Rankings/Cedar Rapids, IA

Cedar Rapids, IA

NeutralTier 1CBSA 16300Compare

Risk Rank: #87 of 287Month: 2025-12Score change (12m):— +2

55score

Composite risk percentile vs 287 metros (higher = higher risk)

Cycle Phase

Cedar Rapids experienced a market correction from late 2024 through late 2024. The market is currently recovering.

Recovery

Expansion

Hypersupply

Recession

In Recovery for 5 months·Previously: Recovery

Market conditions are rebuilding after a correction period

Recovery

Expansion

Hypersupply

Recession

Cedar Rapids's housing market shows average risk, ranking 87th of 287 metros. The market has been in Recovery for 5 months. Inventory is growing moderately (+10% YoY) with stable liquidity.

Executive Summary

Risk is Neutral, driven primarily by employment and price momentum. The market is in Recovery phase. Liquidity is stable and valuation is balanced.

Top Risk Drivers (This Month)

Employment

p85 (elevated risk)

12-month employment change (risk inverted)

Price Momentum

p77 (elevated risk)

12-month HPI change

Migration

p72 (moderate)

Net AGI migration (risk inverted)

Market Signals

Inventory is growing at a moderate +10% pace with homes taking +2% longer to sell — within normal ranges.

Liquidity

Stable↓

Active Listings YoY

+10.4%p59

Days on Market YoY

+1.6%p50

Months in status3

Data through Dec 2025

Valuation

Balanced—

Rent vs. Price Growth

+4.4%p96

Months in status39

Data through Dec 2025Rent growth vs price growth (rent support). Note: Affordability and Valuation measure different structural dimensions and can diverge.

Factor Details

Factor Breakdown

Price Momentum77

12-month HPI change — higher = overheating

Permit Growth45

YoY permit change — higher = supply pressure

Permits per Capita50

Permits per 1,000 residents — higher = overbuilding risk

Affordability2

Mortgage payment / income — higher = more burdened

Employment85

12-month employment change (risk inverted)

Migration72

Net AGI migration (risk inverted)

Underlying Values

Metric	Value	Pctile
Price Momentum	+4.0%	p77
Permit Growth	-3.9%	p45
Permits/1K Pop	3.76	p50
Affordability	0.19	p2
Employment	-0.5%	p85
Net AGI Migration	-$23K	p72

National ContextDoes not affect score

Credit Conditions

Credit Regime

Stable—

Healthy recovery. Credit is flowing normally and transactions are steady — conditions favor continued rebuilding.

Bank Lending Standards

-5.7Normal

Rate Change (YoY)

-74 bpsNormal

Mortgage Risk Premium

+189 bpsElevated

Stable for 8 quartersData through 2026-Q1

Supply Pipeline

Supply Regime

Accumulating—

Supply pipeline is building up while credit remains available. New units are accumulating in the system — watch for delivery pressure in coming quarters.

Pipeline Ratio

0.91High

Completion-Permit Divergence

-3.2 ppNormal

Accumulating for 3 quartersData through 2025-Q4

Local SignalsDoes not affect score

Metro Permit Activity

Permit Activity

Normal

YoY Permit Growth

-3.9%Within norm

Raw signal — not the composite percentile

Relative to 2016–2019 norms for this metro

Supply and demand are in equilibrium. No unusual activity on either side of the market.

Liquidity

Stable↓

Active Listings YoY+10.4%

Days on Market YoY+1.6%

AssessmentBalanced conditions

Stable for 3 monthsData through Dec 2025

Internal Structure

Cedar Rapids's counties diverge significantly — Linn County (High Risk) contrasts sharply with Jones County, making the metro average potentially misleading.

High26.9Limited data

3 of 3 counties scored

Cedar Rapids, IA shows High internal divergence — the metro composite may obscure significant county-level differences. Linn County contributes the most structural risk (High Risk, driven by permit growth), while Jones County anchors the lower end (Low Risk).

Within-metro factor percentiles (0 = lowest risk, 100 = highest risk)

County	Score ▼	Band	Pop %	Price	Permits	Afford
Linn CountyRisk Driver	83	High Risk	33.3%	50	100	100
Benton County	50	Average	33.3%	100	50	0
Jones CountyStabilizer	17	Low Risk	33.3%	0	0	50

Score History

Month	Phase	Score	Price	Permits	Afford	Employ	Migr
2025-11	Rec	58	63	85	2	82	72
2025-09	Rec	55	48	85	2	76	72
2025-07	Hyp	57	38	85	2	96	72
2025-05	Hyp	58	46	85	3	96	72
2025-02	Hyp	51	5	85	2	96	72
2025-01	Rec	51	6	85	2	92	72
2024-12	Hyp	53	12	85	3	99	72
2024-10	Hyp	53	13	85	3	100	72
2024-09	Ress	54	21	85	3	95	72
2024-07	Ress	55	28	85	3	97	72
2024-06	Hyp	56	29	85	3	99	72
2024-04	Exp	57	37	85	3	99	72
2024-02	Rec	62	65	85	4	96	72
2023-12	Rec	64	76	85	3	98	72
2023-11	Exp	64	77	85	3	98	72
2023-09	Exp	62	70	85	3	96	72
2023-08	Rec	60	57	85	3	98	72
2023-06	Rec	57	39	85	3	97	72
2023-05	Hyp	55	32	85	3	93	72
2023-03	Ress	55	28	85	3	96	72
2023-01	Ress	57	37	85	3	97	72
2022-10	Hyp	51	12	85	2	87	72
2022-09	Ress	52	17	85	3	91	72
2022-07	Ress	52	12	85	3	93	72
2022-06	Hyp	53	14	85	3	96	72
2022-04	Rec	52	13	85	3	93	72
2022-02	Rec	51	5	85	3	93	72
2022-01	Exp	51	6	85	3	91	72
2021-11	Exp	50	8	85	1	84	73
2021-08	Exp	45	15	85	2	49	73
2021-05	Exp	49	16	85	2	72	73
2021-03	Rec	46	12	85	2	59	73
2021-01	Rec	46	11	85	2	59	73
2020-10	Rec	46	14	85	3	57	72
2020-07	Rec	47	13	85	2	61	72
2020-04	Rec	44	7	85	3	51	72
2020-02	Exp	50	9	85	3	84	72
2019-12	Exp	45	8	85	3	70	59
2019-11	Rec	43	7	85	3	58	59
2019-09	Rec	44	4	85	3	65	59
2019-08	Exp	42	3	85	3	54	59
2019-06	Exp	50	15	85	3	93	59
2019-05	Hyp	48	23	85	4	70	59
2019-04	Exp	47	32	85	3	56	59
2019-03	Rec	48	34	85	4	59	59
2019-01	Rec	46	27	85	4	54	59

Data Vintages

Price (HPI)2025-Q3

Permits2025-12

Income2024

Employment2025-12

Migration2022