Explore Cedar Rapids
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Why Live in Cedar Rapids
Cedar Rapids combines rich cultural heritage with modern amenities along the Cedar River. The New Bohemia District buzzes with local vendors and artisans at NewBo City Market, while the National Czech & Slovak Museum celebrates the city's European roots. Residents enjoy performances at the restored 1920s Paramount Theatre and browse extensive art collections at the Cedar Rapids Museum of Art, including works by Grant Wood. The historic Brucemore estate provides 26 acres of gardens and mansion tours, while outdoor enthusiasts explore Indian Creek Nature Center's trails and wildlife. The local food scene features innovative restaurants like Rodina, which sources local ingredients, and The Mill's award-winning fine dining.
The Cedar Rapids housing market presents diverse options across distinct neighborhoods. The median single family home price in Cherry Hill Park reaches $240,000, while Downtown Cedar Rapids single family homes have a median price of $98,500. Vernon Heights commands a median single family home price of $217,000. Townhomes throughout Cedar Rapids have a median price of $211,000, while one bedroom condos start at a median price of $142,500.
Cedar Rapids maintains a cost of living 3.8% above the national average. A family with school age children needs $114,000 annually to live comfortably, while renters require $55,000. Property taxes stand at 1.66%, slightly higher than nearby Waterloo at 1.53%. The city features strong public schools like Echo Hill Elementary School, rated A by Niche, and private institutions such as Xavier High School. Major employers include Collins Aerospace, General Mills, and Quaker Oats. The straightforward grid system and Cedar Rapids Transit bus service facilitate easy navigation throughout the city.
Home Prices in Cedar Rapids, IA
The median home sale price in Cedar Rapids, IA is $173,000, up 1% year-over-year. Homes in Cedar Rapids sell in 39 days on average, compared to the national average of 58 days.
Home Price Trends
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Median Sale Price
$173,000
|
Median Single Family Sale Price
$175,000
|
|
Median 2 Bedroom Sale Price
$138,000
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Median 1 Bedroom Sale Price
$112,500
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Average Price Per Sq Ft
$133
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Number of Homes for Sale
134
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Last 12 months Home Sales
1,242
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Months of Supply
1.30
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Median List Price
$179,000
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Median Change From 1st List Price
2%
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Median Home Sale Price YoY Change
1%
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Popular Home Searches in Cedar Rapids, IA
With strong roots in manufacturing and agriculture, Cedar Rapids offers affordable homes and a variety of traditional styles.
- Need extra space? Browse listings with basements or garages for flexibility and storage.
- Looking for charm? Check out craftsman style or colonial style homes near downtown or older neighborhoods.
- Want to entertain? Explore homes with a deck or yard for gatherings.
- Prefer something newer? Search for new construction or modern homes in growing neighborhoods.
- Value quiet streets? Look for homes on a cul-de-sac or corner lot.