Market Overview
Home Prices in Cambridge, NE
The median home value in Cambridge, NE is $162,512 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 2.7% compared to a year ago and down 11.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in Cambridge are priced60% below average.
Over the past five years, Cambridge home values have fallen by approximately11.4%, reflecting softening conditions in this market.
Price History
Cambridge Home Price Trend
2020
$157,774
$158K
—
2021
$183,417
$183K
+16.3%
2022
$195,790
$196K
+6.7%
2023
$190,971
$191K
-2.5%
2024
$189,196
$189K
-0.9%
2025
$166,952
$167K
-11.8%
2026
$162,512
$163K
-2.7%
City Comparison
Cambridge vs. National Median
🏠 Cambridge
$162,512
National Median
$410,000
At $162,512, homes in Cambridge cost 60% below the national median of $410,000. This makes Cambridge a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Cambridge?
20% Down Payment
$32,502
on $162,512
Monthly P&I
$848/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,077/mo
incl. taxes & insurance
Income Needed
$43,080
gross annual (30% rule)
10% Down Option
$16,251
+ PMI applies
Loan Amount (20% dn)
$130,010
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, NE?
The median home value in Cambridge is $162,512 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 2.7% year-over-year.
How much have home prices changed in Cambridge?
Over the past year, home values in Cambridge have decreased by 2.7%. Over five years, prices have fallen approximately 11.4%.
How much do I need to earn to buy a home in Cambridge?
To comfortably afford the median home price of $162,512 with a 20% down payment ($32,502) at today's rates (6.8%), you'd need a gross annual income of approximately $43,080. This assumes keeping total housing costs at or below 30% of gross income.
How does Cambridge compare to the national average home price?
The national median home value is approximately $410,000. At $162,512, homes in Cambridge are 60% below the national average.