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Cambridge, IL Real Estate


According to census data in the year 2000 there were 901 housing units in Cambridge. This represents a 2.9% growth from 876 in 1990.

Of those housing units, none were located in either urbanized areas or urban clusters, and 901 were located in what is classified as a rural area.

Homeownership rate in Cambridge is about 79.5%. Cambridge's vacancy rate, including seasonal lodging, is about 3.8%. Average household size is 2.46 people.

The majority of houses, apartments or condos in Cambridge were built after 1952.

Statistics

Housing Size

Housing Units by Size
Studio Type1.20%
One Bedroom6.90%
Two Bedrooms31.50%
Three Bedrooms48.20%
Four Bedrooms11.30%
Five Bedrooms or more0.90%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.57
Median year structure was built1952
Median Value of occupied units$74,000
Median Price asked for vacant units$57,500

Rented Homes, Apartments and Condos

Average Household Size2.01
Median year structure was built1951
Median Monthly Rent asked for vacant units$225

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.80%
Second Mortgage5.40%
Home Equity Loan7.60%
Simple Mortgage43.60%
Debt Free42.70%
As % of Housing Units
         
Median part of Monthly Household Income dedicated to covering home ownership costs16.2%