Cambridge City, IN is an ideal place to purchase a home due to its comparatively low median housing value of $107,100. This is significantly lower than the US median value of $338,100, making it easier for buyers to purchase a home in this city. On top of that, the 1-year house appreciation rate in Cambridge City is particularly high at 13.04%, much higher than the national average of 8.27%. Thus, buying property in Cambridge City could be a wise investment with long term benefits.
The median home cost in Cambridge City is $107,100. Home appreciation the last 10 years has been 73.6%. Home Appreciation in Cambridge City is up 15.1%.
Average Age of Homes
- The median age of Cambridge City real estate is 69 years old
The Rental Market in Cambridge City
- Renters make up 25.2% of the Cambridge City population
- 0.5% of houses and apartments in Cambridge City, 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.