Foreclosure Homes in Cambridge, MN 55008

Current Market Conditions in Cambridge, MN

Currently, the real estate market in Cambridge is experiencing a steady increase in home prices, driven by the influx of families and individuals from the Twin Cities. The demand for homes has led to a competitive market, with many listings receiving multiple offers. However, prices remain relatively affordable compared to the metropolitan areas, attracting buyers seeking value.

Over the past few years, Cambridge has seen significant growth in new home developments, which has contributed to a diverse housing market. The combination of established homes and newly constructed properties gives potential buyers various options to consider.

Rent Prices In Cambridge, MN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Cambridge, MN, is on a rollercoaster ride. The average rent price in Cambridge, MN, is $1,661.00. Indeed, when looking to rent in Cambridge, MN, you can expect to pay as little as $780.00 or as much as $3,760.00, with the average rent median estimated to be $1,640.00. The good news is that finding an affordable and desirable property to rent in Cambridge, MN -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.