-born residents account for 5.6% 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 | 89.4% | -2.5% |
% Black | 2.4% | 118.2% |
% Hispanic | 2.7% | 92.9% |
% Asian | 3.0% | 0.0% |
% Foreign Born | 5.6% | 100.0% |
Mortgage and Risk — Cedar Rapids, IA
According to HUD data as of 2023, there were 150 mortgage originations in Cedar Rapids, IA, of which 93.0% of loans were conventional mortgages. The average loan-to-value was 54.0%, with 11.0% above 90% LTV (elevated). This implies medium mortgage risk in Cedar Rapids, IA. Investor activity is low, as 0.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 150 |
% Conventional Loans | 93.0% |
% Government Loans | 7.0% |
% Investor Loans | 0.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 9.0% |
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 | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $800 |
| 2 Bedroom | -$530 | $1,580 | $1,050 |
| 3 Bedroom | -$210 | $1,680 | $1,470 |
| 4 Bedroom | N/A | N/A | $1,760 |
Affordability — Cedar Rapids, IA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.5 |
| Median Home Price | $441,000 |
| Median Household Income | $165,000 |