Cambridge, OH Housing Market

Market Overview

Cambridge, OH has a PropertyIQ Score of 24 out of 100, indicating a weak market position relative to broader Ohio benchmarks. The median home value is $167,059, which is about 33% below the state average of $248,803. The rent index is $800, about 19% below the state average of $988, and median household income is $55,756, about 20% below the state benchmark of $69,680. These figures paint a picture of a lower-cost, lower-income market. The unemployment rate matches the state average at 3.4%, providing some economic consistency, but population growth data is not available.

The score’s top drivers reflect mixed signals. Twelve-month home value momentum is positive at 7.15%, but three-month momentum has turned negative at -1.32%, and the year-over-year home value change is -$1. Median days on market is 68 days, and 25.3% of listings have had a price cut. With 88 homes for sale, the data points to a market where prices are flattening and buyers are taking time to commit.

Compared with state benchmarks, Cambridge is more affordable in raw price but also has lower incomes. The lower cost may attract value-seeking buyers, but the weak PropertyIQ Score and recent price softness mean the market is not showing strong appreciation signals.

Key Trends

The first trend is relative affordability. Cambridge’s median home value of $167,059 is well below the state average of $248,803, and using the provided income figures, the median home value is about 3.0 times the median household income, compared with about 3.6 times at the state level. This suggests housing is slightly more attainable locally, though incomes are also lower.

Second, price momentum is cooling. The 12-month home value momentum of 7.15% shows there was prior upward movement, but the 3-month momentum of -1.32% and the year-over-year home value change of -$1 indicate that short-term momentum has softened. This is one of the top score drivers and helps explain the low PropertyIQ Score.

Third, the market is moving at a slower pace. Median days on market is 68 days, and 25.3% of active listings have had a price cut. With 88 homes for sale, inventory is not extreme, but the share of price cuts suggests sellers are adjusting expectations to meet buyer demand.

Fourth, the rental environment is lower cost. The rent index of $800 is below the state average of $988. For renters, this is a cost advantage, but for residential investors, it means lower gross rent potential relative to state averages. Based on the provided data, the implied gross rent yield is around 5.7% locally, compared with about 4.8% for the state benchmark, because the lower home prices offset the lower rent index.

Who Is This Market For

Based on the numbers, Cambridge may suit budget-conscious first-time buyers and local owner-occupants. The median home value of $167,059 is significantly below the state average, and the local price-to-income ratio is more favorable than the state benchmark. The matching unemployment rate of 3.4% can offer some confidence in local job stability for buyers who plan to live in the area.

The market may also attract value-focused residential investors, particularly those who prioritize yield over appreciation. The rent index of $800 is low in absolute terms, but the lower median home value means the implied gross rent yield is higher than the state benchmark. However, the weak PropertyIQ Score of 24 out of 100, negative 3-month momentum, and year-over-year home value change of -$1 suggest that investors should not expect rapid appreciation in the near term.

Move-up buyers and those relying on home equity growth may find this market less attractive. With 25.3% of listings cutting prices and a median days on market of 68 days, sellers may face longer timelines. The absence of population growth data makes it difficult to identify a demographic demand driver, so this market is best suited to buyers and investors who value affordability and cash flow potential over momentum.

Outlook

The near-term outlook for Cambridge is cautious and grounded in the recent data. The 12-month home value momentum of 7.15% shows the market had some upward price movement over the past year, but the 3-month momentum of -1.32% and the year-over-year home value change of -$1 indicate that momentum has stalled or reversed slightly. With median days on market at 68 days and 25.3% of listings showing price cuts, sellers may continue to need patience and flexibility. The unemployment rate remains stable at 3.4%, matching the state average, which supports some underlying economic stability. However, without population growth data, the data does not point to an imminent demand surge. Overall, the provided metrics support a soft-to-stable outlook, with limited price growth likely in the near term and conditions more favorable to buyers and value-oriented investors than to sellers seeking appreciation.