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New Report Fall 2026 Housing Affordability Report: every state is less affordable than in late August as average 30-year mortgage rates passed 7%. Read the report

Cedar Falls, IA Housing Affordability Index

Cedar Falls, Iowa has an MBR Housing Affordability Index score of 107.7 (Near National Average) as of October 30, 2026, ranking 872nd most affordable of 891 scored Iowa cities, compared with 126.4 statewide and 97.4 nationally. On a median-priced $263,600 home with 20% down, the Iowa average 30-year fixed rate of 7.17% means a monthly principal and interest payment of about $1,427, or 22% of the city’s $76,987 median household income.

The MBR Housing Affordability Index (MBR-HAI) for Cedar Falls is updated every night from live Iowa mortgage rates and U.S. Census Bureau income, home value and housing cost data for the city. A score of 100 equals the national average; higher scores mean homeownership is more affordable.

Cedar Falls MBR-HAI 107.7 Near National Average
Rank in Iowa 872 of 891 1 = most affordable
Iowa 126.4 Statewide score
National 97.4 100 = baseline
Avg 30-yr rate 7.17% Iowa lenders
Median home value $263,600 U.S. Census Bureau

Cedar Falls is 18.7 points below the Iowa score. Scores as of October 30, 2026. See the Iowa index

View Cedar Falls Mortgage Rates

What It Takes to Buy in Cedar Falls

$1,427/mo
Principal & Interest
Median home, 20% down, 7.17%
$61,200
Income Needed
To keep the payment at 28% of income
$76,987
Median Household Income
Iowa: $75,059
3.4x
Price-to-Income Ratio
Iowa: 2.8x
$1,334/mo
Median Owner Costs
Mortgage, taxes, insurance, utilities
$3,726/yr
Median Property Tax
1.41% of median value
19.9%
Owner Cost Burden
Owners spending 30%+ of income on housing
55.0%
Renter Cost Burden
Renters spending 30%+ of income on rent

Source: U.S. Census Bureau American Community Survey 5-Year Estimates (2024) for Cedar Falls, Iowa. The rate is the Iowa average 30-year fixed rate from MonitorBankRates, since lenders publish rates by state.

Cite the Cedar Falls Score

“MonitorBankRates (MBR) Housing Affordability Index, MonitorBankRates.com, October 30, 2026. Cedar Falls, Iowa score: 107.7 (Near National Average), ranked 872 of 891 Iowa cities. monitorbankrates.com/housing-affordability-index/iowa/cedar-falls”