Homes for Sale in Cedar Rapids, Iowa

Late December 2011's report by CNN/Money about the median prices of homes for sale in Cedar Rapids, Iowa and the projections into 2012 and 2013 can be viewed as encouraging.

With the median famly income in Cedar Rapids, Iowa around $70,000 (as of 2010) and the median Q2 2011 home price around $142,000 home prices saw a change of around -1.9%.

This drop of 1.9% is far less dramatic than the 13.5% drop seen in Q1 of 2009 in Cedar Rapids, Iowa.

Although the changes in home prices in Iowa City, Iowa saw less for a drop between Q2 2010 and Q2 2011, going forward it appears that CNN/Money analysts believe Cedar Rapids, Iowa will fare better in recovery.

The experts see Iowa City home prices as dropping 3.3% from Q2 2011 through Q2 2012, whereas in Cedar Rapids, the only forsee a 1.8% drop during that same period.