Cambridge, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Cambridge Neighborhoods Since 2000




Cambridge, NY 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 1,830 people, 802 houses or apartments, and a median cost of homes of $157,009, Cambridge real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Cambridge, accounting for 50.24% of the village's housing units. Other types of housing that are prevalent in Cambridge include duplexes, homes converted to apartments or other small apartment buildings ( 21.33%), mobile homes or trailers ( 17.18%), and a few large apartment complexes or high rise apartments ( 10.07%).

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.

The housing in Cambridge was primarily built before 1939 ( 48.10%), making the housing stock in Cambridge some of the oldest overall in America, although there is a range of ages of homes in Cambridge. The next most important housing age is between 1970-1999 ( 27.25%), followed by between 1940-1969 ( 19.43%). There's also some housing in Cambridge built between 2000 and later ( 5.21%).

Cambridge Home Appreciation Rates

Appreciation rates for homes in Cambridge have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 0.84%, which ranks in the top 50% nationwide. This equates to an annual average Cambridge house appreciation rate of 0.08%.

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 6.69%, which is higher than appreciation rates in 79.19% 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 2.67%, which equates to an annual appreciation rate of 11.14%.

Importantly, this makes Cambridge one of the highest appreciating communities in the nation for the latest quarter, and may signal the village's near-future real estate investment strength.

Relative to New York, our data show that Cambridge's latest annual appreciation rate is higher than 90% of the other cities and towns in New York.

Average Home Values

 

Median Home Value:
$157,009

Cambridge, NY HOME PRICES

Value Range
> $1,037,000 0.1
$778,001 - $1,037,000 0.2
$519,001 - $778,000 1.4
$415,001 - $519,000 2.5
$311,001 - $415,000 10.6
$207,001 - $311,000 18.6
$104,001 - $207,000 44.1
$52,001 - $104,000 16.8
$0 - $52,000 5.7

Average for NY
Average for Nation

Value Relative to Nation Value Relative to State
47.0233212234853 56.2289562289562

Number Of Homes And Apartments:
802

Cambridge Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NY*
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
85.18% 3.64% 9 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$961 / per month

Homeownership Rate

Homeownership
Owners 60.85
Renters 39.15
Vacant 4.98

Housing Market Details

 

Age of Homes

AGE OF Cambridge HOMES
2000 or Newer 5.2
1970 - 1999 27.3
1940 - 1969 19.4
1939 or Older 48.1

Types of Homes

TYPE OF Cambridge HOMES
Single-Family 50.2
Townhomes 1.2
Small Apt. Buildings 21.3
Apt. Complexes 10.1
Mobile Homes 17.2
Other 0.0

Home Size

SIZE OF Cambridge HOMES
No Bedroom 5.57
1 Bedroom 18.96
2 Bedrooms 28.67
3 Bedrooms 30.33
4 Bedrooms 11.37
5 or more bedrooms 5.09