The housing market in Cambridge, KY is thriving. The median value of houses in the area is $233,700, which is much lower than the US median value of $338,100. Despite the lower cost, the 1 year house appreciation rate for Cambridge has been very strong at 9.79%, higher than the national average of 8.27%. This indicates that prices in Cambridge are increasing steadily and that it may be a good time to invest in real estate there.
The median home cost in Cambridge is $233,700. Home appreciation the last 10 years has been 74.6%. Home Appreciation in Cambridge is up 11.5%.
Average Age of Homes
- The median age of Cambridge real estate is 58 years old
The Rental Market in Cambridge
- Renters make up 17.8% of the Cambridge population
- 0.0% of houses and apartments in Cambridge, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.