Cedar Rapids housing market
Typical home value
$247K
▲ 3.9% 1 yr
Typical rent
$1,226/mo
▲ 14.0% 1 yr
12-month forecast
+4.8%
#20 of 546 metros
Gross rent yield
6.0%
#272 of 546 · U.S. 6.3%
Days to pending
31 days
▼ −7 days 1 yr
Listings with a price cut
25%
▼ −3.8 pts 1 yr
Key takeaways
- 1The typical home is worth $246,602, up 3.9% in a year and up 25% over five years.
- 2Zillow forecasts home values rising 4.8% over the next 12 months (U.S.: +1.1%).
- 3Typical rent is $1,226/mo (+14.0% YoY), a 6.0% gross yield, below the U.S. 6.3%.
- 4At 7.32% with 20% down, the typical home costs $1,355/mo in principal and interest, $129 more than renting.
- 5Homes go under contract in 31 days (−7 days vs last year); 25% of listings have had a price cut.
Market temperature
Strong seller's market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 71/100, #2 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.
Home values and rent
How fast homes are selling
For saleNew listings
Affordability
To buy (20% down)To rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Cedar Rapids compares
| Measure | Cedar Rapids | United States | Rank of 546 |
|---|---|---|---|
| Home value, 1-yr change | +3.9% | +1.2% | #130 |
| Home value, 5-yr change | +24.6% | +19.7% | |
| 12-month forecast | +4.8% | +1.1% | #20 |
| Rent, 1-yr change | +14.0% | +2.7% | #5 |
| Gross rent yield | 6.0% | 6.3% | #272 |
| Price-to-rent ratio | 16.8 | 15.8 | |
| Mortgage P&I on typical home | $1,355 | $2,012 | |
| Income needed to buy | $74,472 | $100,902 | |
| Days to pending | 31 | 56 |
Cities in the Cedar Rapids metro
2 cities with home value and rent data.
| Cedar Rapids | $216K | ▲ 2.2% | $1,274 | ▲ 14.7% | 7.1% |
| Marion | $280K | ▲ 4.2% | $1,287 | ▲ 12.8% | 5.5% |
Run the numbers
Rental property calculator
Cash flow on a typical Cedar Rapids rental ($247K, $1,226/mo), pre-filled.
Mortgage calculator
Monthly payment on a typical Cedar Rapids home.
Rent vs buy
Is it cheaper to rent or buy in Cedar Rapids?
Other Iowa metros
Des Moines, IA
$293K home$1,280 rent5.3% yield
▲ 0.5% 1 yr
Iowa City, IA
$300K home$1,757 rent7.0% yield
▲ 3.0% 1 yr
Waterloo, IA
$198K home$1,023 rent6.2% yield
▲ 0.9% 1 yr
Sioux City, IA
$224K home$1,295 rent6.9% yield
▲ 3.4% 1 yr
Ames, IA
$277K home$1,162 rent5.0% yield
▲ 2.6% 1 yr
Dubuque, IA
$277K home$1,063 rent4.6% yield
▲ 4.3% 1 yr
Gross yield = 12 × typical rent ÷ typical home value, before expenses. Mortgage estimate: 20% down, 30-year fixed at the current Freddie Mac average, principal and interest only. Forecast: Zillow Home Value Forecast. Data refreshed Oct 26, 2026.