Cedar Rapids, Iowa Real Estate Market Analysis

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Cedar Rapids, Iowa

12 ZIPs in this city:52401 52402 52403 52404 52405 52406 52408 52409 52410 52411 52498 52499

Market Hotness

Hotness Rank

Hotness Score

Supply Score

Demand Score

DOM vs US

-10.4%

Faster

Price vs US

80%

Below avg

Median Listing Price

$297K

Population

145,496

Households

62,674

Median Days on Market

Active Listings

218

New Listings

196

Housing Market

Pricing

Median Listing Price

$297K+12.1% YoY

Average Listing Price

$347K+16.7% YoY

Price per Sq Ft

$157.868+11.2% YoY

Median Sq Ft

1,818+8.1% YoY

Inventory

Active Listings

218-46.3% YoY

New Listings

196-10.9% YoY

Total Listings

586-13.8% YoY

Buyer Competition

Pending Listings

375+29.8% YoY

Pending Ratio

1.72+141.7% YoY

Median Days on Market

47+11.3% YoY

Price Reduced

12.1%-34.3% YoY

Units & Occupancy

2024 Occupancy

103Kunits

Occupied95,60092.7%
Vacant7,5047.3%

2024 Tenure

96Koccupied

Owner70,27473.5%
Renter25,32626.5%

Renter Share

26.5%-0.7% YoY

Total Housing Units

103,104+1.1% YoY

FY2026 Fair Market Rent — Linn County

HUD government estimate (40th percentile) — not actual market asking rent.

Studio

$738

/month

1 BR

$816

/month

2 BR

$1,071

/month

3 BR

$1,490

/month

4 BR

$1,797

/month

FMR Trends — Linn County

Source: HUD Fair Market Rents

ZIP Profile

U.S. Census ACS characteristics rolled up across the ZIP Code Tabulation Areas in this area, not the parent county.

Population & Age

Total Population

145,496+0.3% YoY

2024 Age Mix

145Kresidents

Under 1830,03720.6%
Adults 18–6490,21262.0%
65 & Over25,24717.4%

Age Composition Over Time2019–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Median Age

38.45+0.6% YoY

Population Under 18

30,037-3.2% YoY

Population 65 & Over

25,247+3.3% YoY

Households & Mobility

Total Households

62,674+0.7% YoY

Household Types

--Not reported for this area (ACS).

Avg Household Size

2.27-0.5% YoY

2024 Residential Mobility

of residents

Same house86.0%
Moved (within US)13.5%
Other0.5%

Veterans

7.8%-1.2% YoY

Income & Poverty

Median Household Income

$73K+2.2% YoY

Per-Capita Income

$43K+3.6% YoY

Mean Household Income

$99K+3.1% YoY

Below Poverty Level

10.5%-8.0% YoY

Commuting

2024 Commute Mode

of workers

Drove alone76.2%
Public transit0.8%
Worked from home13.5%
Other9.6%

Worked From Home

13.5%+3.5% YoY

Mean Commute

18.58+2.1% YoY

Units & Tenure

Total Housing Units

67,965+1.1% YoY

2024 Occupancy

68Kunits

Occupied62,67492.2%
Vacant5,2917.8%

2024 Tenure

63Khouseholds

Owner43,80369.9%
Renter18,87130.1%

Avg Household Size — Owner

2.39+0.9% YoY

Avg Household Size — Renter

1.99-4.0% YoY

County Demographics

Median Age

39.02024

Population

Linn County Population

231,762+1.0% YoY

Households

Total Households

95,600+0.6% YoY

Household Types

--Not reported for this area (ACS).

Avg Household Size

2.35-0.4% YoY

Age

2024 Age Mix

230Kresidents

Under 1851,85722.5%
Adults 18–64138,34560.1%
65 & Over39,80217.3%

Age Composition Over Time2017–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Population Under 18

51,857-0.7% YoY

Population 65 & Over

39,802+2.8% YoY

Median Age

39.00+1.3% YoY

Mobility & Veterans

2024 Residential Mobility

of residents

Same house87.8%
Moved (within US)11.8%
Other0.4%

Veterans

7.4%-1.3% YoY

County Economy

Income

Median Household Income

$78K+1.6% YoY

Per-Capita Income

$44K+3.1% YoY

Mean Household Income

$104K+2.7% YoY

Poverty

Below Poverty Level

9.4%-5.1% YoY

Transportation to Work

2024 Commute Mode

of workers

Drove alone75.6%
Public transit0.6%
Worked from home14.7%
Other9.1%

Worked From Home

14.7%+7.3% YoY

Mean Commute

19.30+1.0% YoY

Cedar Rapids, Iowa

12 ZIPs in this city:52401 52402 52403 52404 52405 52406 52408 52409 52410 52411 52498 52499

Market Hotness

Hotness Rank

Hotness Score

Supply Score

Demand Score

DOM vs US

-10.4%

Faster

Price vs US

80%

Below avg

Median Listing Price

$297K

Population

145,496

Households

62,674

Median Days on Market

Active Listings

218

New Listings

196

Housing Market

Pricing

Median Listing Price

$297K+12.1% YoY

Average Listing Price

$347K+16.7% YoY

Price per Sq Ft

$157.868+11.2% YoY

Median Sq Ft

1,818+8.1% YoY

Inventory

Active Listings

218-46.3% YoY

New Listings

196-10.9% YoY

Total Listings

586-13.8% YoY

Buyer Competition

Pending Listings

375+29.8% YoY

Pending Ratio

1.72+141.7% YoY

Median Days on Market

47+11.3% YoY

Price Reduced

12.1%-34.3% YoY

Units & Occupancy

2024 Occupancy

103Kunits

Occupied95,60092.7%
Vacant7,5047.3%

2024 Tenure

96Koccupied

Owner70,27473.5%
Renter25,32626.5%

Renter Share

26.5%-0.7% YoY

Total Housing Units

103,104+1.1% YoY

FY2026 Fair Market Rent — Linn County

HUD government estimate (40th percentile) — not actual market asking rent.

Studio

$738

/month

1 BR

$816

/month

2 BR

$1,071

/month

3 BR

$1,490

/month

4 BR

$1,797

/month

FMR Trends — Linn County

Source: HUD Fair Market Rents

ZIP Profile

U.S. Census ACS characteristics rolled up across the ZIP Code Tabulation Areas in this area, not the parent county.

Population & Age

Total Population

145,496+0.3% YoY

2024 Age Mix

145Kresidents

Under 1830,03720.6%
Adults 18–6490,21262.0%
65 & Over25,24717.4%

Age Composition Over Time2019–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Median Age

38.45+0.6% YoY

Population Under 18

30,037-3.2% YoY

Population 65 & Over

25,247+3.3% YoY

Households & Mobility

Total Households

62,674+0.7% YoY

Household Types

--Not reported for this area (ACS).

Avg Household Size

2.27-0.5% YoY

2024 Residential Mobility

of residents

Same house86.0%
Moved (within US)13.5%
Other0.5%

Veterans

7.8%-1.2% YoY

Income & Poverty

Median Household Income

$73K+2.2% YoY

Per-Capita Income

$43K+3.6% YoY

Mean Household Income

$99K+3.1% YoY

Below Poverty Level

10.5%-8.0% YoY

Commuting

2024 Commute Mode

of workers

Drove alone76.2%
Public transit0.8%
Worked from home13.5%
Other9.6%

Worked From Home

13.5%+3.5% YoY

Mean Commute

18.58+2.1% YoY

Units & Tenure

Total Housing Units

67,965+1.1% YoY

2024 Occupancy

68Kunits

Occupied62,67492.2%
Vacant5,2917.8%

2024 Tenure

63Khouseholds

Owner43,80369.9%
Renter18,87130.1%

Avg Household Size — Owner

2.39+0.9% YoY

Avg Household Size — Renter

1.99-4.0% YoY

County Demographics

Median Age

39.02024

Population

Linn County Population

231,762+1.0% YoY

Households

Total Households

95,600+0.6% YoY

Household Types

--Not reported for this area (ACS).

Avg Household Size

2.35-0.4% YoY

Age

2024 Age Mix

230Kresidents

Under 1851,85722.5%
Adults 18–64138,34560.1%
65 & Over39,80217.3%

Age Composition Over Time2017–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Population Under 18

51,857-0.7% YoY

Population 65 & Over

39,802+2.8% YoY

Median Age

39.00+1.3% YoY

Mobility & Veterans

2024 Residential Mobility

of residents

Same house87.8%
Moved (within US)11.8%
Other0.4%

Veterans

7.4%-1.3% YoY

County Economy

Income

Median Household Income

$78K+1.6% YoY

Per-Capita Income

$44K+3.1% YoY

Mean Household Income

$104K+2.7% YoY

Poverty

Below Poverty Level

9.4%-5.1% YoY

Transportation to Work

2024 Commute Mode

of workers

Drove alone75.6%
Public transit0.6%
Worked from home14.7%
Other9.1%

Worked From Home

14.7%+7.3% YoY

Mean Commute

19.30+1.0% YoY