Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Cedar Rapids area can be challenging. Home prices in Cedar Rapids are now at a median cost of $182,646, lower than the Iowa average of $182,666.
The average cost of rent is $914/mo in Cedar Rapids, primarily driven by the current value of real estate in the Cedar Rapids area. While nearly 32.47% of residents own their homes outright in Cedar Rapids, 26.22% rent.
Housing affordability isn’t just about home prices, though. The average household income in Cedar Rapids is $6,525 per month. Households that rent pay about 14.01% of their income on rent here. Cedar Rapids's most expensive areas are in the northeastern regions, while the cheapest areas are in the central parts of the city.
Nearby Cities
- Hiawatha, IA: equally priced homes
- Robins, IA: higher priced homes
- Marion, IA: higher priced homes
- Fairfax, IA: higher priced homes
- Bertram, IA: higher priced homes
- Palo, IA: higher priced homes
- Troy Mills, IA: higher priced homes
- Ely, IA: higher priced homes
- Toddville, IA: higher priced homes
- Atkins, IA: higher priced homes
Cities with Similar Populations
- Bellflower, CA: higher priced homes
- Anchorage, AK: higher priced homes
- Bayonne, NJ: higher priced homes
- Atlanta, GA: higher priced homes
- Antioch, CA: higher priced homes
- Athens, GA: higher priced homes
- Apex, NC: higher priced homes
- Apple Valley, CA: higher priced homes
- Arlington, VA: higher priced homes
- Baytown, TX: less expensive homes
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