Market Overview
Home Prices in Cambridge City, IN
The median home value in Cambridge City, IN is $188,843 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3.6% compared to a year ago and up 7.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Cambridge City are priced54% below average. Cambridge City is part of the Richmond, IN metro area.
Over the past five years, Cambridge City home values have risen by approximately37.4%, reflecting strong long-term appreciation in this market.
Price History
Cambridge City Home Price Trend
City Comparison
Cambridge City vs. National Median
At $188,843, homes in Cambridge City cost 54% below the national median of $410,000. This makes Cambridge City a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Cambridge City?
20% Down Payment
$37,769
on $188,843
Monthly P&I
$985/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,251/mo
incl. taxes & insurance
Income Needed
$50,040
gross annual (30% rule)
10% Down Option
$18,884
+ PMI applies
Loan Amount (20% dn)
$151,074
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Cambridge City, IN?
The median home value in Cambridge City is $188,843 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 3.6% year-over-year.
How much have home prices changed in Cambridge City?
Over the past year, home values in Cambridge City have increased by 3.6%. Over five years, prices have risen approximately 37.4%.
How much do I need to earn to buy a home in Cambridge City?
To comfortably afford the median home price of $188,843 with a 20% down payment ($37,769) at today's rates (6.8%), you'd need a gross annual income of approximately $50,040. This assumes keeping total housing costs at or below 30% of gross income.
How does Cambridge City compare to the national average home price?
The national median home value is approximately $410,000. At $188,843, homes in Cambridge City are 54% below the national average.
What metro area is Cambridge City part of?
Cambridge City is part of the Richmond, IN metropolitan area. Home prices and market conditions can vary across the broader metro region.