Cedar Rapids Metro Area, IA Housing

The housing market in the Cedar Rapids, IA Metro Area is thriving. The median value of a house in the area is $205,700, which is significantly lower than the national median of $338,100. Furthermore, house appreciation has increased by 9.32% in the past year, slightly higher than the national increase of 8.27%. This means that homeowners and potential buyers should find it relatively easy to find houses that fit their budget and needs in Cedar Rapids.

The median home cost in Cedar Rapids Metro Area is $205,700. Home appreciation the last 10 years has been 49.9%. Home Appreciation in Cedar Rapids Metro Area is up 11.4%.

Average Age of Homes

- The median age of Cedar Rapids Metro Area real estate is 43 years old

The Rental Market in Cedar Rapids Metro Area

- Renters make up 23.7% of the Cedar Rapids Metro Area population
- 2.2% of houses and apartments in Cedar Rapids Metro Area, 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Cedar Rapids, Iowa	United States
	120,361.0	139,647,020.0
	47	42
	$205,700	$338,100
	11.4%	16.6%
	35.6%	57.0%
	49.9%	101.1%
	$17.19	$10.98
	$2,859	$2,690
	70.3%	57.4%
	7.2%	11.2%
	22.5%	31.4%
Vacant Housing
	2.2%	1.9%
	0.6%	0.4%
	0.8%	0.7%
	0.4%	0.4%
	0.7%	3.6%
	2.6%	4.1%
Value of Owner-Occupied Housing
	2.8%	2.6%
	2.0%	2.4%
	2.4%	2.8%
	3.6%	3.9%
	6.3%	4.5%
	25.5%	11.3%
	19.2%	13.0%
	22.6%	20.1%
	8.4%	13.6%
	3.7%	8.3%
	2.2%	9.7%
	0.8%	3.9%
	0.4%	2.2%
	0.0%	0.8%
	0.1%	1.1%
Housing Units by Year Structure Built
	0.1%	0.2%
	13.7%	13.6%
	13.7%	13.6%
	12.7%	13.6%
	7.2%	13.2%
	13.8%	14.8%
	12.7%	13.6%
	10.4%	10.0%
	3.5%	4.7%
	18.0%	12.2%

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