From January through March of 2017, there were 487 homes sold, with a median sale price of $117,500. There were 567 homes sold in Cedar Rapids in the first quarter of 2016, and the median sales price for the period was also $117,500.
The median sales tax in Cedar Rapids for 2017 was $2,557. In 2016, the median sales tax was $2,584. This marks an decrease of 1%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.2%.
The following table compares Cedar Rapids to other Linn County cities with similar median sales prices in the first quarter of 2017:
| City | Jan. - Mar. 2017 Home Sales | Jan. - Mar. 2016 Home Sales | % change (Total Home Sales) | Jan. - Mar. 2017 Median Sales Price | Jan. - Mar. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Alburnett | 6 | 4 | 50% | $180,000 | $89,570.50 | 101% |
| Fairfax | 10 | 9 | 11.1% | $171,500 | $199,900 | -14.2% |
| Marion | 197 | 195 | 1% | $162,000 | $150,000 | 8% |
| Ely | 17 | 11 | 54.5% | $144,900 | $102,000 | 42.1% |
| Lisbon | 6 | 12 | -50% | $132,500 | $120,500 | 10% |
| Cedar Rapids | 487 | 567 | -14.1% | $117,500 | $117,500 | 0% |
| Center Point | 12 | 15 | -20% | $114,250 | $140,500 | -18.7% |
| Hiawatha | 25 | 16 | 56.3% | $109,000 | $115,000 | -5.2% |
| Walker | 1 | 5 | -80% | $104,000 | $58,492 | 77.8% |
| Central City | 9 | 3 | 200% | $84,450 | $92,422 | -8.6% |
| Coggon | 6 | 7 | -14.3% | $78,975 | $75,000 | 5.3% |
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