Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 5,678 people, 2,802 houses or apartments, and a median cost of homes of $1,143,615, real estate costs in Cambria are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive California communities.
Single-family detached homes are the single most common housing type in Cambria, accounting for 90.53% of the town's housing units. Other types of housing that are prevalent in Cambria include duplexes, homes converted to apartments or other small apartment buildings ( 5.06%), row houses and other attached homes ( 1.90%), and a few mobile homes or trailers ( 1.37%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Cambria. Owner-occupied housing accounts for 74.43% of Cambria's homes, and 51.65% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Cambria built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Cambria built between 1940-1969 ( 18.66%). A lesser amount of the housing stock also hails from between 2000 and later ( 11.59%). There's also some housing in Cambria built before 1939 ( 2.29%).
Vacant housing appears to be an issue in Cambria. Fully 32.47% of the housing stock is classified as vacant. Left unchecked, vacant Cambria homes and apartments can be a drag on the real estate market, holding Cambria real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Real estate appreciation rates in Cambria's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.28% during the period.
Appreciation rates are so strong in Cambria that despite a nationwide downturn in the housing market, Cambria real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Cambria appreciation rates continue to be some of the highest in America, at 10.16%, which is higher than appreciation rates in 88.08% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Cambria. Cambria appreciation rates in the latest quarter were at -0.15%, which equates to an annual appreciation rate of -0.60%.
Notably, Cambria's appreciation rate in the latest quarter is one of the lowest in America.
Relative to California, our data show that Cambria's latest annual appreciation rate is higher than 80% of the other cities and towns in California.
$1,143,615
for California
for nation
2,802
$3,751 / per month