Home prices
Cedar Rapids's median home value is $141,800. Compared to its nearby areas this is about $64,517 (31%) lower.It is about $75,700 (34%) lower compared to the US as a whole.
Rents
Cedar Rapids's median rent is $767 per month. This is about $221 (22%) lower compared to its surrounding areas.In comparison to the rest of the nation it is approximately $295 (27%) lower.
Nearby places
Hiawatha
Hiawatha is Cedar Rapids's neighbor to the north. Housing prices there are fairly similar. The median home in Hiawatha is valued at $143,500, which works out to $1,700 (1%) higher than Cedar Rapids. The rent there is similar. In Hiawatha the median monthly rent is $773, which is very similar to Cedar Rapids.
Marion
Marion is Cedar Rapids's neighbor to the northeast. Its housing prices are a little more expensive. Marion's median home cost is $168,700, which is $26,900 (15%) higher than Cedar Rapids. Its rents are a little less expensive. In Marion the median monthly rent is $725, which is $42 (5%) lower than Cedar Rapids.
Robins
Robins is Cedar Rapids's neighbor to the north. Real estate prices there are substantially more expensive. Robins's median home cost is $295,200, which comes out to $153,400 (51%) higher than Cedar Rapids. Rent there is significantly more expensive. The median monthly rent in Robins is $1,545, which is $778 (50%) higher than Cedar Rapids.
Fairfax
Fairfax is roughly 5 miles southwest of Cedar Rapids. Housing prices there are significantly more expensive. The median home in Fairfax costs $221,400, which comes out to $79,600 (35%) higher than Cedar Rapids. The rent there is significantly more expensive. In Fairfax the median monthly rent is $1,375, which works out to $608 (44%) higher than Cedar Rapids.
Ely
Ely is approximately 7 miles southeast from Cedar Rapids. The housing prices there are substantially more expensive. The median home in Ely is valued at $216,400, which is $74,600 (34%) higher than Cedar Rapids. Rents there are pretty similar. Ely's median monthly rent is $737, which comes out to $30 (4%) lower than Cedar Rapids.
Swisher
Swisher is roughly 8 miles south from Cedar Rapids. Its housing prices are a little more expensive. The median home value in Swisher is $192,700, which is $50,900 (26%) higher than Cedar Rapids. Rent there is similar. The median monthly rent in Swisher is $775, which works out to $8 (1%) higher than Cedar Rapids.