The housing market in Cambridge, IA is thriving. The median value of a house in Cambridge stands at $246,300 which is significantly lower than the US median of $338,100. Moreover, houses in Cambridge have appreciated by 12.55% in the past year, compared to the US average appreciation rate of 8.27%. This indicates that properties in Cambridge are becoming increasingly desirable and valuable over time. With its growing reputation and increased demand for housing, Cambridge continues to be an attractive option for people looking to buy or invest in real estate.
The median home cost in Cambridge is $246,300. Home appreciation the last 10 years has been 63.1%. Home Appreciation in Cambridge is up 11.4%.
Average Age of Homes
- The median age of Cambridge real estate is 50 years old
The Rental Market in Cambridge
- Renters make up 14.2% of the Cambridge population
- 1.5% 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.