In Cedar Rapids, a typical home is worth $187,100 and typical rent is $967 a month. Compared with all of Linn County, the typical home value is 13% lower and typical household income is 9% lower.
Typical home value from Zillow, September 2021 to September 2026: from $176,253 to $215,727.
Typical rent
$1,274a month
▲ 14.7% more than 12 months ago
Typical rent from Zillow, September 2021 to September 2026: from $895 to $1,274.
From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).
Cedar Rapids is in Linn County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Linn County. See the county
What homes there are in Cedar Rapids, what they cost, how that changed and how people live, from Census figures (2020–2024).
What homes there are
U.S. Census Bureau, ACS 5-year, 2020–2024
Kind of home
Detached houseAttached houseBuilding of 2 to 4Apartments (5 or more)Mobile homeBoat, RV and otherUnreliable estimate
Cedar Rapids
Linn County
Iowa
United States
Kind of home: Cedar Rapids and its comparisons
Measure
Cedar Rapids
Linn County
Iowa
United States
Detached house
62%
67%
72%
61%
Attached house
5%
5%
5%
6%
Building of 2 to 4
7%
6%
6%
8%
Apartments (5 or more)
24%
19%
14%
19%
Mobile home
3%
3%
3%
6%
Boat, RV and other
Unreliable estimate
Unreliable estimate
0%
0%
Detached houses are the majority in Cedar Rapids (62%), but less so than in Linn County (67%).
Year built
Before 19601960–19791980–19992000–20092010 or later
Cedar Rapids
Linn County
Iowa
United States
Year built: Cedar Rapids and its comparisons
Measure
Cedar Rapids
Linn County
Iowa
United States
Before 1960
30%
27%
38%
26%
1960–1979
29%
26%
24%
24%
1980–1999
19%
20%
17%
25%
2000–2009
12%
14%
11%
14%
2010 or later
10%
13%
11%
11%
In Cedar Rapids, half of the homes were built before 1974; in Linn County, before 1978.
In Cedar Rapids, 13% of homes have 1 bedroom or none (studios); 57% have 3 bedrooms or more, against 64% in Linn County.
What it costs here
U.S. Census Bureau, ACS 5-year, 2020–2024
Value of owner-occupied homes
Under the limitOver the limit
Under $100K11%
$100K–$200K45%
$200K–$300K26%
$300K–$500K16%
$500K–$750K2%
FHA limit: $541,287
$750K–$1M1%
$1M or more1%
Value of owner-occupied homes: Cedar Rapids and its comparisons
Measure
Cedar Rapids
Under $100K
11%
$100K–$200K
45%
$200K–$300K
26%
$300K–$500K
16%
$500K–$750K
2%
$750K–$1M
1%
$1M or more
1%
The FHA loan limit for Linn County is $541,287, and about 97% of owner-occupied homes in Cedar Rapids are worth less than that.
Monthly rent with utilities
Under the limitOver the limitUnreliable estimate
Under $5007%
$500–$99946%
$1,000–$1,49935%
HUD fair market rent, 2 bedrooms: $1,054
$1,500–$1,9998%
$2,000–$2,4993%
$2,500–$2,999Unreliable
$3,000 or more2%
Monthly rent with utilities: Cedar Rapids and its comparisons
Measure
Cedar Rapids
Under $500
7%
$500–$999
46%
$1,000–$1,499
35%
$1,500–$1,999
8%
$2,000–$2,499
3%
$2,500–$2,999
Unreliable estimate
$3,000 or more
2%
About 56% of rented homes in Cedar Rapids cost less than HUD's 2-bedroom fair market rent for Linn County ($1,054); the rest cost more.
With a mortgage
$1,447 a month
Linn County: $1,584 a month
Without a mortgage
$673 a month
Linn County: $693 a month
Owners with a mortgage
65%
Linn County: 65%
The typical cost for an owner with a mortgage in Cedar Rapids is $1,447 a month, less than in Linn County ($1,584); without one, $673.
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
Cedar Rapids+32%
Linn County+37%
Iowa+41%
United States+53%
Typical rent
Cedar Rapids+26%
Linn County+24%
Iowa+23%
United States+33%
Typical household income
Cedar Rapids+20%
Linn County+20%
Iowa+24%
United States+29%
Change since 2015–2019: Cedar Rapids and its comparisons
Measure
Cedar Rapids
Linn County
Iowa
United States
Typical home value
+32%
+37%
+41%
+53%
Typical rent
+26%
+24%
+23%
+33%
Typical household income
+20%
+20%
+24%
+29%
Homes in Cedar Rapids gained value more slowly than in Linn County: 32% since 2015–2019, against 37%.
Rents in Cedar Rapids rose at about the same pace as in Linn County: 26% since 2015–2019, against 24%.
Housing prices ran ahead of income in Cedar Rapids: typical income rose 20%, against +32% for home values and +26% for rent.
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: Cedar Rapids and its comparisons
Measure
Cedar Rapids
Linn County
Iowa
United States
Rental vacancy
9.7%
9.4%
5.7%
5.5%
Homeowner vacancy
0.6%
0.7%
0.8%
0.9%
More than one person per room
1.6%
1.1%
1.6%
3.4%
People per household
2.25
2.35
2.36
2.53
Drive alone
77%
76%
76%
69%
Carpool
7%
6%
8%
9%
Public transit
1%
1%
1%
3%
Walk or bike
2%
2%
3%
3%
Work from home
13%
15%
11%
15%
Other means
Unreliable estimate
1%
1%
2%
Typical commute
10 to 19 minutes
10 to 19 minutes
10 to 19 minutes
20 to 29 minutes
Open rentals in Cedar Rapids look like those in Linn County: the rental vacancy rate is 9.7%.
More than one person per room: that is how 1.6% of households in Cedar Rapids live, near the figure in Linn County (1.1%).
Much as in Linn County, a household in Cedar Rapids has 2.25 people on average.
The car rules in Cedar Rapids: 77% of workers drive to work alone, and the typical trip takes 10 to 19 minutes.
Do the math
What would you pay each month for a home in Cedar Rapids?
A typical home is tight for the typical income
We start with a typical home in Cedar Rapids, worth $187,100, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 29% of the typical household income in Cedar Rapids, which is $70,424 a year. For that payment to be 28% of income, a household would need to earn about $71,784 a year.
The calculator's FHA and conventional loan limits are those of all of Linn County.
Change the price, the down payment or the loan: the payment updates right away.
Your numbers
Local data
$
Starts at the typical home value in Cedar Rapids. Change it to the price you have in mind.
Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.
Down payment
%
That is $6,549 (3.5% of the price). The usual minimum for this loan is 3.5%.
This week's average ± a quarter or half point.
National average as of November 5, 2026 (Freddie Mac); your rate may be different.
Adjust advanced details⌄
Estimated monthly payment
Local data
$1,675
at 7.18% · 30 years
Loan amount
$183,711
Total interest
$264,317
Paid off in
November 2056
Includes $3,160 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $1,643 a month
Tight
$1,643 to $2,113 a month
Your payment · 29%
Hard
more than $2,113 a month
Compared with the typical household income in Cedar Rapids ($70,424 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$1,245
Property tax
$270
Home insurance
$78
FHA mortgage insurance (MIP)
$83
You need at least $6,549 for the down payment, plus closing costs.
This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.
Total monthly payment $1,675; principal and interest $1,245.
The city and its county
Cedar Rapids and Linn County
Cedar Rapids is in Linn County, Iowa. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).
Cedar Rapids
Map of Linn County, Iowa, with Cedar Rapids marked. Around it, the neighboring counties.
Cedar Rapids
Linn County
Other cities with a page
Cedar Rapids's own numbers
Typical home value
$187,100
Typical monthly rent
$967
Typical yearly household income
$70,424
Households that own their home
69%
Effective property tax rate
1.73%
U.S. Census Bureau, American Community Survey (average 2020–2024).
Numbers for all of Linn County
FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,054
Price change over 5 years (FHFA)
+38%
Homes in a high flood-risk zone
1.2%
HUD, FHFA and FEMA don't publish these numbers by city.
Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Linn County.
A typical home in Cedar Rapids is worth $187,100: 13% below the county and 10% below Iowa. With the typical household income in Cedar Rapids ($70,424 a year), a typical home costs 2.7 times what the household earns in a year.
Years of income to pay for a typical home
The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.
Cedar Rapids2.7 years
Linn2.8 years
Iowa2.8 years
United States4.1 years
Source: U.S. Census Bureau, Average 2020–2024
How prices have changed in Linn County
According to FHFA’s house price index, home prices in Linn County rose 56% in the 10 years through 2025.
FHFA does not publish this index by city: these are the numbers for all of Linn County.
Yearly change in FHFA’s price index in Linn County, 2016 to 2025
2016: +1.6% +1.6% 2016
2017: +2.8% +2.8% 2017
2018: +3.3% +3.3% 2018
2019: +2.9% +2.9% 2019
2020: +2.1% +2.1% 2020
2021: +9.0% +9.0% 2021
2022: +10.6% +10.6% 2022
2023: +7.2% +7.2% 2023
2024: +3.6% +3.6% 2024
2025: +3.0% +3.0% 2025
Change in FHFA’s price index in Linn County, Iowa and the United States
Period
County
Iowa
U.S.
Last year (2025)
+3.0%
+3.2%
+2.9%
5 years (2020–2025)
+38%
+41%
+47%
10 years (2015–2025)
+56%
+65%
+85%
The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data
Cedar Rapids next to Linn County, Iowa and the U.S.
Three numbers side by side. “Typical” means the median: half are above it and half below.
Typical home value
Cedar Rapids$187,100
Linn$214,300
Iowa$208,000
United States$332,700
Typical monthly rent
Cedar Rapids$967
Linn$945
Iowa$972
United States$1,413
Typical yearly household income
Cedar Rapids$70,424
Linn$77,649
Iowa$75,059
United States$80,734
See the full table
Cedar Rapids next to Linn County and Iowa
Measure
Cedar Rapids
Linn County
Iowa
U.S.
Typical home value
$187,100 ▼13% below the county
$214,300
$208,000
$332,700
Typical monthly rent
$967 ▲2% above the county
$945
$972
$1,413
Typical yearly household income
$70,424 ▼9% below the county
$77,649
$75,059
$80,734
Households that own their home
69% ▼5 points below the county
74%
72%
65%
Typical yearly property tax
$3,233 ▼9% below the county
$3,547
$2,897
$3,119
Effective property tax rate
1.73% ▲0.07 points above the county
1.66%
1.39%
0.94%
Renters with high rent for their income
45%
45%
44%
51%
“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Linn County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.
Four ways to pay for a typical home in Cedar Rapids
For a typical $187,100 home in Cedar Rapids, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Cedar Rapids's typical property tax, an example home insurance and mortgage insurance when it applies.
FHA, 3.5% down$1,675a month
Least cash to close
Down payment
$6,549
Cash to close
$12,162
Rate
7.18%
Mortgage insurance
FHA MIP · $83
Conventional, 5% down$1,641a month
Down payment
$9,355
Cash to close
$14,968
Rate
7.18%
Mortgage insurance
PMI · $89
Conventional, 20% down, no PMI$1,362a month
Down payment
$37,420
Cash to close
$43,033
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$1,535a month
Down payment
$28,065
Cash to close
$33,678
Rate
8.18%
Mortgage insurance
None
Four ways to pay for a typical home in Cedar Rapids
Loan
Monthly payment
Down payment
Loan amount
Rate
Mortgage insurance
Cash to close
Minimum score
FHA, 3.5% down Least cash to close
$1,675
$6,549
$183,711
7.18%
FHA MIP · $83
$12,162
580
Conventional, 5% down
$1,641
$9,355
$177,745
7.18%
PMI · $89
$14,968
620*
Conventional, 20% down, no PMI
$1,362
$37,420
$149,680
7.18%
None
$43,033
620*
ITIN, 15% down (example)
$1,535
$28,065
$159,035
8.18%
None
$33,678
Set by the lender
The option that asks for the least cash to close is FHA, 3.5% down.
Cash to close = down payment plus 3% of the price in closing costs (example).
Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.
Typical rent in Cedar Rapids is $967 a month: 2% above the county. In Cedar Rapids, 45% of renter households pay 30% or more of their income in rent.
HUD publishes a fair market rent for all of Linn County, by unit size. To pay the 2-bedroom one ($1,054 a month) without spending more than 30% of your income, you would need to earn $20.27 an hour working full time.
What you need to earn to pay it without spending more than 30% of income, working full time.
HUD fair market rent in Linn County (Fiscal year 2027)
Size
Fair rent a month
Hourly wage
Yearly income
Studio
$734
$14.12
$29,360
1 bedroom
$806
$15.50
$32,240
2 bedrooms
$1,054
$20.27
$42,160
3 bedrooms
$1,459
$28.06
$58,360
4 bedrooms
$1,762
$33.88
$70,480
Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027
By ZIP code
Fair market rent by ZIP code in Cedar Rapids
HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Cedar Rapids has 4 ZIP codes with their own.
For 2 bedrooms it runs from $970 in 52401 to $1,220 in 52405.
3 of the 4 are above the fair market rent for Linn County ($1,054).
2-bedroom fair market rent in each of the 4 ZIP codes of Cedar Rapids, beside the one for Linn County. For 2 bedrooms it runs from $970 in 52401 to $1,220 in 52405. 3 of the 4 are above the fair market rent for Linn County ($1,054).
2-bedroom fair market rent in each ZIP code
Each line is one ZIP code: in color, those above the county's fair market rent; in gray, the rest.
County: $1,054
Lowest: $970 (52401)Highest: $1,220 (52405)
Fair market rent by ZIP code and size in Cedar Rapids, fiscal year 2027.
52401
$670
$740
$970
$1,350
$1,620
52402
$810
$890
$1,170
$1,620
$1,960
52404
$800
$870
$1,080
$1,500
$1,810
52405
$850
$930
$1,220
$1,690
$2,040
ZIP code2 bd3 bd
52401 $970$1,350
52402 $1,170$1,620
52404 $1,080$1,500
52405 $1,220$1,690
2 of these ZIP codes cross the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Cedar Rapids when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD)Fiscal year 2027Small Area Fair Market Rents (HUD) (external site)Source: Census Bureau ZCTA-to-place relationship fileData from 2020 dataCensus Bureau ZCTA-to-place relationship file (external site)
You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.
There is 1 HUD-approved agency with an office in Linn County; none says it serves in Spanish.
No down payment, repair or rent-help program on our list is for Cedar Rapids or Linn County. The ones below are statewide in Iowa: they work in Cedar Rapids the same as in the rest of the state.
With the Iowa state authority's FirstHome mortgage, a first-time buyer can get a second loan of up to 3% of the price (maximum $10,000) or up to 5% (maximum $15,000), with no monthly payments, repaid when you sell, refinance or pay off the mortgage.Offered by Iowa Finance Authority (IFA).
Iowa state authority second loan, with the Homes for Iowans mortgage, of up to 3% of the price (maximum $10,000) or 5% (maximum $15,000) for the down payment and closing costs; no monthly payments, and for any buyer.Offered by Iowa Finance Authority (IFA).
The HUD-approved agencies closest to the center of Cedar Rapids, in a straight line, nearest first. If one says it serves in Spanish, its card says so.
HA
Horizons, A Family Service Alliance (horizons Cccs)
No legal help resource on our list is for Cedar Rapids or Linn County in particular.
If you have a problem with your landlord, an eviction notice or a scam, the Legal Services Corporation (LSC) search shows the free legal aid offices that serve your area.
Short answers with the numbers for Cedar Rapids and all of Linn County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.
How much does a typical home cost in Cedar Rapids?
The typical home value in Cedar Rapids is $187,100, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Linn County it is $214,300.
How much does it cost to rent in Cedar Rapids?
Typical rent in Cedar Rapids is $967 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Linn County is $1,054.
What is the FHA loan limit in Cedar Rapids?
Cedar Rapids uses the FHA limit for all of Linn County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.
How much property tax do owners pay in Cedar Rapids?
The typical homeowner in Cedar Rapids pays $3,233 a year, according to the U.S. Census Bureau. That is 1.73% of the home’s value; in Linn County, the rate is 1.66%.
Where can I find free help to buy or rent in Cedar Rapids?
There is 1 HUD-approved counseling agency with an office in Linn County. They can help you get ready to buy, with your credit, or with rent.
