Get & compare mortgage quotes anonymously Start in My Home

Safe Rate Local

Cambridge

Learn about the people, housing, costs and businesses in Cambridge, Indiana

Median Home$109,900
Median Rent$776/month
Population1,705
Leading IndustryRetail21% of local workforce
Home Value Growth+7.4% over 2 years
Retirees22% of residentsnear the national average
Homeowners77% of occupied units
NotableVeteran Community11% of residents · top 9% nationally
NotableAffordable Market$110k median home · lower cost than 88% of the country
Cambridge City
IN

Frequently Asked Questions

What are today's mortgage rates in Cambridge?

As of today, the 30-year fixed mortgage rate for Cambridge is approximately 7.329% (7.380% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Cambridge
What is the median home price in Cambridge?

The median home value in Cambridge is $110k. The median monthly rent is $776. Annual property taxes average $863. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Cambridge?

Home values in Cambridge have increased 7.4% over the past two years. This represents moderate growth. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Cambridge?

Based on a typical all-in ownership cost of $753/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $32k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Cambridge is $58k/year.

Calculate your buying power
What industries drive the economy in Cambridge?

The largest employment sectors in Cambridge are public administration (23%) and retail (21%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.