Property Prices in Cedar Rapids, IA, United States

Index Info
Price to Income Ratio: 2.15
Mortgage as Percentage of Income: 19.46%
Loan Affordability Index: 5.14
Price to Rent Ratio - City Centre: 7.21
Price to Rent Ratio - Outside of Centre: 10.14
Gross Rental Yield (City Centre): 13.87%
Gross Rental Yield (Outside of Centre): 9.86%
Rent Per Month
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1 Bedroom Apartment in City Centre $1,156.25 1,000.00-1,510.00
1 Bedroom Apartment Outside of City Centre $719.00 676.00-1,095.00
3 Bedroom Apartment in City Centre $1,608.50 1,444.00-1,970.00
3 Bedroom Apartment Outside of City Centre $1,184.25 1,142.00-2,000.00
Buy Apartment Price
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Price per Square Meter to Buy Apartment in City Centre $1,632.50 1,528.00-1,859.00
Price per Square Meter to Buy Apartment Outside of Centre $1,529.60 1,521.00-1,593.00
Salaries And Financing
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Average Monthly Net Salary (After Tax) $3,672.67
Annual Mortgage Interest Rate (20-Year Fixed, in %) 6.63 6.00-7.58

These data are based on 63 entries from 17 contributors over the past 18 months.
Last update: 15 October 2026

Sources and References
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