View in Interactive Map
  1. Home
  2. /Browse ZIP Codes
  3. /Minnesota
  4. /Cambridge, MN - 55008

Cambridge, MN—55008

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$333,000
1.4% YoY Growth
Household Income
$83,200
21.9% YoY Growth
Days on Market
46
72.0% Longer YoY
Home Price Forecast
-0.4%
Median Rent
$1,950
19.1% YoY Growth
1-Bed Rent
$1,050
6.7% YoY Growth
2-Bed Rent
$1,510
10.4% YoY Growth
3-Bed Rent
$2,300
7.4% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Cambridge, MN

As of May '26, the median home price in Cambridge, MN is $333,000, with a year-over-year change of 1.4%. This indicates that home prices in Cambridge, MN are increasing. According to Zillow, the 1-year price projection is -0.4%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$333,0001.4%
Single Family $334,0001.2%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed

Browse ZIP Codes by State

All states and cities →
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • District of Columbia
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Puerto Rico
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming
  • Affordability
  • Rentals and Section 8
    • $255,000
    -0.8%
    2 Bed
    		$278,000-0.4%
    3 Bed
    		$342,0001.8%
    4 Bed
    		$364,0001.7%
    5 Bed $408,2642.1%
    Loading chart...

    % of Housing Stock

    Studio
    0.8%
    1 Bedroom
    8.3%
    2 Bedrooms
    32.0%
    3 Bedrooms
    34.1%
    4 Bedrooms
    20.0%
    5+ Bedrooms
    4.8%

    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.

    TypeMedian RentAverage Rent
    Average Rent$1,950$1,930
    Studio Rent N/AN/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
    Loading chart...

    % of Rental Stock

    Studio
    2.0%
    1 Bedroom
    24.0%
    2 Bedrooms
    61.7%
    3 Bedrooms
    9.3%
    4 Bedrooms
    2.9%

    Property Listings — Cambridge, MN

    As of May '26, Realtor.com reports that the median days on market for a home in Cambridge, MN is 46. This is a increase of 72.0% 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 8.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$375,0005.0%
    Listing Count
    		10050.0%
    Listings as % of Homes0.5%50.0%
    Days on Market
    		4672.0%
    Loading chart...

    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.

    MetricLatest CensusYoY % Change
    Population
    		16,1002.8%
    % Under 18
    		21.4%-14.7%
    % Seniors
    		19.1%8.5%
    % WFH
    		9.2%148.6%
    % w/ College Degree
    		20.6%2.5%
    Loading chart...

    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

    MetricLatest Census5-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%
    Loading chart...

    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

    MetricZip 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%
    Loading chart...
    Loading chart...

    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 SizeHUD PremiumMarket RentMax 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

    MetricZip Code Average
    Home Price to Income Ratio3.8
    Median Home Price$333,000
    Median Household Income$83,200

    Cambridge, MN — ZIP Code Boundary Map

    Loading map...

    Nearby ZIP Codes

    Stanchfield, MN

    55080

    Isanti, MN

    55040

    Braham, MN

    55006

    East Bethel, MN

    55005

    Dalbo, MN

    55017

    Frequently Asked Questions