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Cedar Rapids

Learn about the people, housing, costs and businesses in Cedar Rapids, Iowa

Median Home$190,021
Median Rent$987/month
Population138,663
Leading IndustriesHealthcare · Arts, Food & Hospitality · Professional Services15% healthcare
Home Value Growth⬆⬆+11.9% over 2 years
Young Adults35% of residentswell above average
Homeowners69% of occupied units
NotableAmenity Score75/100 · highly walkable area
NotableHighly Educated29% bachelor's · 12% graduate · top 10% nationally
Cedar Rapids
IA

Frequently Asked Questions

What are today's mortgage rates in Cedar Rapids?

As of today, the 30-year fixed mortgage rate for Cedar Rapids is approximately 6.887% (6.923% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Cedar Rapids?

The median home value in Cedar Rapids is $190k. The median monthly rent is $987. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Cedar Rapids?

Home values in Cedar Rapids have increased 11.9% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Cedar Rapids?

Based on a typical all-in ownership cost of $1,121/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $48k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Cedar Rapids is $71k/year.

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What industries drive the economy in Cedar Rapids?

The largest employment sectors in Cedar Rapids are public administration (19%) and healthcare (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.