The median value of housing in 52401 Cedar Rapids, IA is $117,500 which is significantly lower than the US house median value of $338,100. While the US house appreciation rate over the last year was 8.27%, Cedar Rapids only saw a 6.57% increase in housing values due to various local economic factors. This may be an attractive option for those looking to purchase housing at a cheaper price and still take advantage of the appreciating market.
The median home cost in Cedar Rapids (zip 52401) is $117,500. Home appreciation the last 10 years has been 47.0%. Home Appreciation in Cedar Rapids (zip 52401) is up 10.5%.
Average Age of Homes
- The median age of Cedar Rapids (zip 52401) real estate is 44 years old
The Rental Market in Cedar Rapids (zip 52401)
- Renters make up 72.2% of the Cedar Rapids (zip 52401) population
- 4.5% of houses and apartments in Cedar Rapids (zip 52401), 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.