Much like its surrounding areas, it is significantly less expensive compared to the entire country. Compared to the city of Grand Island, it is a lot less expensive.
Home prices
Cedar Rapids's median home cost is $80,000. This is roughly $3,020 (3%) higher compared to its surrounding areas.In comparison to the rest of the nation it is approximately $137,500 (63%) lower, and compared to the city of Grand Island is roughly $60,800 (43%) lower.
Rents
In Cedar Rapids the median monthly rent is $758. Compared to its surrounding areas it is about $217 (40%) higher.It is roughly $304 (28%) lower in comparison to the rest of the country, and in comparison to the city of Grand Island is approximately $9 (1%) lower.
Nearby places
Albion
Albion is about 10 miles northeast of Cedar Rapids. The real estate prices there are a lot more expensive. Albion's median home cost is $120,800, which comes out to $40,800 (33%) higher than Cedar Rapids. Rents there are a bit less expensive. The median rent in Albion is $580 per month, which is $178 (30%) lower than Cedar Rapids.
St. Edward
St. Edward is about 12 miles east from Cedar Rapids. The real estate prices there are a little more expensive. The price of the median home in St. Edward is $86,300, which is $6,300 (7%) higher than Cedar Rapids. Rent there is a lot less expensive. St. Edward's median monthly rent is $488, which works out to $270 (55%) lower than Cedar Rapids.
Spalding
Spalding is about 12 miles northwest from Cedar Rapids. The housing prices there are significantly less expensive. The median home in Spalding is valued at $52,800, which comes out to $27,200 (51%) lower than Cedar Rapids. Rents there are a little less expensive. Spalding's median rent is $660 per month, which is $98 (14%) lower than Cedar Rapids.
Wolbach
Wolbach is roughly 15 miles southwest of Cedar Rapids. Its real estate prices are substantially less expensive. The median home in Wolbach costs $49,200, which is $30,800 (62%) lower than Cedar Rapids. Rents there are substantially less expensive. The median monthly rent in Wolbach is $425, which comes out to $333 (78%) lower than Cedar Rapids.
Fullerton
Fullerton is about 15 miles southeast of Cedar Rapids. Real estate prices there are a little less expensive. The median home price in Fullerton is $75,800, which comes out to $4,200 (5%) lower than Cedar Rapids. Rents there are a lot less expensive. In Fullerton the median rent is $553 per month, which works out to $205 (37%) lower than Cedar Rapids.
