The housing market in Cambridge, MN is healthy. The median value of homes is $282,100, which is slightly lower than the US House Median Value of $338,100. Although the US has seen an 8.27% appreciation in home values over the last year, Cambridge has seen a 6.66% increase. This suggests that the area is fairly stable and not subject to rapid changes in home values.
The median home cost in Cambridge is $282,100. Home appreciation the last 10 years has been 94.0%. Home Appreciation in Cambridge is up 12.2%.
Average Age of Homes
- The median age of Cambridge real estate is 28 years old
The Rental Market in Cambridge
- Renters make up 33.6% of the Cambridge population
- 0.8% 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.