Compare Cedar Rapids, IA mortgage rates and fees from top lenders. Review free, personalized mortgage rates based on your specifc loan amount, program and other factors. Easily compare APRs, closing costs and monthly payments to find the lowest mortgage rates in Cedar Rapids.
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August 18, 2025
Below we provide helpful information on the real estate market, home prices and housing affordability in Cedar Rapids. Understand how much you need to earn to afford a home in Cedar Rapids, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Cedar Rapids fits your budget. This information is based on proprietary analysis you can only find on FREEandCLEAR and we offer it to help you decide if living in Cedar Rapids is right for you.
The median home value for Cedar Rapids, IA (Linn County) is $204,537
Based on current mortgage rates and a 10% down payment, you need to make $42,670 per year to buy the median priced home in Cedar Rapids
With this income, you could qualify for a $184,083 mortgage, assuming your monthly debt expense is reasonable
Based on this loan amount, the monthly mortgage payment required to buy the median priced home in Cedar Rapids is $988
The median household income for Cedar Rapids, IA (Linn County) is $70,433
Based on this income, you can afford a home valued at approximately $337,623
The home price you can afford to buy based on household income in Cedar Rapids is 165% of the median home value which means housing prices are average. Cedar Rapids (Linn County) ranks 88 out of 99 counties in Iowa and 1,498 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Cedar Rapids, IA is average
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Cedar Rapids (Linn County) below.
Conforming loan limits for Cedar Rapids, IA
FHA loan limits for Cedar Rapids, IA