Cedar Rapids - IA housing market

The typical home value ($247,058) is the Zillow Home Value Index for the Cedar Rapids - IA metro area: a smoothed, seasonally adjusted estimate of the typical value for middle-tier homes (33rd to 67th percentile) across single-family and condo properties.

Prices are up 3.9% over the past year. In Cedar Rapids - IA, that means a home worth $237,784 last year is now worth roughly $247,058.

The median sale price, what homes actually close for, is $222,810. Homes are selling at 99.1% of list price, meaning buyers have room to negotiate.

Homes listed in Cedar Rapids - IA sit on the market for roughly 7 days before going pending. Shorter = seller's market; longer = buyer's market.

About 20.6% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.

Roughly 400 new listings hit the market each month in Cedar Rapids - IA. There are currently 858 homes for sale, down 20.0% from a year ago.

The typical monthly rent in Cedar Rapids - IA is $1,283, up 13.7% year over year. On the Rent vs Buy Index that is a price-to-rent ratio of 16.0x, toss-up (#121 of 195 metros). The mortgage on a typical home here, 20% down at today's 6.66% 30-year rate, runs about $1,270 a month in principal and interest, $13 less than renting before taxes, insurance and upkeep. The two break even at a 6.76% rate.

What's not on this page

This is market-level data, not property-level. We don't list individual homes for sale. For that, go to Zillow, Redfin, or your local MLS.

Data: Zillow Research (ZHVI and market indicators), refreshed monthly at the source. This page was rebuilt September 2026. Methodology →