Median Home PriceBETTER
$228,475.48
Median Rent
$1,071.84/mo
Price-to-Rent RatioBETTER
17.8
Property Tax RateTIE
1.53%
Price Change (1Y)BETTER
+3.5%
Price Change (5Y)BETTER
+17.4%
Break-Even YearsTIE
N/A
10-Year Wealth DifferenceBETTER
$121,784
Median Home Price
$233,631.16
Median RentBETTER
$1,060.07/mo
Price-to-Rent Ratio
18.4
Property Tax RateTIE
1.53%
Price Change (1Y)
+2.6%
Price Change (5Y)
+12.9%
Break-Even YearsTIE
N/A
10-Year Wealth Difference
$150,488
Key Differences
Home Prices
Cedar Rapids's median home price of $228,475.48 is lower than Davenport's $233,631.16 by 2%.
Monthly Rent
Renting in Cedar Rapids costs $1,071.84/mo compared to $1,060.07/mo in Davenport—a difference of $11.77/mo.
Buy vs Rent Verdict
Both cities currently favor renting.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.