The story of this market
The typical home in ZIP 52402 sells for about $210,000, or $169 per square foot.
Prices are up +2.5% 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 $1,054 a month.
ZIP 52402 — Cedar Rapids
The 52402 housing market remains stable with consistent demand for single-family homes and condos. Prices have seen modest year-over-year growth, driven by low inventory and steady interest from local buyers. The market is currently balanced, with moderate days on market and healthy sale-to-list ratios.
This ZIP is well-suited for families and first-time homebuyers seeking affordable housing options with convenient access to local amenities and employment centers.
Median prices moved up 2.5% 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 3.4% · poverty 9.1% — 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 4.2%/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 3.1%/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 52402 area are generally considered moderate, with property crime being the primary concern compared to national averages.
The area is served by the Cedar Rapids Community School District, which maintains a variety of public schools with generally stable performance ratings.
The region is subject to seasonal weather risks, including potential for severe thunderstorms and occasional flooding near the Cedar River basin.
Economic momentum is driven by a diverse mix of manufacturing, healthcare, and insurance sectors, with ongoing residential infill development in the northeast corridor.
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 primarily commute via I-380, providing direct access to downtown Cedar Rapids and major employment hubs in the surrounding metro area.
The ZIP features several local parks, proximity to the Cedar River trail system, and various neighborhood shopping centers along the First Avenue corridor.
The rental market is stable with moderate vacancy pressure, supported by a mix of multi-family complexes and single-family rental homes.
The economy is anchored by major employers in the insurance, food processing, and aerospace industries, providing a stable employment base.
The area is served by a network of arterial roads and is well-connected to the regional highway system, primarily I-380.
Development is focused on mixed-use revitalization and residential density improvements along major transit corridors.
The Linn County Assessor manages property valuations, with assessments updated periodically to reflect market conditions.
Parcels are subject to standard municipal and county tax levies, with no significant special district overlays reported.
Property insurance premiums are influenced by regional weather patterns, with standard coverage available for wind and storm damage.
Data retrieved from census.gov ZCTA-level tables.
- Bloomsbury Farm4.69.8 mi
- The Fun Station Cedar Rapids4.58.7 mi
- AirFX Trampoline Park4.62.8 mi
- Spare Time Cedar Rapids4.12.2 mi
- Trampoline Park4.11.2 mi
- Bloomsbury Farm4.69.8 mi
- Cedar Ridge Distillery4.712.8 mi
- NewBo City Market4.53.2 mi
- Alliant Energy Power House4.32.5 mi
- Pickle Palace4.42.8 mi
- Palisades-Kepler State Park4.711.1 mi
- Bloomsbury Farm4.69.8 mi
- Marcus Cedar Rapids Cinema4.41.2 mi
- Cedar Ridge Distillery4.712.8 mi
- The Fun Station Cedar Rapids4.58.7 mi
- National Czech & Slovak Museum & Library4.83.5 mi
- Cedar Rapids Museum of Art4.62.6 mi
- Brucemore4.72.2 mi
- Ushers Ferry Historic Village4.42.9 mi
- Veterans Memorial Building4.62.8 mi
- Palisades-Kepler State Park4.711.1 mi
- Bloomsbury Farm4.69.8 mi
- Morgan Creek Park4.75.7 mi
- Indian Creek Nature Center4.85.3 mi
- Pleasant Creek State Recreation Area4.510.1 mi
- Cedar Rapids Country Club4.82.2 mi
- Airport National Golf Course4.59.1 mi
- Ellis Park4.51.8 mi
- Hunters Ridge Golf Course4.25.9 mi
- Twin Pines Golf Course4.31.6 mi
- Lindale Mall3.92.1 mi
- Hy-Vee Grocery Store4.40.5 mi
- NewBo City Market4.53.2 mi
- Fleet Farm4.22.2 mi
- Hy-Vee Grocery Store4.34.1 mi
- Eastern Iowa Airport4.29.3 mi
- Eastern Iowa Airport4.69 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Extensive multi-use trail system for recreation.
Major regional retail hub serving the northeast side.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.