Cambridge, IL—61238
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Cambridge, IL
As of Oct '25, the median home price in Cambridge, IL is $158,000, with a year-over-year change of 7.0%. This indicates that home prices in Cambridge, IL are increasing. According to Zillow, the 1-year price projection is 0.2%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $158,000 | 7.1% |
| Single Family | $158,000 | 8.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $155,000 | 6.9% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Cambridge, IL
Cambridge, IL lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $300 | $300 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $300 | $300 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Cambridge, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Cambridge, IL is 109. This is a increase of 94.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $148,000 | -4.0% |
Listing Count | 6 | -14.0% |
| Listings as % of Homes | 0.6% | -14.0% |
Days on Market | 109 | 94.0% |
Demographics — Cambridge, IL
As of the latest ACS Survey released in 2023, Cambridge, IL has a population of 2,700, which has decreased by -23.5% over the past 5 years. Cambridge, IL is a moderately popular place for families, as children make up 22.4% of the population. The area has a poorly educated workforce, with 19.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,700 | -23.5% |
% Under 18 | 22.4% | -1.3% |
% Seniors | 15.6% | -22.8% |
% WFH | 7.8% | 110.8% |
% w/ College Degree | 19.4% | 20.5% |
As of the latest ACS Survey released in 2023, Cambridge, IL is a predominantly white area, with 92.9% of the population identifying as white. The white population has shrunk by 2.8% in the last 5 years. The second most common race or ethnicity in Cambridge, IL is black, making up 2.0% of the population. Foreign-born residents account for 0.9% of the population in Cambridge, IL, and this percentage has increased by 28.6% 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 | 92.9% | -2.8% |
% Black | 2.0% | -13.0% |
% Hispanic | 0.4% | -69.2% |
% Asian | 0.7% | 133.3% |
% Foreign Born | 0.9% | 28.6% |
Mortgage and Risk — Cambridge, IL
According to HUD data as of 2023, there were 68 mortgage originations in Cambridge, IL, of which 82.0% of loans were conventional mortgages. The average loan-to-value was 74.0%, with 34.0% above 90% LTV (very high). This implies large mortgage risk in Cambridge, IL. Investor activity is low, as 4.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 68 |
% Conventional Loans | 82.0% |
% Government Loans | 18.0% |
% Investor Loans | 4.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Cambridge, IL
Cambridge, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 29 |
Total Units Section 8 | 29 |
% Rentals under Section 8 | 27.1% |
% Occupied Section 8 | 93.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $590 | $300 | $890 |
| 2 Bedroom | N/A | N/A | $1,100 |
| 3 Bedroom | N/A | N/A | $1,430 |
| 4 Bedroom | N/A | N/A | $1,690 |
Affordability — Cambridge, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.9 |
| Median Home Price | $158,000 |
| Median Household Income | $75,300 |