Cambridge, MN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Cambridge Neighborhoods Since 2000




Cambridge, MN Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Cambridge Housing Market Information

With a population of 8,451, 3,250 total housing units (homes and apartments), and a median house value of $175,973, Cambridge real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Cambridge, accounting for 53.65% of the city's housing units. Other types of housing that are prevalent in Cambridge include large apartment complexes or high rise apartments ( 22.35%), row houses and other attached homes ( 13.02%), and a few mobile homes or trailers ( 5.76%).

People in Cambridge primarily live in small (one, two or no bedroom) single-family detached homes. Cambridge has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Cambridge built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Cambridge built between 2000 and later ( 32.00%). A lesser amount of the housing stock also hails from between 1940-1969 ( 15.80%). There's also some housing in Cambridge built before 1939 ( 6.44%).

Cambridge Home Appreciation Rates

Cambridge's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Cambridge during the period has been just -2.07%, which is lower than 80% of US communities.

Appreciation rates are so strong in Cambridge that despite a nationwide downturn in the housing market, Cambridge real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Cambridge appreciation rates continue to be some of the highest in America, at 5.60%, which is higher than appreciation rates in 70.38% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Cambridge. Cambridge appreciation rates in the latest quarter were at 1.44%, which equates to an annual appreciation rate of 5.89%.

Relative to Minnesota, our data show that Cambridge's latest annual appreciation rate is higher than 70% of the other cities and towns in Minnesota.

Average Home Values

 

Median Home Value:
$175,973

Cambridge, MN HOME PRICES

Value Range
> $1,214,000 0.6
$911,001 - $1,214,000 0.0
$607,001 - $911,000 1.4
$486,001 - $607,000 1.4
$364,001 - $486,000 2.9
$243,001 - $364,000 16.8
$121,001 - $243,000 54.1
$61,001 - $121,000 13.6
$0 - $61,000 9.1

Average for MN
High for Nation

Value Relative to Nation Value Relative to State
39.6050626977616 52.7720739219713

Number Of Homes And Apartments:
3,250

Cambridge Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MN*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
24.31% 1.27% 2 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,262 / per month

Homeownership Rate

Homeownership
Owners 61.14
Renters 38.86
Vacant 4.04

Housing Market Details

 

Age of Homes

AGE OF Cambridge HOMES
2000 or Newer 32.0
1970 - 1999 45.8
1940 - 1969 15.8
1939 or Older 6.4

Types of Homes

TYPE OF Cambridge HOMES
Single-Family 53.6
Townhomes 13.0
Small Apt. Buildings 5.2
Apt. Complexes 22.4
Mobile Homes 5.8
Other 0.0

Home Size

SIZE OF Cambridge HOMES
No Bedroom 2.83
1 Bedroom 13.64
2 Bedrooms 31.92
3 Bedrooms 28.64
4 Bedrooms 18.22
5 or more bedrooms 4.75

Popular Neighborhoods in Cambridge

Zip Codes in Cambridge, MN