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📍 Cedar Rapids, NE · Zillow ZHVI · July 2026

Average Home Price in
Cedar Rapids, NE

Boone County County

Median Home Value
$119,358
↓ 3.9% year-over-year
vs. National Median
$410,000
Cedar Rapids is 71% below
Est. Monthly Payment
$622/mo
20% down · 6.8% rate
Income Needed
$32K
gross annual (30% rule)
Median Home Value
$119,358
↓ 3.9% year-over-year
Down Payment (20%)$23,872
Monthly P&I$622/mo
With Taxes & Ins.~$790/mo
Income Needed$31,600/yr
Data SourceZillow ZHVI
Market Overview

Home Prices in Cedar Rapids, NE

The median home value in Cedar Rapids, NE is $119,358 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 3.9% compared to a year ago and up 3% from two years prior.

Compared to the U.S. national median of $410,000, homes in Cedar Rapids are priced71% below average.

City Comparison

Cedar Rapids vs. National Median

🏠 Cedar Rapids
$119,358
National Median
$410,000

At $119,358, homes in Cedar Rapids cost 71% 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
$23,872
on $119,358
Monthly P&I
$622/mo
30-yr @ 6.8%
Total Monthly Est.
~$790/mo
incl. taxes & insurance
Income Needed
$31,600
gross annual (30% rule)
10% Down Option
$11,936
+ PMI applies
Loan Amount (20% dn)
$95,486
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, NE?
The median home value in Cedar Rapids is $119,358 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 3.9% year-over-year.
How much have home prices changed in Cedar Rapids?
Over the past year, home values in Cedar Rapids have decreased by 3.9%.
How much do I need to earn to buy a home in Cedar Rapids?
To comfortably afford the median home price of $119,358 with a 20% down payment ($23,872) at today's rates (6.8%), you'd need a gross annual income of approximately $31,600. 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 $119,358, homes in Cedar Rapids are 71% below the national average.