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Affordable
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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 $146,821, lower than the Illinois average of $300,242.
The average cost of rent is $953/mo in Cambridge, primarily driven by the current value of real estate in the Cambridge area. In Cambridge, 12.03% of households rent, and 42.02% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Cambridge is $5,866 per month. Households that rent pay about 16.25% of their income on rent here. Cambridge’s most expensive areas are in the northeastern 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
- Ulah, IL: equally priced homes
- Andover, IL: higher priced homes
- Osco, IL: higher priced homes
- Bishop Hill, IL: equally priced homes
- Swedona, IL: higher priced homes
- Woodhull, IL: equally priced homes
- Lynn Center, IL: higher priced homes
- Geneseo, IL: higher priced homes
- Atkinson, IL: higher priced homes
- Orion, IL: higher priced homes
Cities with Similar Populations
- Chatom, AL: higher priced homes
- Hopewell, OH: higher priced homes
- Stamford, NY: higher priced homes
- Lisle, NY: less expensive homes
- Goodman, MS: less expensive homes
- Sewalls Point, FL: higher priced homes
- Concho, AZ: less expensive homes
- Cleona, PA: higher priced homes
- Willisburg, KY: higher priced homes
- Cascade, WI: higher priced homes
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