Home Price Key
Affordable
Average
Expensive
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 $215,414, lower than the Minnesota average of $269,934.
The average cost of rent is $1,118/mo in Cambridge, primarily driven by the current value of real estate in the Cambridge area. While nearly 31.14% of residents own their homes outright in Cambridge, 21.24% rent.
Housing affordability isn’t just about home prices, though. The average household income in Cambridge is $6,312 per month. Households that rent pay about 17.71% of their income on rent here. Cambridge's most expensive areas are in the southeastern regions, while the cheapest areas are in the northeastern parts of the city.
Nearby Cities
- Edgewood, MN: equally priced homes
- Bodum, MN: equally priced 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: higher 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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