The typical owner-occupied home in Cambridge is worth about $289,300, 31% below the Idaho median of $418,600 and 13% below the national median of $332,700. Owners pay a median $811 a year in property taxes, about 0.28% of their home's value, lower than the Idaho rate of 0.49%. The median household earns $50,833 a year, so the median home costs 5.7 times the median income (5.4 times for Idaho). 65% of occupied homes here are lived in by their owners, and 60% of those owners still have a mortgage.
Cambridge at a glance
| Cambridge | Idaho | U.S. | |
|---|---|---|---|
| Median home value | $289,300 | $418,600 | $332,700 |
| Median property tax paid per year | $811 | $2,038 | $3,119 |
| Property tax as a share of value | 0.28% | 0.49% | 0.94% |
| Median household income | $50,833 | $77,800 | $80,734 |
| Homes lived in by their owners | 65% | 72% | 65% |
| Owner homes with a mortgage | 60% | 62% | 61% |
| Median monthly costs, owners with a mortgage | $1,025 | $1,687 | $1,963 |
| Those costs as a share of the owners' income | 27.5% | 20.7% | 21.0% |
| Median rent | $850 | $1,238 | $1,413 |
| Rent as a share of renters' income | 28.8% | 28.7% | 30.6% |
| Median year homes were built | 1955 | 1991 | 1980 |
| Vacant homes | 21.5% | 10.3% | 10.1% |
| Population | 324 | 1,934,262 | 334,922,499 |
What a typical home costs per month in Cambridge
At this week's average 30-year rate of 7.11%, buying the median Cambridge home of $289,300 with 20% down costs about $1,745 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,227, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $74,784 for the 20%-down payment. That payment is 41% of the median Cambridge household income of $50,833; at that income and 20% down, the 28% guideline points to a home of about $197,000.
The median rent here is $850 a month, so owning the median home costs about $895 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $57,860 |
|---|---|
| Loan amount | $231,440 |
| Principal and interest | $1,557 |
| Property taxes (0.28% a year) | $68 |
| Homeowners insurance (our estimate, 0.5% a year) | $121 |
| PMI | $0 |
| Total per month | $1,745 |
Change the numbers in the calculator
| Down payment | $10,126 |
|---|---|
| Loan amount | $284,060 |
| Principal and interest | $1,911 |
| Property taxes (0.28% a year) | $68 |
| Homeowners insurance (our estimate, 0.5% a year) | $121 |
| FHA mortgage insurance | $128 |
| Total per month | $2,227 |
Change the numbers in the calculator
Questions about home buying in Cambridge
What is the median home value in Cambridge?
About $289,300 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Cambridge?
Homeowners pay a median $811 a year, which is about 0.28% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Cambridge?
For the median home with 20% down at 7.11%, the payment is about $1,745 a month. Keeping that under 28% of gross income takes about $74,784 a year.
More about Cambridge
- Mortgage Refinance in Cambridge
- Debt Relief in Cambridge
- Home Equity Loans in Cambridge
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data