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These days, finding an affordable place to live in the Cambridge Junction area can be challenging. Home prices in Cambridge Junction are now at a median cost of $276,376, higher than the Michigan average of $250,415.
The average cost of rent is $1,027/mo in Cambridge Junction, primarily driven by the current value of real estate in the Cambridge Junction area. In Cambridge Junction, 11.98% of households rent, and 43.77% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Cambridge Junction is $6,418 per month. Households that rent pay about 16.01% of their income on rent here. Cambridge Junction’s most expensive areas are in the eastern regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
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