Cambridge, MN Real Estate
According to census data in the year 2000 there were 2,364 housing units in Cambridge.
This represents a 21.2% growth from 1,950 in 1990.
Of those housing units, 2,214 were located in either urbanized areas or urban clusters, and 150 were located in what is classified as a rural area.
Homeownership rate in Cambridge is about 63%.
Cambridge's vacancy rate, including seasonal lodging, is about 6%.
Average household size is 2.28 people.
The majority of houses, apartments or condos in Cambridge were built after 1976.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.80% |
| One Bedroom | 23.90% |
| Two Bedrooms | 31.70% |
| Three Bedrooms | 29% |
| Four Bedrooms | 10.90% |
| Five Bedrooms or more | 2.70% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.53 |
| Median year structure was built | 1974 |
| Median Value of occupied units | $100,200 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.87 |
| Median year structure was built | 1979 |
| Median Monthly Rent asked for vacant units | $946 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 13.90% |
| Home Equity Loan | 5.60% |
| Simple Mortgage | 56.80% |
| Debt Free | 23.70% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 19.3% |
