Cedar Rapids, IA housing market
The typical Cedar Rapids home is worth about $212,000, up 2.3% in a year, 11% below the Iowa typical home. Homes typically sell in 15 days, close to asking.
Home values, sales, trends and how Cedar Rapids compares with the towns next door — updated as new data is published.
Cedar Rapids at a glance
A strong seller's market
Homes are selling faster than new ones are listed: less than two months of supply. Well-priced homes can draw several offers.
Typical home value, 2016–2026
Show as a table
| January | Cedar Rapids | Iowa |
|---|---|---|
| 2017 | $136,000 | $147,000 |
| 2018 | $142,000 | $152,000 |
| 2019 | $148,000 | $159,000 |
| 2020 | $154,000 | $167,000 |
| 2021 | $161,000 | $179,000 |
| 2022 | $176,000 | $195,000 |
| 2023 | $188,000 | $211,000 |
| 2024 | $196,000 | $218,000 |
| 2025 | $203,000 | $228,000 |
| 2026 | $210,000 | $236,000 |
| August 2026 | $212,000 | $240,000 |
511 new homes permitted in 2025
Builders were permitted 511 new homes in Cedar Rapids in 2025: 126 single-family houses and 385 in buildings with two or more homes, worth about $98.8 million to build. That's 3.7 per 1,000 residents, slower than across Iowa (4.7). Over the past 10 years, Cedar Rapids has permitted 4,290 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Cedar Rapids gained 11,384 residents while 4,187 new homes were permitted: about 2.7 new residents per new home. Building and growth moved roughly in step. Across Iowa: 1.3 new residents per new home.
How Cedar Rapids ranks on housing keeping up with growth →
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 329 | 57 | 272 | $56.1 million |
| 2025 | 511 | 126 | 385 | $98.8 million |
| 2024 | 608 | 143 | 465 | $99.9 million |
| 2023 | 374 | 145 | 229 | $60.9 million |
| 2022 | 354 | 129 | 225 | $72.7 million |
| 2021 | 438 | 158 | 280 | $68.8 million |
| 2020 | 236 | 130 | 106 | $39.9 million |
| 2019 | 370 | 173 | 197 | $52.8 million |
| 2018 | 472 | 147 | 325 | $44.7 million |
| 2017 | 532 | 219 | 313 | $60 million |
| 2016 | 395 | 268 | 127 | $37.7 million |
| 2015 | 354 | 285 | 69 | $33.1 million |
| 2014 | 449 | 325 | 124 | $45.1 million |
| 2013 | 487 | 242 | 245 | $47.2 million |
| 2012 | 361 | 289 | 72 | $32.4 million |
| 2011 | 326 | 249 | 77 | $27.9 million |
| 2010 | 441 | 342 | 99 | $36.2 million |
| 2009 | 725 | 323 | 402 | $59.6 million |
| 2008 | 459 | 299 | 160 | $40.8 million |
| 2007 | 534 | 298 | 236 | $47 million |
| 2006 | 489 | 356 | 133 | $47.6 million |
| 2005 | 741 | 351 | 390 | $61.4 million |
| 2004 | 1,145 | 383 | 762 | $69.9 million |
| 2003 | 695 | 379 | 316 | $50 million |
| 2002 | 629 | 380 | 249 | $49.4 million |
| 2001 | 833 | 363 | 470 | $59.9 million |
| 2000 | 965 | 349 | 616 | $65.4 million |
How Cedar Rapids ranks on new homes being built →
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
Cedar Rapids and its neighbors
3 years of income
The typical Cedar Rapids home costs about 3 years of the town's median household income, about the same as across Iowa (3.2).
How Cedar Rapids ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,110
HUD's Fair Market Rent for a two-bedroom in Cedar Rapids is $1,110 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Cedar Rapids pay a median of $967, so moving in tends to cost more than staying put. A two-bedroom takes about 19% of the town's median household income.
Studio $760 · 4 bedrooms $1,870
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (52228, 52402, 52403, 52404, 52405, 52411; Cedar Rapids, IA HUD Metro FMR Area), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.