Cedar Rapids, NE housing market
The typical Cedar Rapids home is worth about $121,000, down 2.4% in a year, 57% below the Nebraska typical home.
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
Typical home value, 2022–2026
Show as a table
| January | Cedar Rapids | Nebraska |
|---|---|---|
| 2023 | $120,000 | $248,000 |
| 2024 | $120,000 | $259,000 |
| 2025 | $124,000 | $270,000 |
| 2026 | $119,000 | $278,000 |
| August 2026 | $121,000 | $281,000 |
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024 · figures for a place this size carry wide margins of error.
A two-bedroom rents for about $960
HUD's Fair Market Rent for a two-bedroom in Cedar Rapids is $960 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Cedar Rapids pay a median of $768, so moving in tends to cost more than staying put.
Studio $670 · 4 bedrooms $1,280
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (68627; Boone County, NE), 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.
Recent listings in Cedar Rapids
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.