The housing market in Cedar Rapids, IA is quite robust, with the median value of homes being $184,900. This is significantly lower than the US House Median Value of $338,100. Although the US House Appreciation rate was 8.27% over the past year, Cedar Rapids' appreciation rate was slightly lower at 6.57%. This suggests that while prices are increasing in Cedar Rapids, they may not be rising as quickly as other areas across the country. Despite this, Cedar Rapids remains an attractive place to buy a home due to its relatively low prices and steady growth in property values.
The median home cost in Cedar Rapids is $184,900. Home appreciation the last 10 years has been 47.0%. Home Appreciation in Cedar Rapids is up 10.5%.
Average Age of Homes
- The median age of Cedar Rapids real estate is 45 years old
The Rental Market in Cedar Rapids
- Renters make up 28.2% of the Cedar Rapids population
- 3.0% of houses and apartments in Cedar Rapids, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.