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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 $291,704, lower than the Minnesota average of $345,793.
The average cost of rent is $1,376/mo in Cambridge, primarily driven by the current value of real estate in the Cambridge area. In Cambridge, 25.61% of households rent, and 32.74% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Cambridge is $6,662 per month. Households that rent pay about 20.65% 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
- Edgewood, MN: equally priced homes
- Bodum, MN: less expensive homes
- East Lake Francis Shores, MN: higher priced homes
- Grandy, MN: higher priced homes
- Isanti, MN: equally priced homes
- Walbo, MN: higher priced homes
- Stanchfield, MN: higher priced homes
- Stark, MN: higher priced homes
- Bradford, MN: higher priced homes
- West Point, MN: higher priced homes
Cities with Similar Populations
- King City, CA: higher priced homes
- St. Simons, GA: higher priced homes
- Lake Wylie, SC: higher priced homes
- Lake Villa, IL: equally priced homes
- Lake Tapps, WA: higher priced homes
- Lake Ronkonkoma, NY: higher priced homes
- Lafollette, TN: less expensive homes
- Lafayette, TN: less expensive homes
- Ladys Island, SC: higher priced homes
- La Grange Park, IL: higher priced homes
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