Cedar Rapids, IA home prices
Typical home $246,602 · +3.9% in a year · income needed $76,700
The Cedar Rapids, IA metro area ranks 463 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +3.9% in a year and +24.6% over five years. With 20% down at 7.11%, the typical home costs about $1,791 a month including 1.66% property tax (Linn County rate).
Mortgage on the typical Cedar Rapids home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $49,320 | $197,282 | $1,327 | $0 | $463 | $1,791 | $76,700 |
| 10% down | $24,660 | $221,942 | $1,493 | $92 | $463 | $2,049 | $87,800 |
| 5% down | $12,330 | $234,272 | $1,576 | $98 | $463 | $2,137 | $91,600 |
| 3.5% down (FHA) | $8,631 | $242,135 | $1,629 | $109 | $463 | $2,201 | $94,300 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.66% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Counties in the Cedar Rapids area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Linn County, IA | $242,923 | +3.0% | 1.66% |
| Benton County, IA | $282,938 | +9.5% | 1.31% |
| Jones County, IA | $241,542 | +7.8% | 1.33% |
What can you afford in Iowa on your salary? · Iowa home prices · Salaries in Iowa
Frequently asked questions
How much is a house in Cedar Rapids?
The typical home in the Cedar Rapids, IA metro area is worth $246,602 (Zillow, September 2026).
What salary do you need to buy a house in Cedar Rapids?
About $76,700 a year for the typical home with 20% down at 7.11%.