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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 $126,207, lower than the Nebraska average of $252,353.
The average cost of rent is $936/mo in Cambridge, primarily driven by the current value of real estate in the Cambridge area. In Cambridge, 18.69% of households rent, and 67.08% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Cambridge is $5,371 per month. Households that rent pay about 17.43% of their income on rent here. Cambridge’s most expensive areas are in the northern regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Bartley, NE: less expensive homes
- Holbrook, NE: less expensive homes
- Wilsonville, NE: less expensive homes
- Indianola, NE: equally priced homes
- Arapahoe, NE: less expensive homes
- Hendley, NE: less expensive homes
- Lebanon, NE: higher priced homes
- Stockville, NE: higher priced homes
- Danbury, NE: higher priced homes
- Beaver City, NE: less expensive homes
Cities with Similar Populations
- Armuchee, GA: higher priced homes
- Hiram, ME: higher priced homes
- Muscadine, AL: equally priced homes
- Mountville, SC: less expensive homes
- Mooseheart, IL: higher priced homes
- McLain, MS: less expensive homes
- Maugansville, MD: higher priced homes
- Lake Cherokee, TX: higher priced homes
- Knoxville, GA: higher priced homes
- Kirksey, KY: higher priced homes
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