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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With a population of 10,402, 4,334 total housing units (homes and apartments), and a median house value of $96,562, house prices in Cambridge are solidly below the national average.
Single-family detached homes are the single most common housing type in Cambridge, accounting for 71.10% of the city's housing units. Other types of housing that are prevalent in Cambridge include large apartment complexes or high rise apartments ( 13.25%), duplexes, homes converted to apartments or other small apartment buildings ( 12.36%), and a few mobile homes or trailers ( 2.72%).
The most prevalent building size and type in Cambridge are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 52.85% owning and 47.15% renting.
The housing in Cambridge was primarily built before 1939 ( 47.04%), 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 1940-1969 ( 26.15%), followed by between 1970-1999 ( 24.44%). There's also some housing in Cambridge built between 2000 and later ( 2.37%).
Vacant housing appears to be an issue in Cambridge. Fully 17.70% of the housing stock is classified as vacant. Left unchecked, vacant Cambridge homes and apartments can be a drag on the real estate market, holding Cambridge real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
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 14.22%, which ranks in the top 30% nationwide. This equates to an annual average Cambridge house appreciation rate of 1.34%.
NeighborhoodScout's data show that during the latest twelve months, Cambridge's appreciation rate, at 4.01%, has been at or slightly above the national average. In the latest quarter, Cambridge's appreciation rate has been -0.60%, which annualizes to a rate of -2.39%.
Notably, Cambridge's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Ohio, our data show that Cambridge's latest annual appreciation rate is higher than 60% of the other cities and towns in Ohio.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Cambridge differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Cambridge - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Cambridge real estate investment or home purchase decisions.
|$870,001 - $1,160,000||0.0|
|$579,001 - $870,000||0.5|
|$464,001 - $579,000||1.0|
|$348,001 - $464,000||2.0|
|$232,001 - $348,000||4.9|
|$116,001 - $232,000||27.4|
|$58,001 - $116,000||45.8|
|$0 - $58,000||18.5|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Cambridge HOMES|
|2000 or Newer||2.4|
|1970 - 1999||24.4|
|1940 - 1969||26.1|
|1939 or Older||47.0|
|TYPE OF Cambridge HOMES|
|Small Apt. Buildings||12.4|
|SIZE OF Cambridge HOMES|
|5 or more bedrooms||2.45|