Market Snapshot
- Median listing price
- $90K
- Median rent
- $775/mo
- Days on market
- 226 days
- Gross rental yield
- 10.33%
- STR vs LTR
- $1,053/mo STR · $775/mo LTR
The median listing price in Cedar Rapids, IA ZIP 52403 is $90,000 as of May 2026.
The median market rent in Cedar Rapids, IA ZIP 52403 is $775/month as of May 2026.
The median days on market in Cedar Rapids, IA ZIP 52403 is 226 days as of May 2026. The market is currently hot.
At a median list price of $90,000 and a median rent of $775/month, the gross rental yield in Cedar Rapids, IA ZIP 52403 is 10.33% as of May 2026.
In Cedar Rapids, IA ZIP 52403, median Airbnb revenue is $1,053/month compared to median long-term rent of $775/month as of May 2026.
Cedar Rapids, IA 52403 Real Estate Market Report
ZIP Code: 52403
Report Date: May 2026
Market Temperature: HOT
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.
Market Overview
This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Market Metrics
Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Rental Market
Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.
Property Taxes
Liquidity & Velocity
Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.
Market Trends & Context
Understanding Market Temperature
A Hot market indicates strong buyer demand with limited inventory, typically characterized by rising prices, quick sales (low days on market), and inventory levels below historical averages.
Current Mortgage Rate Context
Market-level mortgage rate comparison for this area:
Current 30-year fixed mortgage rates in Cedar Rapids, IA are averaging 6.3%, consistent with typical market rates for 2026, indicating that property owners in this area are currently facing stable borrowing costs.
Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.
Key Findings
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The neighborhood's representative recent sale is 215,000, which should be treated as the primary indicator of current market value and recent transaction activity; this median sold price, alongside a hot market temperature, suggests realized prices are firm.
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There is a wide spread between the median listing price of 90,000 and the median sold price of 215,000, which may indicate pricing friction or a skew in asking prices versus actual transaction outcomes and suggests sellers should align expectations with recent closed sales.
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Market velocity appears slow given a median days on market of 226, which should be interpreted as slower sales velocity despite a hot market label; this combination may reflect selective buyer activity or staging/condition-driven sale timelines.
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Rent and price momentum remain positive: the market shows rent year-over-year trend as up and price year-over-year trend as up, while interest rate pressure is characterized as moderate, so landlords and sellers may benefit from continued demand but should monitor borrowing cost sensitivity.
Notable Properties
The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.
Recent Transactions
Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.
Sold above market average
Sold above market average
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Sold below market average
Sold below market average
Cedar Rapids, IA 52403 Real Estate Market Report
ZIP Code: 52403
Report Date: May 2026
Market Temperature: HOT
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo sales and active listings within the past 90 days.
Market Overview
This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Market Metrics
Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Rental Market
Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.
Property Taxes
Liquidity & Velocity
Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.
Market Trends & Context
Understanding Market Temperature
A Hot market indicates strong buyer demand with limited inventory, typically characterized by rising prices, quick sales (low days on market), and inventory levels below historical averages.
Current Mortgage Rate Context
Market-level mortgage rate comparison for this area:
Current 30-year fixed mortgage rates in Cedar Rapids, IA are averaging 6.3%, consistent with typical market rates for 2026, indicating that property owners in this area are currently facing stable borrowing costs.
Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.
Key Findings
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The primary indicator, median sold price 219,900, indicates recent transaction values are elevated relative to many asking prices and should be treated as the most reliable gauge of market value when underwriting offers or appraisals. treat sold prices as primary
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There is a pronounced spread between the median listing price 129,900 and the median sold price 219,900, which may indicate pricing friction or seller expectation gaps; sellers may need to adjust asking strategies and buyers should verify comparables to avoid overpaying. pricing discrepancy
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Liquidity appears muted on a time-to-contract basis: the median days on market 269 points to slower sales velocity despite the market being characterized as hot overall; agents should plan longer marketing windows and consider targeted incentives to accelerate transactions. slower sales velocity
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Market dynamics support continued rental strength—median market rent 775 and a rent year-over-year trend of up—while borrowing conditions are under moderate pressure with typical 30-year fixed rates around 6.3%, so investors should weigh rising rents against stable-but-elevated financing costs when modeling cash flow. moderate interest rate pressure
Notable Properties
The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.
Recent Transactions
Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.
Sold above market average
Sold above market average
Sold above market average
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Sold below market average
Sold below market average
Investment Analysis
Compare rental income potential against ownership costs and benchmark against market averages.
Monthly rental income vs estimated ownership cost
20% down, 6.3% rate, 1.5% tax
Avg nightly rate and occupancy for this ZIP
Data Sources
Real estate market data & public records, and GemHaus® proprietary models.
Report generated: 5/1/2026
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