Mortgage payment estimates, closing cost breakdowns, and homebuying data for Cedar Rapids, Iowa.
Pre-filled with Cedar Rapids median home price and Iowa tax/insurance rates. Adjust for your property.
Estimated closing costs based on Iowa rates and fees applied to Cedar Rapids prices.
The median home price in Cedar Rapids is $195,000, 7% below the Iowa state median of $210,000. With a population of 137,710, Cedar Rapids is a mid-size city where home prices tend to be more accessible than in many parts of Iowa.
Property taxes in Iowa average 1.52% annually. This higher-than-average tax rate means a $195,000 home in Cedar Rapids would carry roughly $247/month in property taxes alone — plan accordingly. Homeowners insurance in Iowa runs approximately $1,800 per year. This is within the normal range nationally.
Average rent in Cedar Rapids is $1,020/month. The price-to-rent ratio in Cedar Rapids is moderate, meaning the buy-vs-rent decision depends heavily on how long you plan to stay.
Cedar Rapids offers strong affordability. With median prices under $250K, first-time buyers have realistic paths to homeownership, especially combined with Iowa's IFA FirstHome program.