CEDAR RAPIDS Mortgage Rates & Closing Costs

30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

30 Year Fixed Rate mortgages in Cedar Rapids averaged 6.7% for the week of 2024-03-21, compared to the national average of 6.87% for the same period.

The average rate for the prior week (2024-03-14) was 6.17% and one month ago for the week of 2024-02-15, the average rate was 6.2%.

Cedar Rapids's average rate one year ago was 6.23%.

For refis of the same type during the week of 2024-03-21, the average rate was 7.11%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-03-21 6.87%
Cedar Rapids 30 Year Fixed Rate 2024-03-21 6.7%
Cedar Rapids 30 Year Fixed Rate Refi 2024-03-21 7.11%
Cedar Rapids 15 Year Fixed Rate 2024-03-21 6.76%
Cedar Rapids 15 Year Fixed Rate Refi 2024-03-21 6.41%
Cedar Rapids 30 Year FHA 2024-03-21 6.4%
Cedar Rapids 30 Year FHA Refi 2024-03-21 6.5%
Cedar Rapids 30 Year USDA 2024-03-21 6.57%
Cedar Rapids 30 Year USDA Refi 2024-03-21 6.77%
Cedar Rapids 30 Year VA 2024-03-21 6.6%
Cedar Rapids 30 Year VA Refi 2024-03-21 6.54%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within CEDAR RAPIDS, IA.

CEDAR RAPIDS Top Lenders by Rates & Fees

The below table looks at the consensus average rates and fees provided by each lender, for only loans originated in the CEDAR RAPIDS, IA market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
GREENSTATE CREDIT UNION 715 6.32% $1,939
Hills Bank and Trust Company 496 6.36% $1,926
Collins Community Credit Union 274 6.35% $2,035
VERIDIAN CREDIT UNION 147 6.57% $1,947
Ohnward Bank & Trust 87 6.60% $2,532
DUPACO COMMUNITY 82 6.09% $2,295
LINN AREA 78 6.45% $2,027
UNITED WHOLESALE MORTGAGE, LLC 76 7.20% $4,620
IOWA BANKERS MORTGAGE CORPORATION 71 6.24% $2,340
FLAT BRANCH MORTGAGE, INC. 53 6.62% $3,286
FIRST 47 6.17% $2,482
BROKER SOLUTIONS, INC. 44 6.97% $4,197
QUICKEN LOANS, LLC 44 6.90% $5,301
U.S. Bank 39 6.96% $2,831
RESIDENTIAL MORTGAGE NETWORK, INC. 32 6.77% $2,436
Wells Fargo Bank 29 7.19% $3,293
BankIowa of Cedar Rapids 25 6.37% $2,256
Fidelity Bank & Trust 21 6.61% $1,827
Waterstone Mortgage Corporation 21 6.50% $6,009
Bankers Trust Company 21 4.90% $1,994
DHI MORTGAGE COMPANY, LTD. 19 5.87% $3,393
MidWestOne Bank 17 6.60% $2,533
OPEN MORTGAGE, LLC 9 7.01% $7,300
Lincoln Savings Bank 8 6.50% $2,608
COMMUNITY 1ST CREDIT UNION 7 6.30% $2,441
GUILD MORTGAGE COMPANY 6 6.50% $4,388
PENNYMAC LOAN SERVICES, LLC 5 6.60% $5,256
AMERICAN PACIFIC MORTGAGE CORPORATION 4 6.50% $6,946
CBI Bank & Trust 4 6.72% $2,263
PRIMARY RESIDENTIAL MORTGAGE, INC. 4 7.28% $7,331
BMO Harris Bank 4 6.31% $4,540
CROSSCOUNTRY MORTGAGE, LLC 4 7.00% $4,622
Deere Employees Credit Union 4 4.84% $3,452
ROYAL UNITED MORTGAGE LLC 4 6.88% $5,544
LOANDEPOT.COM, LLC 4 6.66% $7,811
Servion, Inc. 4 6.81% $3,155
JPMorgan Chase Bank 4 6.63% $1,975
Bell Bank 3 6.29% $4,071
PNC Bank 3 6.21% $3,247
ZILLOW HOME LOANS, LLC 3 6.83% $4,522
Farm Credit Mid-America, ACA 3 6.83% $6,119
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 3 7.16% $5,079
Plains Commerce Bank 3 6.83% $3,021
COMPASS MORTGAGE, INC. 2 6.25% $6,237
CARDINAL FINANCIAL 2 6.19% $7,050
Citizens Bank 2 6.44% $2,032
DuTrac Community Credit Union 2 6.31% $2,733
Fortress Bank 2 5.75% $2,842
FREEDOM MORTGAGE CORPORATION 2 6.94% $4,544
Heartland Bank and Trust Company 2 6.35% $2,249
HOMESIDE FINANCIAL, LLC 2 7.69% $6,788
Midwest Heritage Bank FSB 2 6.44% $2,664
NAVY FEDERAL CREDIT UNION 2 6.94% $5,327
HSBC BANK USA, NATIONAL ASSOCIATION 1 5.87% $3,322
I. H. MISSISSIPPI VALLEY CREDIT UNION 1 6.88% $3,032
HOMESERVICES LENDING, LLC 1 7.25% $3,754
Ixonia Bank 1 6.63% $4,964
JMAC LENDING, INC. 1 6.75% $4,123
GUARANTEED RATE AFFINITY, LLC 1 6.88% $0
KELLER MORTGAGE, LLC 1 5.99% $3,583
GERSHMAN INVESTMENT CORP. 1 5.88% $3,284
Flagstar Bank, FSB 1 7.50% $2,983
First Interstate Bank 1 6.63% $2,543
Luana Savings Bank 1 5.88% $3,535
MEMBERS1st Community Credit Union 1 5.38% $3,642
WRIGHT-PATT CREDIT UNION, INC. 1 6.25% $2,481
Fifth Third Bank 1 6.25% $1,583
Morgan Stanley Private Bank 1 5.35% $2,589
Mortgage Research Center, LLC 1 6.75% $3,246
MOVEMENT MORTGAGE, LLC 1 6.99% $3,470
MUTUAL OF OMAHA MORTGAGE, INC. 1 6.75% $5,994
Nations Lending Corporation 1 7.13% $3,112
Ally Bank 1 6.38% $2,674
NEWREZ LLC 1 6.99% $6,132
Northpointe Bank 1 6.88% $3,936
EVERETT FINANCIAL, INC. 1 8.50% $3,702
DIGITAL Federal Credit Union 1 5.50% $1,763
CREDIT UNION MORTGAGE ASSOCIATION, INC. 1 6.13% $2,930
ALLIANT CREDIT UNION 1 6.63% $3,394
CIBM Bank 1 7.38% $2,992
PREMIA MORTGAGE, LLC 1 6.38% $0
Central Bank 1 6.25% $2,581
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 7.13% $3,578
Carrington Mortgage Services, LLC 1 6.63% $4,026
RESIDENTIAL BANCORP 1 6.99% $5,195
BOKF 1 8.00% $4,199
Barrington Bank & Trust Company, N.A. 1 6.75% $3,754
ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 7.50% $4,107
Stifel Bank and Trust 1 6.00% $2,212
SWBC MORTGAGE CORPORATION 1 7.13% $2,955
The Federal Savings Bank 1 7.00% $2,672
The Huntington National Bank 1 7.25% $1,958
Truist 1 6.80% $1,988
UBS Bank USA 1 5.50% $3,376
United Bank of Iowa 1 7.88% $2,651
AMERISAVE MORTGAGE CORPORATION 1 7.25% $9,215
AmeriHome Mortgage Company, LLC 1 8.38% $2,956
American National Bank 1 6.38% $4,232
AMERICAN FINANCING CORPORATION 1 6.99% $6,571
AMCAP MORTGAGE, LTD. 1 6.38% $3,632
West Gate Bank 1 6.75% $4,527
HOMESTEAD FUNDING CORP. 1 5.88% $3,404
HOMEXPRESS MORTGAGE CORP. 1 8.50% $6,947

CEDAR RAPIDS Average Closing Costs & Other Stats

CEDAR RAPIDS, IA's 103 lenders originated 7,202 loans during 2023. The total origination value was $1,118,330,000, with an average loan value of $155,280.

CEDAR RAPIDS's average closing costs are $2,613.

The top CEDAR RAPIDS lender as defined by loan originations is GREENSTATE CREDIT UNION, with 715 loans originated. Their average total fees are $1,939, which is $13 higher than the next largest lender, Hills Bank and Trust Company.

The lowest fee CEDAR RAPIDS lenders (with over 10 loans originated) are Fidelity Bank & Trust ($1,827), Hills Bank and Trust Company ($1,926), GREENSTATE CREDIT UNION ($1,939), VERIDIAN CREDIT UNION ($1,947) and Bankers Trust Company ($1,994).

The lowest rate CEDAR RAPIDS lenders (with over 10 loans originated) are Bankers Trust Company (4.90%), DHI MORTGAGE COMPANY, LTD. (5.87%), DUPACO COMMUNITY (6.09%), FIRST (6.17%) and IOWA BANKERS MORTGAGE CORPORATION (6.24%).

CEDAR RAPIDS, IA Mortgage Market Share & Volume

Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.

Name 2022 Loan Value 2023 Loan Value % Change 2023 Market Share
Hills Bank and Trust Company $232,050,000 $227,335,000 -2.0% 20.3%
GREENSTATE CREDIT UNION $371,860,000 $223,935,000 -39.8% 20.0%
Collins Community Credit Union $154,140,000 $71,755,000 -53.4% 6.4%
VERIDIAN CREDIT UNION $73,350,000 $46,290,000 -36.9% 4.1%
Cedar Rapids Bank and Trust Company $65,745,000 $37,350,000 -43.2% 3.3%
UNITED WHOLESALE MORTGAGE, LLC $33,505,000 $31,760,000 -5.2% 2.8%
DUPACO COMMUNITY $38,770,000 $29,175,000 -24.7% 2.6%
Ohnward Bank & Trust $33,480,000 $27,865,000 -16.8% 2.5%
RESIDENTIAL MORTGAGE NETWORK, INC. $13,995,000 $20,025,000 43.1% 1.8%
QUICKEN LOANS, LLC $32,260,000 $19,135,000 -40.7% 1.7%
LINN AREA $41,910,000 $18,825,000 -55.1% 1.7%
BROKER SOLUTIONS, INC. $16,950,000 $18,560,000 9.5% 1.7%
Farmers State Bank $14,170,000 $18,005,000 27.1% 1.6%
IOWA BANKERS MORTGAGE CORPORATION $24,420,000 $17,735,000 -27.4% 1.6%
Mount Vernon Bank and Trust Company $25,160,000 $15,190,000 -39.6% 1.4%
FLAT BRANCH MORTGAGE, INC. $14,860,000 n/a 1.3%
U.S. Bank $36,065,000 $14,705,000 -59.2% 1.3%
FIRST $30,195,000 $14,115,000 -53.3% 1.3%
Community Savings Bank $15,400,000 $13,220,000 -14.2% 1.2%
Central Bank $550,000 $12,530,000 2,178.2% 1.1%
Bankers Trust Company $27,725,000 $10,765,000 -61.2% 1.0%
OPEN MORTGAGE, LLC $12,070,000 $10,675,000 -11.6% 1.0%
Mortgage Research Center, LLC $13,800,000 $10,220,000 -25.9% 0.9%
CEDAR VALLEY BANK & TRUST $9,965,000 n/a 0.9%
BankIowa of Cedar Rapids $18,520,000 $9,715,000 -47.5% 0.9%
DHI MORTGAGE COMPANY, LTD. $945,000 $9,310,000 885.2% 0.8%
Wells Fargo Bank $22,555,000 $8,770,000 -61.1% 0.8%
MidWestOne Bank $9,125,000 $7,480,000 -18.0% 0.7%
Farmers & Merchants Savings Bank $9,420,000 $6,500,000 -31.0% 0.6%
Waterstone Mortgage Corporation $10,845,000 $6,160,000 -43.2% 0.6%
Centier Bank $50,000 $5,490,000 10,880.0% 0.5%
Hiawatha Bank and Trust $5,320,000 n/a 0.5%
Fidelity Bank & Trust $8,230,000 $5,290,000 -35.7% 0.5%
PRIMARY RESIDENTIAL MORTGAGE, INC. $4,690,000 n/a 0.4%
GUILD MORTGAGE COMPANY $2,715,000 $4,420,000 62.8% 0.4%
Citizens State Bank $9,240,000 $3,745,000 -59.5% 0.3%
TOWNE MORTGAGE COMPANY $935,000 $3,485,000 272.7% 0.3%
Fairfax State Savings Bank $3,065,000 n/a 0.3%
COMMUNITY 1ST CREDIT UNION $3,330,000 $2,785,000 -16.4% 0.2%
BMO Harris Bank $1,000,000 $2,735,000 173.5% 0.2%
PENNYMAC LOAN SERVICES, LLC $5,080,000 $2,620,000 -48.4% 0.2%
AMERICAN PACIFIC MORTGAGE CORPORATION $1,305,000 $2,610,000 100.0% 0.2%
FREEDOM MORTGAGE CORPORATION $5,890,000 $2,610,000 -55.7% 0.2%
Servion, Inc. $4,990,000 $2,610,000 -47.7% 0.2%
HOMESERVICES LENDING, LLC $3,600,000 $2,595,000 -27.9% 0.2%
CARDINAL FINANCIAL $3,020,000 $2,400,000 -20.5% 0.2%
Lincoln Savings Bank $1,300,000 $2,185,000 68.1% 0.2%
LOANDEPOT.COM, LLC $4,985,000 $2,145,000 -57.0% 0.2%
Plains Commerce Bank $745,000 $2,050,000 175.2% 0.2%
Bridge Community Bank $1,945,000 n/a 0.2%
Farm Credit Mid-America, ACA $1,545,000 $1,865,000 20.7% 0.2%
NAVY FEDERAL CREDIT UNION $2,010,000 $1,800,000 -10.4% 0.2%
CBI Bank & Trust $1,790,000 $1,770,000 -1.1% 0.2%
Farmers Savings Bank & Trust $1,720,000 n/a 0.2%
Deere Employees Credit Union $1,580,000 $1,610,000 1.9% 0.1%
The Federal Savings Bank $500,000 $1,590,000 218.0% 0.1%
NEWREZ LLC $2,785,000 $1,565,000 -43.8% 0.1%
Washington State Bank $2,895,000 $1,530,000 -47.2% 0.1%
Chelsea Savings Bank $1,475,000 n/a 0.1%
Ally Bank $1,040,000 $1,335,000 28.4% 0.1%
21ST MORTGAGE CORPORATION $225,000 $1,330,000 491.1% 0.1%
Kerndt Brothers Savings Bank $2,375,000 $1,330,000 -44.0% 0.1%
CROSSCOUNTRY MORTGAGE, LLC $145,000 $1,295,000 793.1% 0.1%
AMERISAVE MORTGAGE CORPORATION $3,760,000 $1,250,000 -66.8% 0.1%
JPMorgan Chase Bank $3,160,000 $1,110,000 -64.9% 0.1%
PNC Bank $540,000 $1,050,000 94.4% 0.1%
USAA Federal Savings Bank $2,650,000 $1,045,000 -60.6% 0.1%
ROYAL UNITED MORTGAGE LLC $265,000 $1,005,000 279.2% 0.1%
HOMESIDE FINANCIAL, LLC $990,000 $955,000 -3.5% 0.1%
Barrington Bank & Trust Company, N.A. $880,000 $910,000 3.4% 0.1%
GUARANTEED RATE AFFINITY, LLC $420,000 $860,000 104.8% 0.1%
Midwest Heritage Bank FSB $350,000 $830,000 137.1% 0.1%
Carrington Mortgage Services, LLC $3,310,000 $815,000 -75.4% 0.1%
Bell Bank $370,000 $725,000 95.9% 0.1%
HOMESTEAD FUNDING CORP. $725,000 n/a 0.1%
Morgan Stanley Private Bank $515,000 $725,000 40.8% 0.1%
Figure Lending LLC $530,000 $710,000 34.0% 0.1%
AMERICAN FINANCIAL NETWORK, INC. $705,000 n/a 0.1%
The Huntington National Bank $690,000 n/a 0.1%
Citizens Bank $4,295,000 $685,000 -84.1% 0.1%
MUTUAL OF OMAHA MORTGAGE, INC. $1,085,000 $665,000 -38.7% 0.1%
Northpointe Bank $395,000 $665,000 68.4% 0.1%
AMERICAN FINANCING CORPORATION $1,145,000 $635,000 -44.5% 0.1%
DuTrac Community Credit Union $2,545,000 $625,000 -75.4% 0.1%
Mr. Cooper ( Nationstar Mortgage ) $5,390,000 $625,000 -88.4% 0.1%
AMCAP MORTGAGE, LTD. $1,360,000 $585,000 -57.0% 0.1%
ALLIANT $4,235,000 $580,000 -86.3% 0.1%
AIR ACADEMY $575,000 n/a 0.1%
COMPASS MORTGAGE, INC. $115,000 $555,000 382.6% 0.0%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $2,045,000 $540,000 -73.6% 0.0%
AmeriHome Mortgage Company, LLC $205,000 $530,000 158.5% 0.0%
BANKORION $215,000 $530,000 146.5% 0.0%
GNB Bank $1,025,000 $520,000 -49.3% 0.0%
Ixonia Bank $505,000 n/a 0.0%
Luana Savings Bank $975,000 $505,000 -48.2% 0.0%
EVERETT FINANCIAL, INC. $555,000 $500,000 -9.9% 0.0%
GERSHMAN INVESTMENT CORP. $485,000 n/a 0.0%
GUARANTEED RATE, INC. $1,215,000 $455,000 -62.6% 0.0%
ZILLOW HOME LOANS, LLC $275,000 $455,000 65.5% 0.0%
TRIAD FINANCIAL SERVICES, INC. $495,000 $450,000 -9.1% 0.0%
GREATER IOWA CREDIT UNION $145,000 $445,000 206.9% 0.0%
Paramount Residential Mortgage Group, Inc. $445,000 n/a 0.0%
PLAZA HOME MORTGAGE, INC. $125,000 $445,000 256.0% 0.0%
KELLER MORTGAGE, LLC $175,000 $440,000 151.4% 0.0%
CHURCHILL MORTGAGE CORPORATION $630,000 $430,000 -31.7% 0.0%
GENEVA FINANCIAL, LLC $235,000 $430,000 83.0% 0.0%
MORTGAGE SOLUTIONS OF COLORADO, LLC $185,000 $430,000 132.4% 0.0%
PREMIA MORTGAGE, LLC $425,000 n/a 0.0%
HSBC BANK USA, NATIONAL ASSOCIATION $395,000 n/a 0.0%
Northeast Security Bank $395,000 n/a 0.0%
First Interstate Bank $55,000 $375,000 581.8% 0.0%
MOVEMENT MORTGAGE, LLC $1,430,000 $375,000 -73.8% 0.0%
NATIONWIDE MORTGAGE BANKERS, INC. $240,000 $375,000 56.3% 0.0%
First Savings Bank $365,000 n/a 0.0%
M&T Bank $135,000 $365,000 170.4% 0.0%
Coastal Community Bank $355,000 n/a 0.0%
Keystone Savings Bank $995,000 $355,000 -64.3% 0.0%
TJC Mortgage, Inc. $355,000 n/a 0.0%
The Readlyn Savings Bank $350,000 n/a 0.0%
DIGITAL Federal Credit Union $345,000 n/a 0.0%
UNIVERSAL LENDING CORPORATION $2,400,000 $340,000 -85.8% 0.0%
First Federal Bank $335,000 n/a 0.0%
UBS Bank USA $305,000 n/a 0.0%
EMM LOANS LLC $300,000 n/a 0.0%
PLANET HOME LENDING, LLC $295,000 n/a 0.0%
FINANCE OF AMERICA REVERSE LLC $290,000 n/a 0.0%
Fortress Bank $625,000 $290,000 -53.6% 0.0%
ARK-LA-TEX FINANCIAL SERVICES, LLC. $775,000 $280,000 -63.9% 0.0%
HOMEXPRESS MORTGAGE CORP. $280,000 n/a 0.0%
I. H. MISSISSIPPI VALLEY CREDIT UNION $660,000 $280,000 -57.6% 0.0%
Stifel Bank and Trust $255,000 $275,000 7.8% 0.0%
American Mortgage & Equity Consultants, Inc. $265,000 n/a 0.0%
Flagstar Bank, FSB $2,110,000 $265,000 -87.4% 0.0%
SWBC MORTGAGE CORPORATION $265,000 n/a 0.0%
West Gate Bank $260,000 $265,000 1.9% 0.0%
POLARIS HOME FUNDING CORP. $260,000 n/a 0.0%
American National Bank $255,000 n/a 0.0%
Farmers National Bank $255,000 n/a 0.0%
Heartland Bank and Trust Company $830,000 $255,000 -69.3% 0.0%
Magnolia Bank $245,000 $255,000 4.1% 0.0%
United Bank of Iowa $235,000 n/a 0.0%
NEW DAY FINANCIAL, LLC $1,495,000 $230,000 -84.6% 0.0%
BOKF $155,000 $205,000 32.3% 0.0%
CIBM Bank $205,000 n/a 0.0%
American State Bank $195,000 n/a 0.0%
LIBERTY HOME MORTGAGE CORPORATION $165,000 $195,000 18.2% 0.0%
Century Mortgage Company DBA Century Lending Company $185,000 n/a 0.0%
Equity Prime Mortgage LLC $1,330,000 $185,000 -86.1% 0.0%
Regions Bank $805,000 $185,000 -77.0% 0.0%
RESIDENTIAL BANCORP $185,000 n/a 0.0%
Bank of the West $3,045,000 $175,000 -94.3% 0.0%
LAKEVIEW LOAN SERVICING, LLC $1,615,000 $175,000 -89.2% 0.0%
Nations Lending Corporation $115,000 $175,000 52.2% 0.0%
THOMPSON KANE & COMPANY, LLC $1,440,000 $175,000 -87.8% 0.0%
Fifth Third Bank $165,000 n/a 0.0%
Bank of America $1,815,000 $160,000 -91.2% 0.0%
CALIBER HOME LOANS, INC. $935,000 $155,000 -83.4% 0.0%
NATIONS RELIABLE LENDING, LLC $225,000 $155,000 -31.1% 0.0%
CMG MORTGAGE, INC. $660,000 $150,000 -77.3% 0.0%
MEMBERS1st Community Credit Union $130,000 $145,000 11.5% 0.0%
Truist $35,000 $145,000 314.3% 0.0%
VILLAGE CAPITAL MORTGAGE $1,160,000 $145,000 -87.5% 0.0%
Denver Savings Bank $135,000 n/a 0.0%
Farmers State Bank $14,170,000 $135,000 -99.0% 0.0%
JMAC LENDING, INC. $135,000 n/a 0.0%
Central State Bank $2,370,000 $130,000 -94.5% 0.0%
PRIMELENDING, A PLAINSCAPITAL COMPANY $385,000 $125,000 -67.5% 0.0%
CITY FIRST MORTGAGE SERVICES, L.L.C. $115,000 n/a 0.0%
ALLIANT CREDIT UNION $105,000 n/a 0.0%
CREDIT UNION MORTGAGE ASSOCIATION, INC. $95,000 n/a 0.0%
PENTAGON FEDERAL CREDIT UNION $195,000 $95,000 -51.3% 0.0%
Raccoon Valley Bank $95,000 n/a 0.0%
MARINE $445,000 $90,000 -79.8% 0.0%
WRIGHT-PATT CREDIT UNION, INC. $85,000 n/a 0.0%
Community State Bank $65,000 n/a 0.0%
MAYO EMPLOYEES FEDERAL CREDIT UNION $65,000 n/a 0.0%
SPRING EQ, LLC $130,000 $65,000 -50.0% 0.0%
STAR USA FEDERAL CREDIT UNION $65,000 n/a 0.0%
Grinnell State Bank $55,000 n/a 0.0%
HOMEBRIDGE FINANCIAL SERVICES, INC. $485,000 $55,000 -88.7% 0.0%
Mound City Bank $55,000 n/a 0.0%
CEDAR FALLS COMMUNITY CREDIT UNION $285,000 $35,000 -87.7% 0.0%
Think Mutual Bank $35,000 n/a 0.0%
CREDIT HUMAN FEDERAL CREDIT UNION $255,000 $25,000 -90.2% 0.0%
Northwest Bank $445,000 $25,000 -94.4% 0.0%
Third Federal Savings and Loan Association of Cleveland $25,000 n/a 0.0%

CEDAR RAPIDS's top lender by overall market share is Hills Bank and Trust Company, with 20.3% market share. In second place, with 20.0%, is GREENSTATE CREDIT UNION, having originated $223,935,000 in loans. In third place, with 6.4%, is Collins Community Credit Union, having originated $71,755,000 in loans. In fourth place, with 4.1%, is VERIDIAN CREDIT UNION, having originated $46,290,000 in loans. In fifth place, with 3.3%, is Cedar Rapids Bank and Trust Company, having originated $37,350,000 in loans.


CEDAR RAPIDS Housing Market Trends (Median, Average Prices & Listing Count)

Realtor.com - CEDAR RAPIDS (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
2018-01-01 $189,913 (7.6%) $277,174 (11.1%) 0.70 838
2018-02-01 $192,450 (7.5%) $240,410 (-4.6%) 0.70 730
2018-03-01 $199,525 (9.8%) $243,423 (-8.3%) 0.70 664
2018-04-01 $204,400 (12.0%) $244,657 (-8.6%) 0.69 697
2018-05-01 $213,900 (15.8%) $255,685 (-5.4%) 0.71 700
2018-06-01 $205,000 (9.0%) $252,089 (-7.6%) 0.68 777
2018-07-01 $196,450 (7.4%) $243,964 (-9.2%) 0.66 859
2018-08-01 $193,150 (4.5%) $242,007 (-9.7%) 0.65 937
2018-09-01 $190,000 (4.4%) $238,235 (-9.7%) 0.64 977
2018-10-01 $190,000 (5.7%) $234,949 (-10.5%) 0.64 1,015
2018-11-01 $196,350 (6.7%) $237,340 (-10.5%) 0.67 1,008
2018-12-01 $200,000 (5.9%) $237,719 (-11.9%) 0.69 895
2019-01-01 $205,000 (7.9%) $240,232 (-13.3%) 0.71 799
2019-02-01 $215,000 (11.7%) $243,669 (1.4%) 0.73 755
2019-03-01 $219,286 (9.9%) $250,371 (2.9%) 0.72 751
2019-04-01 $224,950 (10.1%) $256,413 (4.8%) 0.71 771
2019-05-01 $224,900 (5.1%) $264,607 (3.5%) 0.70 843
2019-06-01 $229,950 (12.2%) $268,265 (6.4%) 0.72 883
2019-07-01 $229,950 (17.1%) $265,820 (9.0%) 0.72 920
2019-08-01 $225,070 (16.5%) $258,291 (6.7%) 0.71 977
2019-09-01 $217,676 (14.6%) $250,590 (5.2%) 0.70 1,005
2019-10-01 $212,685 (11.9%) $245,380 (4.4%) 0.69 1,018
2019-11-01 $209,900 (6.9%) $241,664 (1.8%) 0.69 977
2019-12-01 $206,500 (3.3%) $233,876 (-1.6%) 0.69 883
2020-01-01 $205,000 (0.0%) $231,327 (-3.7%) 0.69 830
2020-02-01 $214,975 (0.0%) $234,578 (-3.7%) 0.70 783
2020-03-01 $218,750 (-0.2%) $239,510 (-4.3%) 0.69 752
2020-04-01 $222,450 (-1.1%) $241,546 (-5.8%) 0.70 780
2020-05-01 $234,900 (4.5%) $255,680 (-3.4%) 0.71 731
2020-06-01 $234,900 (2.2%) $259,427 (-3.3%) 0.69 688
2020-07-01 $234,900 (2.2%) $258,495 (-2.8%) 0.68 654
2020-08-01 $225,000 (0.0%) $250,512 (-3.0%) 0.64 611
2020-09-01 $223,725 (2.8%) $244,849 (-2.3%) 0.64 561
2020-10-01 $219,900 (3.4%) $255,093 (4.0%) 0.63 546
2020-11-01 $213,750 (1.8%) $254,043 (5.1%) 0.63 500
2020-12-01 $210,000 (1.7%) $247,311 (5.7%) 0.62 429
2021-01-01 $210,000 (2.4%) $251,430 (8.7%) 0.63 360
2021-02-01 $232,925 (8.4%) $264,789 (12.9%) 0.68 314
2021-03-01 $234,900 (7.4%) $267,313 (11.6%) 0.67 308
2021-04-01 $227,000 (2.1%) $263,901 (9.3%) 0.61 314
2021-05-01 $239,900 (2.1%) $277,518 (8.5%) 0.64 340
2021-06-01 $219,975 (-6.4%) $269,512 (3.9%) 0.58 364
2021-07-01 $215,000 (-8.5%) $264,455 (2.3%) 0.57 401
2021-08-01 $211,250 (-6.1%) $257,407 (2.8%) 0.56 468
2021-09-01 $217,450 (-2.8%) $257,807 (5.3%) 0.58 490
2021-10-01 $219,900 (0.0%) $266,713 (4.6%) 0.59 525
2021-11-01 $232,475 (8.8%) $274,597 (8.1%) 0.62 487
2021-12-01 $236,500 (12.6%) $281,752 (13.9%) 0.64 434
2022-01-01 $249,725 (18.9%) $285,580 (13.6%) 0.68 375
2022-02-01 $259,675 (11.5%) $296,854 (12.1%) 0.68 300
2022-03-01 $290,575 (23.7%) $318,937 (19.3%) 0.73 278
2022-04-01 $299,000 (31.7%) $338,957 (28.4%) 0.71 301
2022-05-01 $312,475 (30.3%) $339,297 (22.3%) 0.71 398
2022-06-01 $299,950 (36.4%) $321,314 (19.2%) 0.67 458
2022-07-01 $280,000 (30.2%) $313,307 (18.5%) 0.63 553
2022-08-01 $274,426 (29.9%) $307,807 (19.6%) 0.63 582
2022-09-01 $292,813 (34.7%) $313,671 (21.7%) 0.68 596
2022-10-01 $289,950 (31.9%) $317,507 (19.0%) 0.68 625
2022-11-01 $270,588 (16.4%) $301,256 (9.7%) 0.65 666
2022-12-01 $279,000 (18.0%) $309,703 (9.9%) 0.69 617
2023-01-01 $299,900 (20.1%) $321,083 (12.4%) 0.74 538
2023-02-01 $317,111 (22.1%) $329,620 (11.0%) 0.77 496
2023-03-01 $334,900 (15.3%) $340,099 (6.6%) 0.79 484
2023-04-01 $335,000 (12.0%) $346,898 (2.3%) 0.78 482
2023-05-01 $339,548 (8.7%) $349,335 (3.0%) 0.77 493
2023-06-01 $339,945 (13.3%) $354,663 (10.4%) 0.76 519
2023-07-01 $325,000 (16.1%) $342,036 (9.2%) 0.74 540
2023-08-01 $312,500 (13.9%) $334,564 (8.7%) 0.72 550
2023-09-01 $286,450 (-2.2%) $316,615 (0.9%) 0.67 599
2023-10-01 $275,000 (-5.2%) $307,924 (-3.0%) 0.65 654
2023-11-01 $273,725 (1.2%) $308,213 (2.3%) 0.65 645
2023-12-01 $275,000 (-1.4%) $307,283 (-0.8%) 0.67 614
2024-01-01 $277,450 (-7.5%) $310,526 (-3.3%) 0.68 551
2024-02-01 $295,625 (-6.8%) $319,147 (-3.2%) 0.71 533
CEDAR RAPIDS's median listing price for 2024-02-01 was $295,625, a difference of $-21,486 (-6.8%) versus the prior year and $18,175 versus the prior month.

CEDAR RAPIDS's median listing price comes in at 71% of the national average.

CEDAR RAPIDS's average listing price for 2024-02-01 was $319,147, a difference of $-10,473 (-3.2%) versus the prior year and $8,621 versus the prior month.

For the 2024-02-01 period, CEDAR RAPIDS had 533 MLS listings, a difference of -18 listings (-3%) versus the prior month and 37 listings (7%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - CEDAR RAPIDS (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 79 days 1,839 sqft
2018-02-01 75 days 1,849 sqft
2018-03-01 53 days 1,834 sqft
2018-04-01 36 days 1,796 sqft
2018-05-01 38 days 1,825 sqft
2018-06-01 38 days 1,786 sqft
2018-07-01 42 days 1,778 sqft
2018-08-01 43 days 1,789 sqft
2018-09-01 50 days 1,798 sqft
2018-10-01 53 days 1,805 sqft
2018-11-01 58 days 1,818 sqft
2018-12-01 67 days 1,814 sqft
2019-01-01 73 days 1,808 sqft
2019-02-01 73 days 1,781 sqft
2019-03-01 57 days 1,822 sqft
2019-04-01 37 days 1,879 sqft
2019-05-01 37 days 1,907 sqft
2019-06-01 43 days 1,948 sqft
2019-07-01 45 days 1,893 sqft
2019-08-01 48 days 1,808 sqft
2019-09-01 54 days 1,775 sqft
2019-10-01 58 days 1,754 sqft
2019-11-01 66 days 1,707 sqft
2019-12-01 74 days 1,687 sqft
2020-01-01 74 days 1,687 sqft
2020-02-01 61 days 1,687 sqft
2020-03-01 51 days 1,687 sqft
2020-04-01 46 days 1,718 sqft
2020-05-01 56 days 1,714 sqft
2020-06-01 55 days 1,729 sqft
2020-07-01 52 days 1,703 sqft
2020-08-01 56 days 1,705 sqft
2020-09-01 64 days 1,687 sqft
2020-10-01 53 days 1,646 sqft
2020-11-01 63 days 1,623 sqft
2020-12-01 72 days 1,600 sqft
2021-01-01 85 days 1,581 sqft
2021-02-01 63 days 1,585 sqft
2021-03-01 48 days 1,604 sqft
2021-04-01 30 days 1,628 sqft
2021-05-01 25 days 1,660 sqft
2021-06-01 24 days 1,627 sqft
2021-07-01 29 days 1,652 sqft
2021-08-01 28 days 1,613 sqft
2021-09-01 32 days 1,608 sqft
2021-10-01 33 days 1,616 sqft
2021-11-01 40 days 1,609 sqft
2021-12-01 53 days 1,587 sqft
2022-01-01 66 days 1,571 sqft
2022-02-01 69 days 1,553 sqft
2022-03-01 49 days 1,570 sqft
2022-04-01 23 days 1,720 sqft
2022-05-01 18 days 1,690 sqft
2022-06-01 25 days 1,702 sqft
2022-07-01 25 days 1,660 sqft
2022-08-01 41 days 1,646 sqft
2022-09-01 46 days 1,652 sqft
2022-10-01 43 days 1,705 sqft
2022-11-01 46 days 1,679 sqft
2022-12-01 66 days 1,660 sqft
2023-01-01 79 days 1,669 sqft
2023-02-01 65 days 1,663 sqft
2023-03-01 54 days 1,643 sqft
2023-04-01 45 days 1,672 sqft
2023-05-01 49 days 1,719 sqft
2023-06-01 43 days 1,769 sqft
2023-07-01 36 days 1,880 sqft
2023-08-01 38 days 1,800 sqft
2023-09-01 40 days 1,735 sqft
2023-10-01 40 days 1,730 sqft
2023-11-01 47 days 1,715 sqft
2023-12-01 54 days 1,721 sqft
2024-01-01 66 days 1,700 sqft
2024-02-01 61 days 1,738 sqft
CEDAR RAPIDS's median listing age (time on market) for 2024-02-01 was 61 days. This is -7% shorter than the same period one year ago.

CEDAR RAPIDS's median square footage for active listings during the 2024-02-01 period was 1,738 sqft. One year prior, the average listing was 1,663 sqft.

CEDAR RAPIDS, IA Average Rent (2023)

Zoom/scroll map to see average rent by zip code. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results.

For additional perspective within a market, below is information regarding the average rents (as defined by HUD) for zip codes within the metro area. Descriptive statistics (average, median) are shown below the table.
Zip Code Metro Studio Apartment Rent 1BR Apartment Rent 2BR Apartment Rent 3BR Apartment Rent 4BR Apartment Rent
52202 Cedar Rapids, IA HUD Metro FMR Area $600 $680 $890 $1,270 $1,510
52205 Cedar Rapids, IA HUD Metro FMR Area $600 $680 $890 $1,190 $1,230
52213 Cedar Rapids, IA HUD Metro FMR Area $740 $840 $1,100 $1,560 $1,850
52214 Cedar Rapids, IA HUD Metro FMR Area $530 $600 $800 $1,130 $1,350
52218 Cedar Rapids, IA HUD Metro FMR Area $530 $600 $800 $1,130 $1,350
52219 Cedar Rapids, IA HUD Metro FMR Area $530 $600 $800 $1,130 $1,350
52227 Cedar Rapids, IA HUD Metro FMR Area $690 $770 $960 $1,360 $1,640
52228 Cedar Rapids, IA HUD Metro FMR Area $920 $1,050 $1,380 $1,960 $2,350
52233 Cedar Rapids, IA HUD Metro FMR Area $620 $700 $920 $1,310 $1,570
52253 Cedar Rapids, IA HUD Metro FMR Area $690 $770 $960 $1,360 $1,640
52302 Cedar Rapids, IA HUD Metro FMR Area $570 $650 $850 $1,210 $1,450
52305 Cedar Rapids, IA HUD Metro FMR Area $530 $600 $800 $1,060 $1,230
52310 Cedar Rapids, IA HUD Metro FMR Area $530 $600 $800 $1,060 $1,230
52314 Cedar Rapids, IA HUD Metro FMR Area $690 $770 $960 $1,360 $1,640
52324 Cedar Rapids, IA HUD Metro FMR Area $850 $960 $1,260 $1,780 $2,120
52328 Cedar Rapids, IA HUD Metro FMR Area $920 $1,050 $1,380 $1,960 $2,350
52332 Cedar Rapids, IA HUD Metro FMR Area $680 $680 $900 $1,210 $1,280
52333 Cedar Rapids, IA HUD Metro FMR Area $690 $780 $960 $1,360 $1,640
52336 Cedar Rapids, IA HUD Metro FMR Area $630 $710 $940 $1,340 $1,600
52338 Cedar Rapids, IA HUD Metro FMR Area $690 $770 $960 $1,360 $1,640
52341 Cedar Rapids, IA HUD Metro FMR Area $710 $810 $1,060 $1,510 $1,790
52344 Cedar Rapids, IA HUD Metro FMR Area $620 $700 $920 $1,310 $1,570
52351 Cedar Rapids, IA HUD Metro FMR Area $580 $600 $800 $1,090 $1,230
52352 Cedar Rapids, IA HUD Metro FMR Area $540 $600 $800 $1,120 $1,320
52401 Cedar Rapids, IA HUD Metro FMR Area $550 $630 $830 $1,180 $1,410
52402 Cedar Rapids, IA HUD Metro FMR Area $670 $760 $1,000 $1,420 $1,700
52403 Cedar Rapids, IA HUD Metro FMR Area $600 $680 $890 $1,260 $1,520
52404 Cedar Rapids, IA HUD Metro FMR Area $690 $770 $960 $1,360 $1,640
52405 Cedar Rapids, IA HUD Metro FMR Area $700 $790 $1,040 $1,480 $1,770
52406 Cedar Rapids, IA HUD Metro FMR Area $620 $700 $920 $1,310 $1,570
52408 Cedar Rapids, IA HUD Metro FMR Area $620 $700 $920 $1,310 $1,570
52409 Cedar Rapids, IA HUD Metro FMR Area $620 $700 $920 $1,310 $1,570
52410 Cedar Rapids, IA HUD Metro FMR Area $620 $700 $920 $1,310 $1,570
52411 Cedar Rapids, IA HUD Metro FMR Area $760 $860 $1,130 $1,600 $1,910
52498 Cedar Rapids, IA HUD Metro FMR Area $620 $700 $920 $1,310 $1,570

2022 Average & Median Rent Data Statistics
CEDAR RAPIDS, IA average 1BR rent: $730, median: $700
CEDAR RAPIDS, IA average 2BR rent: $953, median: $920
CEDAR RAPIDS, IA average 3BR rent: $1,342, median: $1,310

CEDAR RAPIDS, IA Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 4,448 $841,770,000 $189,247
Refi 740 $112,790,000 $152,419
Home Improvement 727 $51,435,000 $70,750
Other 680 $42,390,000 $62,338
Cash Out Refi 607 $69,945,000 $115,231

Cedar Rapids's most frequently cited loan purpose was Home Purchase, with 4,448 originations. The 2nd most popular reason was Refi, with 740 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
6-7% 2,417 $436,075,000 $180,420
7-8% 1,594 $212,730,000 $133,457
5-6% 1,161 $232,805,000 $200,521
Over 8% 1,100 $72,110,000 $65,555
<2.5% 70 $2,100,000 $30,000
4-5% 59 $12,115,000 $205,339
3-4% 34 $19,220,000 $565,294
2.5-3% 8 $970,000 $121,250

During 2023, Cedar Rapids's most frequently originated rate bucket was 6-7%, with 2,417 originations.

Loan Sizing (CEDAR RAPIDS, IA MSA)

Loan Size Originations Total Value Average Loan
$100,000 or less 3,036 $143,360,000 $47,220
$100k-200k 2,452 $361,780,000 $147,545
$200k-400k 1,442 $390,410,000 $270,742
$400k-600k 186 $87,400,000 $469,892
$600k-1000k 55 $38,405,000 $698,273
$Over $1MM 31 $96,975,000 $3,128,226

CEDAR RAPIDS's loan sizing saw the bucket of loans from $100,000 or less with 3,036 originations, totaling $143,360,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 2,301 $501,835,000 $218,094
Under 20% 1,396 $46,030,000 $32,973
60-80% 1,263 $261,265,000 $206,861
20-40% 936 $78,100,000 $83,440
40-60% 439 $77,685,000 $176,959
Over 100% 41 $10,785,000 $263,049

CEDAR RAPIDS's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 2,301 originations, totaling $501,835,000 in origination value.