Median Home PriceBETTER
$228,475.48
Median RentBETTER
$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
$274,733.81
Median Rent
$1,209.31/mo
Price-to-Rent Ratio
18.9
Property Tax RateTIE
1.53%
Price Change (1Y)
+1.9%
Price Change (5Y)
+9.3%
Break-Even YearsTIE
N/A
10-Year Wealth Difference
$195,035
Key Differences
Home Prices
Cedar Rapids's median home price of $228,475.48 is lower than Des Moines's $274,733.81 by 17%.
Monthly Rent
Renting in Cedar Rapids costs $1,071.84/mo compared to $1,209.31/mo in Des Moines—a difference of $137.47/mo.
Buy vs Rent Verdict
Both cities currently favor renting.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.