Cambridge, MN—55008
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Cambridge, MN
As of Oct '25, the median home price in Cambridge, MN is $322,000, with a year-over-year change of 1.3%. This indicates that home prices in Cambridge, MN are increasing. According to Zillow, the 1-year price projection is -0.3%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $322,000 | 1.3% |
| Single Family | $324,000 | 1.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $239,000 | 0.0% |
2 Bed | $273,000 | 1.5% |
3 Bed | $331,000 | 1.2% |
4 Bed | $351,000 | 1.4% |
| 5 Bed | $387,000 | 1.3% |
% of Housing Stock
Rental Trends — Cambridge, MN
As of July '25, Rentcast reports the average rent in Cambridge, MN is $1,930, with a year-over-year rent change of 19.1%. Per bedroom, the median rent as of July '25 in Cambridge, MN is 1-bedrooms: $1,120, 2-bedrooms: $1,590, 3-bedrooms: $2,320, 4-bedrooms: $2,540. The most common rental property sizes in Cambridge, MN are 2-bedroom and 1-bedroom, accounting for 61.7% and 24.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,950 | $1,930 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,050 | $1,120 |
| 2 Bed Rent | $1,510 | $1,590 |
| 3 Bed Rent | $2,300 | $2,320 |
| 4 Bed Rent | $2,080 | $2,540 |
% of Rental Stock
Property Listings — Cambridge, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Cambridge, MN is 43. This is a increase of 4.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 17.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $365,000 | 0.0% |
Listing Count | 116 | 11.0% |
| Listings as % of Homes | 0.5% | 11.0% |
Days on Market | 43 | 4.0% |
Demographics — Cambridge, MN
As of the latest ACS Survey released in 2023, Cambridge, MN has a population of 16,100, which has increased by 2.8% over the past 5 years. Cambridge, MN is a moderately popular place for families, as children make up 21.4% of the population. The area has a poorly educated workforce, with 20.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 16,100 | 2.8% |
% Under 18 | 21.4% | -14.7% |
% Seniors | 19.1% | 8.5% |
% WFH | 9.2% | 148.6% |
% w/ College Degree | 20.6% | 2.5% |
As of the latest ACS Survey released in 2023, Cambridge, MN is a predominantly white area, with 91.8% of the population identifying as white. The white population has shrunk by 1.5% in the last 5 years. The second most common race or ethnicity in Cambridge, MN is asian, making up 3.3% of the population. Foreign-born residents account for 3.6% of the population in Cambridge, MN, and this percentage has increased by 56.5% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 91.8% | -1.5% |
% Black | 2.0% | 300.0% |
% Hispanic | 1.1% | 0.0% |
% Asian | 3.3% | 57.1% |
% Foreign Born | 3.6% | 56.5% |
Mortgage and Risk — Cambridge, MN
According to HUD data as of 2023, there were 319 mortgage originations in Cambridge, MN, of which 79.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 32.0% above 90% LTV (very high). This implies large mortgage risk in Cambridge, MN. Investor activity is low, as 3.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 319 |
% Conventional Loans | 79.0% |
% Government Loans | 21.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Cambridge, MN
As of 2024, the percent of homes in Cambridge, MN under the Section 8 program is 7.3%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Cambridge, MN, because HUD payments exceed market rent, while 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 162 |
Total Units Section 8 | 117 |
% Rentals under Section 8 | 7.3% |
% Occupied Section 8 | 89.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $200 | $1,050 | $1,250 |
| 2 Bedroom | $20 | $1,510 | $1,530 |
| 3 Bedroom | -$260 | $2,300 | $2,040 |
| 4 Bedroom | $200 | $2,080 | $2,280 |
Affordability — Cambridge, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.7 |
| Median Home Price | $322,000 |
| Median Household Income | $83,200 |