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These days, finding an affordable place to live in the Cambridge area can be challenging. Home prices in Cambridge are now at a median cost of $227,827, higher than the Iowa average of $226,062.
The average cost of rent is $989/mo in Cambridge, primarily driven by the current value of real estate in the Cambridge area. In Cambridge, 13.42% of households rent, and 30.60% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Cambridge is $6,053 per month. Households that rent pay about 16.33% of their income on rent here. Cambridge’s most expensive areas are in the northwestern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Midvale, IA: higher priced homes
- Huxley, IA: higher priced homes
- Enterprise, IA: higher priced homes
- Shipley, IA: less expensive homes
- Iowa Center, IA: equally priced homes
- Kelley, IA: higher priced homes
- Maxwell, IA: higher priced homes
- Elkhart, IA: higher priced homes
- Alleman, IA: higher priced homes
- Slater, IA: equally priced homes
Cities with Similar Populations
- Adams, NE: higher priced homes
- Agency, IA: equally priced homes
- Adams, MN: equally priced homes
- Wysox, PA: less expensive homes
- Woodhull, NY: less expensive homes
- Avon, IL: less expensive homes
- Barlow, KY: less expensive homes
- Ward Prairie, TX: equally priced homes
- North Truro, MA: higher priced homes
- Boykins, VA: less expensive homes
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