The story of this market
The typical home in ZIP 52323 sells for about $215,000, or $158 per square foot.
Prices are up +2.4% from a year ago, so sellers still have some momentum. Homes take about 35 days to sell. HUD's fair market rent for a two-bedroom is $739 a month.
ZIP 52323 — Oxford Junction
The housing market in ZIP 52402 remains stable with moderate price appreciation and consistent demand. Low inventory levels continue to support competitive conditions for buyers, while the local economy remains anchored by strong industrial and insurance sectors.
This ZIP code is well-suited for family buyers and first-time homeowners seeking affordability and proximity to employment hubs. It also attracts investors looking for stable rental yields in a consistent Midwestern market.
Median prices moved up 2.4% year over year.
Homes spend a median of 35 days on market with 3.2 months of supply — a fast-moving market.
15% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.2% · poverty 14.2% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 4.5%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 3.2%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 52402, Linn County IA
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Crime rates in the Cedar Rapids area are generally consistent with regional averages for mid-sized Midwestern cities, with property crime being more prevalent than violent crime. Local law enforcement maintains active community outreach programs to address neighborhood safety concerns.
The area is served by the Cedar Rapids Community School District, which offers a variety of public education options ranging from traditional neighborhood schools to specialized magnet programs. School quality is generally considered stable with ongoing efforts to improve student performance metrics.
The region is subject to seasonal weather risks, including severe thunderstorms and occasional flooding near the Cedar River corridor. Property insurance premiums reflect these regional climate risks, and flood insurance is recommended for properties in designated low-lying zones.
Cedar Rapids maintains a diverse economic base anchored by manufacturing, food processing, and insurance sectors. Infrastructure investments continue to focus on downtown revitalization and flood mitigation projects to support long-term economic stability.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Iowa) — Iowa Property Tax Assessment Limitation: The taxable value is determined by applying an assessment limitation (rollback) to the assessed market value. The limitation is calculated annually to restrict the growth in aggregate taxable value for the residential class to 3% statewide.
Residents in this ZIP code typically enjoy a straightforward commute to downtown Cedar Rapids via major arterial roads and highway corridors. Public transit options are available but limited, making personal vehicle ownership the primary mode of transportation.
The area features access to local parks, walking trails, and proximity to the Cedar River for outdoor activities. Shopping and dining options are concentrated along major commercial corridors within a short drive.
The rental market is active with steady demand driven by the local workforce and students. Vacancy rates remain low, and rent growth has been moderate, reflecting the broader affordability of the Cedar Rapids housing market.
The local economy is driven by major employers in the insurance, aerospace, and food processing industries. The area benefits from a stable labor market and a low cost of living compared to national averages.
The area is served by a network of state highways and local roads, providing connectivity to the broader Cedar Rapids metro area. Public transportation is provided by the Cedar Rapids Transit system.
Development efforts are currently focused on urban infill and the continued expansion of flood-resilient infrastructure. Zoning updates are periodically reviewed to encourage mixed-use development in key corridors.
The Linn County Assessor is responsible for the valuation of all taxable property within the county, following state-mandated assessment cycles.
Parcels in this ZIP are subject to levies from the Cedar Rapids Community School District and various municipal utility districts.
Property insurance remains available, though premiums are influenced by regional exposure to severe weather events and flood risk zones.
Data retrieved from data.census.gov for ZCTA 52402.
- Jackson County Iowa Fairgrounds4.417.3 mi
- Central Park4.712.8 mi
- Eden Valley County Refuge4.77.2 mi
- The Shops Above The Wapsi4.619.1 mi
- Central Park4.712.8 mi
- Eden Valley County Refuge4.77.2 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Extensive trail system for walking and cycling along the river.
Central hub for local restaurants, bars, and cultural venues.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.