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Cambridge, IA Real Estate


According to census data in the year 2000 there were 329 housing units in Cambridge. This represents a 14.2% growth from 288 in 1990.

Of those housing units, none were located in either urbanized areas or urban clusters, and 329 were located in what is classified as a rural area.

Homeownership rate in Cambridge is about 87.5%. Cambridge's vacancy rate, including seasonal lodging, is about 5.2%. Average household size is 2.62 people.

The majority of houses, apartments or condos in Cambridge were built after 1964.

Statistics

Housing Size

Housing Units by Size
Studio Type0%
One Bedroom4.90%
Two Bedrooms29.50%
Three Bedrooms50.80%
Four Bedrooms12.80%
Five Bedrooms or more2.10%
As % of Housing Units
         

Owned Homes, Apartments and Condos

Average Household Size2.61
Median year structure was built1966
Median Value of occupied units$83,800
Median Price asked for vacant units$65,000

Rented Homes, Apartments and Condos

Average Household Size2.67
Median year structure was built1946
Median Monthly Rent asked for vacant units$475

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage4.80%
Home Equity Loan4.30%
Simple Mortgage64.30%
Debt Free26.50%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs17.7%