Cambridge, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Cambridge Neighborhoods Since 2000




Cambridge, OH 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 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.

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 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.

Average Home Values

 

Median Home Value:
$96,562

Cambridge, OH HOME PRICES

Value Range
> $1,160,000 0.0
$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

Very Low for OH
Low for Nation

Value Relative to Nation Value Relative to State
79.7726473690379 81.758530183727

Number Of Homes And Apartments:
4,334

Cambridge Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OH*
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
38.44% 1.90% 10 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$852 / per month

Homeownership Rate

Homeownership
Owners 52.85
Renters 47.15
Vacant 17.70

Housing Market Details

 

Age of Homes

AGE OF Cambridge HOMES
2000 or Newer 2.4
1970 - 1999 24.4
1940 - 1969 26.1
1939 or Older 47.0

Types of Homes

TYPE OF Cambridge HOMES
Single-Family 71.1
Townhomes 0.6
Small Apt. Buildings 12.4
Apt. Complexes 13.3
Mobile Homes 2.7
Other 0.0

Home Size

SIZE OF Cambridge HOMES
No Bedroom 1.20
1 Bedroom 12.40
2 Bedrooms 30.21
3 Bedrooms 40.18
4 Bedrooms 13.56
5 or more bedrooms 2.45