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Example household · $83,730 · same pay · 1 adult

Cedar Rapids

Housing in Cedar Rapids, IA: Rent, Home Prices & Property Tax

$2,778 left/mo

$904/mo (1 bd) in Cedar Rapids. Median home $202,100. Property tax 1.59%.

Pick a home cityHow we figure this
Rent (1-bedroom)
$904
/mo
Buy
$1,555
Mortgage, tax, insurance
Buying costs more
$651
/mo

To buy

  • 20% down payment$40,420
  • Mortgage at 7.24%$1,102
  • Property tax (1.59% of value)$268/mo · $3,213/yr
  • Insurance and upkeep$185
  • Monthly total$1,555

Months to 20% down

$2,778 left each month. About 15 months (1.3 years) to save $40,420.

Rent is Zillow asking rent. The price is the Census median home value. The mortgage is a 30-year fixed at 7.24%, the Freddie Mac PMMS average for the week of Oct 29, 2026, with 20% down.

Guide: state tax and rent when you compare cities

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