Market Overview
Home Prices in Cedar Rapids, IA
The median home value in Cedar Rapids, IA is $215,210 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2.4% compared to a year ago and up 2.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Cedar Rapids are priced48% below average. Cedar Rapids is part of the Cedar Rapids, IA metro area.
Over the past five years, Cedar Rapids home values have risen by approximately24.4%, reflecting strong long-term appreciation in this market.
Price History
Cedar Rapids Home Price Trend
City Comparison
Cedar Rapids vs. National Median
At $215,210, homes in Cedar Rapids cost 48% below the national median of $410,000. This makes Cedar Rapids a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Cedar Rapids?
20% Down Payment
$43,042
on $215,210
Monthly P&I
$1,122/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,425/mo
incl. taxes & insurance
Income Needed
$57,000
gross annual (30% rule)
10% Down Option
$21,521
+ PMI applies
Loan Amount (20% dn)
$172,168
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Cedar Rapids, IA?
The median home value in Cedar Rapids is $215,210 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2.4% year-over-year.
How much have home prices changed in Cedar Rapids?
Over the past year, home values in Cedar Rapids have increased by 2.4%. Over five years, prices have risen approximately 24.4%.
How much do I need to earn to buy a home in Cedar Rapids?
To comfortably afford the median home price of $215,210 with a 20% down payment ($43,042) at today's rates (6.8%), you'd need a gross annual income of approximately $57,000. This assumes keeping total housing costs at or below 30% of gross income.
How does Cedar Rapids compare to the national average home price?
The national median home value is approximately $410,000. At $215,210, homes in Cedar Rapids are 48% below the national average.
What metro area is Cedar Rapids part of?
Cedar Rapids is part of the Cedar Rapids, IA metropolitan area. Home prices and market conditions can vary across the broader metro region.