The housing median value in 55008 Cambridge, MN is $294,900 which is significantly lower than the US House Median Value of $338,100. The one year house appreciation in Cambridge is 6.66%, lower than the national average of 8.27%. This means homeowners in Cambridge have seen a smaller increase in value on their homes over the past year than in many other parts of the country. Although the median house value in Cambridge may be lower than other parts of the US, it could still present an opportunity for prospective buyers looking to purchase either as a primary residence or an investment property.
The median home cost in Cambridge (zip 55008) is $294,900. Home appreciation the last 10 years has been 94.0%. Home Appreciation in Cambridge (zip 55008) is up 12.2%.
Average Age of Homes
- The median age of Cambridge (zip 55008) real estate is 31 years old
The Rental Market in Cambridge (zip 55008)
- Renters make up 21.7% of the Cambridge (zip 55008) population
- 0.7% of houses and apartments in Cambridge (zip 55008), 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.