The housing market in Cambridge, NY is looking strong. The median value of homes in the area is $267,200, which is significantly lower than the US median value of $338,100. Despite this difference, the one year appreciation rate for Cambridge homes was 9.98%, higher than the US average of 8.27%. This means that despite a lower starting price point, homes in Cambridge are still increasing in value faster than the national average – indicating an attractive market for potential buyers.
The median home cost in Cambridge is $267,200. Home appreciation the last 10 years has been 54.3%. Home Appreciation in Cambridge is up 12.9%.
Average Age of Homes
- The median age of Cambridge real estate is 54 years old
The Rental Market in Cambridge
- Renters make up 14.7% 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.