Total monthly cost of ownership
Cost to Own a Home in Cambridge, Minnesota
A $235,000 home here costs
$1,985per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,208. The real number is $777 higher every month — 64% more than the payment most buyers budget for.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Cambridge against Isanti County and Minnesota
| Measure | Cambridge | Isanti County |
|---|---|---|
| Median home value | $234,800 | $283,200 |
| Median property tax | $3,103 | $2,951 |
| Effective tax rate | 1.322% | 1.042% |
| Median gross rent | $1,232 | $1,241 |
| Population | 9,992 | 41,934 |
The weather behind that power bill
Cambridge sits in Isanti County, which averages a high of 81.8°F in its hottest month and a low of 3.6°F in its coldest, with 29.66" of precipitation a year and 41% of it in a single three-month stretch. That climate drives 546 cooling and 8,124 heating degree days, which is what sets the $152 electricity line above.
See the full climate breakdown for Isanti County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Isanti County
Full Isanti County cost breakdown · Every county in Minnesota
Common questions
How much does it cost to own a home in Cambridge?
A $235,000 home in Cambridge, Minnesota costs approximately $1,985 per month with 20% down at 6.66%. That is $1,208 principal and interest, $259 property tax, $102 homeowners insurance, $220 utilities and $196 set aside for maintenance.
What is the property tax rate in Cambridge?
Cambridge has an effective property tax rate of 1.322%, based on a median home value of $234,800 and median real estate taxes of $3,103. That is higher than the Isanti County average of 1.042%.
What is the average home price in Cambridge?
The median owner-occupied home value in Cambridge, Minnesota is $234,800, against $283,200 across Isanti County.
Is it cheaper to rent or buy in Cambridge?
Median gross rent in Cambridge is $1,232 a month, against $1,985 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Cambridge — US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance — NAIC average premium for Minnesota.
- Electricity price — EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate — Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.