Zip Code 52402

Cedar Rapids, IALinn County

Real Estate Market Analysis

Q3 2025 Report
$230,000 (2025 estimate)
Median Home Value
33,000
Population
$74,000
Median Income
Cedar Rapids CSD: Average (bottom 50% in Iowa), Linn-Mar: Above average
School District Rating

Market Statistics

Property Values

$230,000 (2025 estimate)
Median Home Value
$1,250/month
Median Rent
$155
Price per Sq Ft

Market Performance

Home Appreciation4.1% year-over-year (2024-2025)
Market VelocityAverage days on market: 27
Foreclosure Rate0.4%

Area Information

Area SizeApproximately 15 square miles
CountyLinn
Primary CityCedar Rapids

Housing Profile

Housing Statistics

Total Housing Units11,800
Owner Occupied68%
Rental Properties32%
Vacant Units4.5%
New ConstructionModerate, with several infill and subdivision projects in progress

Housing Types

Single-family homesTownhomesApartmentsCondos

Demographics

33,000
Population
38.2
Median Age
$74,000
Median Income
96.2%
Employment Rate
38% bachelor's degree or higher
Education Levels
Mix of families, young professionals, and retirees
Family Composition

Education Quality

School District Performance

Cedar Rapids CSD: Average (bottom 50% in Iowa), Linn-Mar: Above average
District Rating
School DistrictCedar Rapids Community School District (primary), Linn-Mar Community School District (northern edge)
Test ScoresTop elementary schools in 52402: Bowman Woods Elementary (Math: 75-79%, Reading: 75-79%)
Graduation RatesCedar Rapids CSD: 88%

Schools in Area

  • Bowman Woods Elementary
  • Pierce Elementary
  • Harding Middle School
  • Kennedy High School

Economic Factors

Employment & Business

Job Growth2.1% (2024-2025)
Unemployment Rate3.8%
Business EnvironmentStable, with a mix of tech, healthcare, and education
Commercial ActivityActive retail corridors along Collins Rd and Blairs Ferry Rd

Major Employers

  • Rockwell Collins (Collins Aerospace)
  • Mercy Medical Center
  • Transamerica
  • Cedar Rapids School District

Infrastructure & Quality of Life

Infrastructure

Transportation Access

  • Interstate 380
  • Collins Road (Hwy 100)
  • Public bus service (Cedar Rapids Transit)

Utilities & Services

  • All major utilities available
  • City water/sewer
  • Natural gas

Quality of Life

Safety & Environment

Lower than Cedar Rapids average; property crime rate: 2.1%, violent crime rate: 0.3%

Good air and water quality, moderate tree cover

Healthcare Access

  • Mercy Medical Center
  • UnityPoint Health-St. Luke's
  • Multiple clinics and urgent care

Development Trends

Planned Developments

  • Mixed-use retail/residential at Collins Rd
  • Expansion of Bowman Woods subdivision

Infrastructure Projects

  • Collins Rd corridor improvements
  • Stormwater management upgrades

Investment Outlook

Growth Outlook

Steady, with moderate population and housing growth expected

Investment Opportunities

  • Infill redevelopment
  • Small multifamily properties
  • Retail strip centers

Marketing Intelligence

Target Demographics

  • Young families
  • Mid-career professionals
  • Retirees downsizing

Competitive Advantages

  • Strong employment base
  • Desirable schools
  • Convenient location

Pricing Strategies

Position slightly above Cedar Rapids median due to amenities and demand

Common Objections & Response Strategies

Objection: School district ratings are average.

Response Strategy:

Highlight top-performing elementary schools and access to Linn-Mar district in some areas.

Objection: Property taxes are higher than some nearby areas.

Response Strategy:

Emphasize value for amenities, safety, and resale potential.

Objection: Limited new construction inventory.

Response Strategy:

Showcase quality of existing homes and ongoing infill projects.

Professional Recommendations

1

Highlight proximity to major employers and parks in listings.

2

Educate buyers on school district boundaries and top-rated schools.

3

Promote community amenities and low crime rates.

4

Target marketing to professionals and families relocating for work.

5

Monitor new construction and infill opportunities for clients.

Competitive Analysis

Comparable Markets

  • 52404 (SW Cedar Rapids)
  • 52411 (NE Cedar Rapids/Marion)
  • 52302 (Marion)

Market Positioning

Upscale suburban with urban conveniences

Competitive Advantages

  • Higher median income
  • Lower crime
  • Better access to major employers

Price Comparison

52402 is 8-12% higher than 52404, similar to 52411, and slightly below Marion (52302)

Investment Metrics

5.8% (multifamily)
Cap Rates
6.2% gross
Rental Yields
15.3
Price-to-Rent
Positive for well-managed rentals, especially 2-4 unit properties
Cash Flow
3.5-4.5% annually (2025-2028)
Appreciation

Buyer Journey Insights

First-Time Buyers

Attracted by stable prices, good starter homes, and amenities; may need education on school boundaries.

Move-Up Buyers

Seek larger homes in established neighborhoods; value school access and parks.

Downsizers

Prefer townhomes/condos near healthcare and shopping; low-maintenance options in demand.

Investors

Focus on small multifamily and single-family rentals; strong tenant pool from local employers.

Relocators

Drawn by job transfers, especially in aerospace/tech; value quick access to highways and services.

This zip code analysis was generated using comprehensive market data and AI intelligence.

Market conditions change rapidly - consult with local real estate professionals for the most current information.

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