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 about Scout's Real Estate Data
With 9,985 people, 4,465 houses or apartments, and a median cost of homes of $139,475, house prices in Cambridge are some of the most affordable in Ohio as well as the nation.
Single-family detached homes are the single most common housing type in Cambridge, accounting for 61.50% of the city's housing units. Other types of housing that are prevalent in Cambridge include large apartment complexes or high rise apartments ( 18.35%), duplexes, homes converted to apartments or other small apartment buildings ( 15.15%), and a few mobile homes or trailers ( 4.35%).
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 ( 35.13%), 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 ( 32.41%), followed by between 1970-1999 ( 26.99%). There's also some housing in Cambridge built between 2000 and later ( 5.46%).
Vacant housing appears to be an issue in Cambridge. Fully 10.05% 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'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 5.38%, which is lower than 70% of US communities.
NeighborhoodScout's data show that during the latest twelve months, Cambridge's appreciation rate, at 6.14%, has been at or slightly above the national average. In the latest quarter, Cambridge's appreciation rate has been 1.02%, which annualizes to a rate of 4.15%.
Relative to Ohio, our data show that Cambridge's latest annual appreciation rate is lower than 60% of the other cities and towns in Ohio.
$139,475
for Ohio
for nation
4,465
$1,296 / per month