Cedar Rapids, IA Housing Market
Hot MarketMetro-level monthly sale metrics for rental investors — prices, inventory, pace, and negotiation signals. Figures represent the Cedar Rapids, IA metro area.
Data period: May 2026
Market snapshot
- Median sale price
- $229K
- Median days on market
- 17 days
- Months of supply
- 1.3
- Active inventory
- 475
- Homes sold
- 372
- Sale-to-list ratio
- 99.9%
- Listings with price drop
- 30.5%
- Data month
- May 2026
Pair this view with the rental property calculator, DSCR calculator, and cap rate calculator — or browse all calculators.
Rental Investor Snapshot
Labels below come from monthly sale-market indicators only. True cash flow requires local rent, taxes, insurance, vacancy, and expense assumptions — model those in the rental calculator, then sanity-check against sale-speed signals here.
- Market temperature
- Competitive
- Buyer leverage
- High
- Pricing signal vs. U.S. median
- Easier buy-in vs. U.S. median (price only)
- Investor fit (heuristic)
- Buy-in vs. U.S. · Appreciation · Negotiation
Watch-outs
- Low inventory with tight supply often means more competition on offers.
- Elevated price cuts can signal negotiation room — verify condition, rents, and comps street-by-street.
- Fast markets reward speed; avoid waiving contingencies without a plan.
Suggested next step: Run a rental property analysis with your own rent, financing, vacancy, and expense assumptions — then sanity-check against this market's sale-speed and negotiation signals.
Hot Market
Homes are selling quickly with strong competition among buyers.
Cedar Rapids, IA market summary
The Cedar Rapids, IA metro area housing market is heating up. As of May 2026, the median home sale price is $229K, down 2.6% year-over-year. Homes are spending a median of 17 days on the market, 26.1% shorter than a year ago.
There are 475 homes for sale — 37.6% fewer than last year. With 1.3 months of supply, this is a seller's market. 414 new listings were added during this period, down 4.2% year-over-year.
Homes are selling for 99.9% of their list price on average, suggesting room for negotiation. 33.6% of homes sell above their asking price. 30.5% of listings have had a price drop.
Market Opportunity Score
Based on current market conditions
45
Contributing Factors
How This Market Compares
vs. National Median
vs. Iowa Median
Investor takeaway
This is a highly competitive market. Be prepared to move quickly and potentially offer above asking price. A significant share of sellers are cutting prices, which can signal motivated sellers and potential deals. Prices are 49% below the national median on this sale snapshot — that can mean lower buy-in, but cash flow still depends on local rent, financing, and expenses.
Cedar Rapids, IA market trends
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Detailed market metrics
Median list price
$269K
Price per sq ft
$141
Sale-to-list ratio
99.9%
Months of supply
1.3
Sold above list
33.6%
Price drops
30.5%
New listings
414
↓ 4.2% YoY
Pending sales
442
Off market in 2 weeks
56.3%
Cedar Rapids, IA housing market FAQs
What is the median home price in Cedar Rapids, IA?
For the latest published month, the median sale price in Cedar Rapids, IA is $229K. Median means half of homes sold above that price and half below — it is a useful benchmark, not a rule for every listing.
Is Cedar Rapids, IA a buyer's or seller's market?
With about 1.3 months of supply, conditions often favor sellers (inventory is relatively tight versus sales pace). Buyers may need to move quickly and keep offers competitive.
How long do homes stay on the market in Cedar Rapids, IA?
For the latest published month, the median days on market in Cedar Rapids, IA is 17 days — half of homes went pending faster and half slower.
Is Cedar Rapids, IA good for rental property investors?
Sale-market stats show how competitive buying is (speed, negotiation, inventory). They do not prove rent performance. Cedar Rapids, IA can still work for rentals if the numbers work on a deal-by-deal basis — use local rent comps, financing, vacancy, and expenses in the rental property calculator.
How should investors analyze a rental property in Cedar Rapids, IA?
Start with purchase price, financing, rent, vacancy, operating expenses, and capital repairs. Stress-test rates and rent. Will It Flow’s rental property calculator is built to translate those inputs into cash flow, DSCR, cap rate, and cash-on-cash return for Cedar Rapids, IA deals.
Compare more Iowa metro markets
Explore nearby sale-market pace and pricing, then run a shortlist through the rental property calculator.
Des Moines, IA
$309K · 36d on market
Davenport, IA
$190K · 22d on market
Iowa City, IA
$335K · 36d on market
Waterloo, IA
$235K · 15d on market
Ames, IA
$279K · 20d on market
Sioux City, IA
$246K · 22d on market
Dubuque, IA
$266K · 35d on market
Burlington, IA
$150K · 58d on market
National context
Step up to the U.S. housing market hub for national trends, then browse top metro markets by sales activity.
Underwrite a Cedar Rapids, IA deal with real numbers
Use Will It Flow for cash flow, DSCR, cap rate, and cash-on-cash return — free and fast.
Housing market data provided by Redfin, a national real estate brokerage. Not financial advice. Always consult a qualified professional before making investment decisions.