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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Cedar Falls, IA Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Cedar Falls, IA Housing Market Trends

With 40,746 people, 15,446 houses or apartments, and a median cost of homes of $305,422, Cedar Falls real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Cedar Falls, accounting for 60.54% of the city's housing units. Other types of housing that are prevalent in Cedar Falls include large apartment complexes or high rise apartments ( 21.70%), duplexes, homes converted to apartments or other small apartment buildings ( 7.43%), and a few row houses and other attached homes ( 6.92%).

The most prevalent building size and type in Cedar Falls are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 57.28% owning and 42.72% renting.

There is a lot of housing in Cedar Falls built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Cedar Falls built between 1940-1969 ( 27.69%). A lesser amount of the housing stock also hails from between 2000 and later ( 22.71%). There's also some housing in Cedar Falls built before 1939 ( 14.18%).

Cedar Falls Home Appreciation Rates

Some of the lowest real estate appreciation rates in America over the last ten years have been in Cedar Falls, where house values have increased just 50.22%, which is annualized rate of 4.15%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.

NeighborhoodScout's data show that during the latest twelve months, Cedar Falls's appreciation rate, at 6.94%, has been at or slightly above the national average. In the latest quarter, Cedar Falls's appreciation rate has been 0.64%, which annualizes to a rate of 2.58%.

Relative to Iowa, our data show that Cedar Falls's latest annual appreciation rate is higher than 50% of the other cities and towns in Iowa.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Cedar Falls differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Cedar Falls - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Cedar Falls real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$305,422

Cedar Falls, IA Home Prices
> $1,325,000
$994,001 - $1,325,000
$663,001 - $994,000
$530,001 - $663,000
$398,001 - $530,000
$265,001 - $398,000
$133,001 - $265,000
$66,001 - $133,000
$0 - $66,000
0.3%
0.3%
0.2%
0.2%
4.3%
4.3%
7.8%
7.8%
14.7%
14.7%
33.0%
33.0%
31.4%
31.4%
2.3%
2.3%
6.0%
6.0%
0% 100.0%
% of Homes
Very High

for Iowa

Average

for nation

Number of Homes And Apartments:

15,446

Cedar Falls Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,640 / per month

Homeownership Rate

Owners
Renters
57.3%
57.3%
42.7%
42.7%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
6.9%
6.9%
93.1%
93.1%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
22.7%
22.7%
35.4%
35.4%
27.7%
27.7%
14.2%
14.2%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
60.5%
60.5%
6.9%
6.9%
7.4%
7.4%
21.7%
21.7%
3.4%
3.4%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
2.4%
2.4%
6.9%
6.9%
28.9%
28.9%
29.3%
29.3%
24.2%
24.2%
8.3%
8.3%
0% 100.0%
% of Homes