Markets › Iowa
Iowa housing market
In the Hawkeye State, part of the Census Bureau's West North Central division, Pecan Street tracks two markets. Median sale prices run from $213K in Cedar Rapids to $224K in Des Moines as of Aug 2026. One of two is higher than a year earlier and one is lower; Des Moines leads at +2.0% and Cedar Rapids trails at -0.2%.
Homes sit longest in Des Moines (65 median days on market) and sell fastest in Cedar Rapids (44 days). The share of active listings with a price cut runs from 36% in Cedar Rapids to 40% in Des Moines. Price-to-rent ratios run from about 10 in Des Moines to 12 in Cedar Rapids, measured as years of HUD Fair Market Rent per median sale price. Iowa's unemployment rate was 3.2% in Aug 2026 (BLS via FRED). The national rate was 4.2% in Sep 2026.
Markets at a glance
| Market | Median sale price | YoY | Days on market | Price-cut share | Price-to-rent |
|---|---|---|---|---|---|
| Cedar Rapids | $213K | -0.2% | 44 | 36% | ≈ 12 |
| Des Moines | $224K | +2.0% | 65 | 40% | ≈ 10 |
Median sale price and year-over-year change from Redfin (rolling three months); median days on market and the share of active listings with a price cut from Realtor.com; price-to-rent is each market page's figure (its median sale price over a year of HUD Fair Market Rent). Figures are per metro market, not statewide.
Cities
Cedar Rapids, IA
$213K · -0.2%
Des Moines, IA
$224K · +2.0%
Recent signals
No market signals flagged across this state right now.