Property Prices in Cedar Rapids, IA, United States

Index Info
Price to Income Ratio: 1.93
Mortgage as Percentage of Income: 14.28%
Loan Affordability Index: 7.00
Price to Rent Ratio - City Centre: 8.50
Price to Rent Ratio - Outside of Centre: 6.21
Gross Rental Yield (City Centre): 11.76%
Gross Rental Yield (Outside of Centre): 16.11%

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Rent Per Month
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Apartment (1 bedroom) in City Centre 800.00 $ 500.00-1,200.00
Apartment (1 bedroom) Outside of Centre 662.50 $ 550.00-900.00
Apartment (3 bedrooms) in City Centre 2,000.00 $ 1,500.00-2,500.00
Apartment (3 bedrooms) Outside of Centre 1,150.00 $ 1,000.00-1,200.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 162.00 $ 162.00-200.00
Price per Square Feet to Buy Apartment Outside of Centre 82.00 $ 76.00-110.00
Salaries And Financing
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Average Monthly Net Salary (After Tax) 3,398.00 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 4.19 2.80-6.50

These data are based on 62 entries in the past 18 months from 22 different contributors.
Last update: December 2020

Sources and References
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