Cambridge, IL 61238 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Cambridge, IL—61238

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$159,000

7.7% YoY Growth

Household Income

$75,300

21.2% YoY Growth

Days on Market

9.0% Longer YoY

Home Price Forecast

0.7%

Median Rent

$300

N/A

1-Bed Rent

$300

N/A

2-Bed Rent

N/A

3-Bed Rent

N/A

Home Price Trends — Cambridge, IL

As of Dec '25, the median home price in Cambridge, IL is $159,000, with a year-over-year change of 7.7%. This indicates that home prices in Cambridge, IL are increasing. According to Zillow, the 1-year price projection is 0.7%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$159,000	7.7%
Single Family	$159,000	8.2%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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% of Rental Stock

Studio

5.6%

1 Bedroom

27.1%

2 Bedrooms

30.8%

3 Bedrooms

27.1%

4 Bedrooms

9.3%

Property Listings — Cambridge, IL

As of Dec '25, Realtor.com reports that the median days on market for a home in Cambridge, IL is 134. This is a increase of 91.0% 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	$127,000	-4.0%
Listing Count	9	-42.0%
Listings as % of Homes	0.6%	-42.0%
Days on Market	26	9.0%

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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%

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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%

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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%

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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

Cambridge, IL—61238

Key Metrics at a Glance

Home Price Trends — Cambridge, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Cambridge, IL

% of Rental Stock

Property Listings — Cambridge, IL

Demographics — Cambridge, IL

Race and Ethnicity

Mortgage and Risk — Cambridge, IL

Mortgages

Rentals and Section 8 — Cambridge, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Cambridge, IL

Home Price to Income Ratio

Cambridge, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Bishop Hill

Andover

Osco, IL

Woodhull, IL

Altona, IL

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	1.9
Median Home Price	$159,000
Median Household Income	$75,300

Cambridge, IL—61238

Key Metrics at a Glance

Home Price Trends — Cambridge, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Cambridge, IL

% of Rental Stock

Property Listings — Cambridge, IL

Demographics — Cambridge, IL

Race and Ethnicity

Mortgage and Risk — Cambridge, IL

Mortgages

Rentals and Section 8 — Cambridge, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Cambridge, IL

Home Price to Income Ratio

Cambridge, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Bishop Hill

Andover

Osco, IL

Woodhull, IL

Altona, IL

Frequently Asked Questions

What is the average home price in Cambridge, IL 61238?

How have home prices in Cambridge, IL 61238 changed over the past year?

What is the home price projection for Cambridge, IL 61238?

What are the demographics of Cambridge, IL 61238?

How long does it take homes to sell in Cambridge, IL 61238?

What is the average rent price in Cambridge, IL 61238?