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 Trends in Cedar Rapids, IA
On average, homes in Cedar Rapids, IA sell after 39 days on the market compared to the national average of 50 days. The median sale price for homes in Cedar Rapids, IA over the last 12 months is $202,000, up 3% from the median home sale price over the previous 12 months.
Median Sale Price
$202,000
Median Single Family Sale Price
$206,000
Median Townhouse Sale Price
$211,000
Median 2 Bedroom Sale Price
$155,000
Median 1 Bedroom Sale Price
$142,500
Average Price Per Sq Ft
$139
Number of Homes for Sale
451
Last 12 months Home Sales
2,646
Median List Price
$210,000
Median Change From 1st List Price
2%
Median Home Sale Price YoY Change
3%