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Cedar Falls, IA

Full City Profile · Iowa · Black Hawk County County

3.8 /5.0
B+ Good
40,662 Population 1,381/sq mi density
$74,165 Median Income $41,639 per capita
$252,500 Home Value $257,507 Zillow
$1,177 Median Rent 34.7% income on rent
49°F Avg Temperature 260 sunny days/yr
122 Violent Crime/100K 1,923 property/100K
B+
Overall
3.8 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.4 / 5.0
$74,165 median income, 2.2% unemployment
A+
Affordability
4.8 / 5.0
$252,500 home value, $1,177/mo rent
F
Safety
1.0 / 5.0
122 violent crimes/100K
A+
Education
4.9 / 5.0
49.2% bachelor's degree or higher

Housing Overview

Median Home Value
$252,500
10% below
US avg: $281,900
Median Rent
$1,177/mo
1% above
US avg: $1,163/mo
Homeownership Rate
62.6%
4% below US avg (65.4%)
Total Housing Units
16,587
Median year built: 1975

Home Value by Source

Census Median
$252,500
Zillow (ZHVI)
$257,507
Median Sale Price
$279,500
Median List Price
$326,900
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

62.6%
Owner-Occupied
37.4%
Renter-Occupied
63%
37%
US avg: 65.4% owner-occupied

Fair Market Rents (HUD FY2026)

Studio
$738/mo
1 Bedroom
$788/mo
2 Bedroom
$989/mo
3 Bedroom
$1,282/mo
4 Bedroom
$1,420/mo
Census median rent: $1,177/mo · Zillow rent: $1,374/mo

Market Indicators (Redfin)

Median Days on Market
71 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
20
Price Drops
26.0%
of listings with price reduction
Price Per Sq Ft
$149
Active Inventory
73
homes for sale

Affordability & Housing Stock

Rent Burden
34.7%
of renters spending 30%+ of income on housing
12% above US avg (31.0%)
Median Year Built
1975
Average age of housing stock: 51 years
Homeownership Rate
62.6%

Complete Housing Data

Home Values

Census Median Value$252,500
Zillow Home Value (ZHVI)$257,507
Median Sale Price$279,500
Median List Price$326,900
Price Per Sq Ft$149

Rent

Census Median Rent$1,177
Zillow Rent (ZORI)$1,374
FMR Studio$738
FMR 1-Bedroom$788
FMR 2-Bedroom$989
FMR 3-Bedroom$1,282
FMR 4-Bedroom$1,420

Market

Days on Market71
Sale-to-List Ratio1.0%
Price Drops26.0%
Homes Sold20
Active Inventory73
Price Per Sq Ft$149

Ownership & Stock

Owner-Occupied62.6%
Renter-Occupied37.4%
Homeownership Rate62.6%
Total Housing Units16,587
Median Year Built1975
Rent Burden34.7%