What is the median home price in Cambridge?

The median home price in Cambridge, Cambridge city, Minnesota is $222,000, which is 21% below the national average of 281,900 ($281,900).

Cambridge, Cambridge city, Minnesota has a violent crime rate of 1.2 per 1,000 residents, which is 67% below the national average, making it relatively safe. The national average is 3.6 per 1,000 residents. The property crime rate is 5.7 per 1,000 residents.

What is the Walk Score for Cambridge?

Cambridge, Cambridge city, Minnesota has a Walk Score of 0 out of 100, classified as "Almost All Errands Require a Car." The national average Walk Score is 48/100. The bike score is 26/100.

What is the median household income in Cambridge?

The median household income in Cambridge, Cambridge city, Minnesota is $64,286, which is 14% below the national average of 74,580 ($74,580).

What is the average rent in Cambridge?

The median rent in Cambridge, Cambridge city, Minnesota is $850 per month. The national average median rent is $1,163/month.

What is the air quality in Cambridge?

Cambridge, Cambridge city, Minnesota has an Air Quality Index (AQI) of 38, categorized as "Good." The national average AQI is 42. An AQI under 50 is considered "Good."

What is the population of Cambridge?

The population of Cambridge, Cambridge city, Minnesota is approximately 9,726. The homeownership rate is 84.0% (national average: 65.9%).

What are the climate risks in Cambridge?

Cambridge, Cambridge city, Minnesota has an overall climate risk rating of "Relatively Moderate" with a risk score of 77.17. This assessment considers hazards such as flooding, wildfire, extreme heat, and severe storms.

Is Cambridge affordable?

Cambridge, Cambridge city, Minnesota has an affordability index of 171, which is above the national baseline of 100, indicating relatively affordable housing. The electricity rate is 14.6¢/kWh (national average: 16.6¢/kWh).

What is the unemployment rate in Cambridge?

The unemployment rate in Cambridge, Cambridge city, Minnesota is 2.7%. The national average unemployment rate is 3.7%. The poverty rate is 9.4% (national average: 12.4%).

Cambridge

Cambridge city, Minnesota

Affordable

About Cambridge

Cambridge, Minnesota, offers a breath of fresh air for those seeking a balance of affordability and a relaxed pace of life. Here, the median home value hovers around $222,000, significantly lower than the national average, making homeownership a realistic goal for many. This welcoming community of nearly 10,000 residents boasts a median household income of $64,286, providing a comfortable lifestyle within a budget-friendly environment. Cambridge is a place where you can enjoy the simple pleasures of life, from friendly neighbors to the tranquility of the surrounding natural beauty, all without the financial strain of more expensive locales.

From an investment perspective, Cambridge presents a promising outlook. While specific employment data isn't readily available, the area's affordability and steady population growth hint at a stable housing market. The lower property values coupled with a median income that allows for a comfortable standard of living makes Cambridge ideal for families, first-time homebuyers, and those looking to downsize without sacrificing quality of life. The town’s overall vibe is one of safety and community, making it an excellent place to put down roots and build a future.

Cambridge, Minnesota at a Glance

Cambridge is a city in Cambridge city, Minnesota with a population of approximately 9,726. The median home value is $222,000 and the median household income is $64,286. It has a Walk Score of 0 out of 100, indicating car dependency. The violent crime rate is 1.2 per 1,000 residents, which is 67% below the national average. Air quality is rated Good. The overall climate risk is rated as "Relatively Moderate." Median rent is $850 per month. Data sourced from the US Census Bureau, FBI Crime Data Explorer, EPA, Walk Score, and FEMA.