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Cambridge Ohio Real Estate
The Cambridge Ohio real estate market is definitely off of the beaten path for those looking for the next real estate investment opportunity. Still, some potential investors have recently been eyeing the small historic town. Let's look to see if repositioning some your equity from some of the other over-heated markets makes any strategic sense.
Cambridge, Ohio, located near Amish country at the base of the Appalachian Mountains, is a small town with a population of 21,000. Cambridge is known for its historic glassmaking shops, museums, railroad bridges, and driving paths, and has one of the lowest crime rates in the state of Ohio.
Cambridge Ohio real estate prices may come as a pleasant shock to those unfamiliar with the region. The median home price is $89,000, and current Cambridge Ohio real estate listings contain homes ranging from $35,000 for a two bedroom one bath, to $595,000 for an eight bedroom, five bathroom Victorian mansion.
However, recent surveys, report that the median investment property values in terms of appreciation and consistent cash-flow potential are significantly below the state average. One explanation may be the endemic high unemployment in the region.
Another thing to consider is the fact that Cambridge is located sixty miles from the nearest colleges and universities. With only tourism available to really drive rentals, it not surprising to find that both demand and of current number of total rental units (occupied and unoccupied) is fairly low.
Based on the information available, rational reasons for investing in Cambridge Ohio real estate would be a stretch at this time. On the other hand, if you have the investment capital and a fondness for three-story Victorian mansions, Cambridge Ohio real estate might be the answer, as long as you are able to hang on to the property until market conditions improve. And just think of how fun it would be to mention your "investment mansion" in casual conversation!
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