Markets/Iowa/Cedar Rapids

Cedar Rapids, IA Real Estate Market 2026

Investor-grade market analytics for Cedar Rapids, Iowa. Data from Zillow ZHVI, FRED, Census ACS, and FEMA NRI. Data through August 2026.

Median Home Price

$245,444

+3.9% year-over-year

Est. Rental Yield

6.1%

gross annual

12-Month Forecast

+3.8%

base case (Zillow ZHVF)

+3.8% year-over-year

Climate Risk

23/100

Very Low

Market Momentum

๐ŸŒค๏ธ
Warm
1.3mo supply ยท Score +3/7

Net migration: Bottom 17% nationally

Income Migration

โžก๏ธ Neutral1.00x

In-migrants avg $57,627 AGI vs out-migrants $57,726

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Opportunity Zone Market

6 ZIP codes in Cedar Rapids are designated Qualified Opportunity Zones (IRC 1400Z-2), eligible for capital gains tax deferral on qualifying investments. Learn more โ†’

Cedar Rapids Market Summary

Cedar Rapids, IA shows steady growth at 3.9% year-over-year appreciation, reflecting balanced market conditions with moderate demand. Affordability remains favorable with a price-to-income ratio of 3.18x, below the national average of 4.8x. Climate risk remains low (23/100), favorable for long-term investment stability. Rental yield of 6.11% is strong, making this market attractive for buy-and-hold investors.

Affordability

Affordability Score97/100
Price-to-Income Ratio3.2x (national avg 4.8x)
Median Household Income$77,084

Price Forecast Scenarios

12-month projection (Zillow ZHVF model)

Bear Case+1.9%
Base Case+3.8%
Bull Case+5.7%

Climate & Natural Hazard Risk

Cedar Rapids, IA's primary climate exposure is wind storms (63/100). The composite climate risk score of 23/100 (Low) indicates overall risk reflecting favorable conditions for long-term real estate investment. This market benefits from relatively low natural hazard exposure compared to coastal and wildfire-prone regions.

Source: FEMA National Risk Index

Get the full Cedar Rapids dataset

Migration flows, ZIP-level neighborhood data, full demographics, price history, and the Market Screener.