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Cambridge city, MN

ZIP 55008 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 55008

Median Home Value
$267,400
Median Rent
$1,116
Affordability Snapshot
$74,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,718/mo PITI).

16%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

3.2x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

20.0 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 55008 in Cambridge city, MN, a household would need roughly $74,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,718. That sits below the local median household income ($83,209), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Mostly owner-occupied, low vacancy — stable housing market.

Heating Fuel
Housing Metrics
Owner Occupied
76.8%+17% vs US avg
x
Vacancy Rate
4.7%-55% vs US avg
x
Broadband Access
88.4%+2% vs US avg
x
4+ Bedrooms
4.8%-68% vs US avg
x
Built Pre-1939
2.7%-79% vs US avg
x
Built Post-2014
2.3%-67% vs US avg
x
Rent Burden >30%
26.7%-46% vs US avg
x
Mortgage-Free
32.7%-14% vs US avg
x
$267,400
Home Value
$1,116
Rent
1989
Year Built
2014
Moved In

Residents have lived here since ~2014 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached71.6%
  • 1-unit attached9.2%
  • 2-9 units3.4%
  • 10+ units11.7%
  • Mobile home & other4.1%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$267,400
Median rent$1,116
Owner-occupied76.8%
Vacant4.7%
Price-to-income3.2x
Est. income to buy$74,000