Why Live in Cambridge Woods
Cambridge Woods in Milwaukee is a neighborhood known for its historic homes, including bungalows and workers' cottages from the 1910s. The area has evolved over the years, particularly with the establishment of the University of Wisconsin Milwaukee in 1956, leading to an increase in apartment complexes and landlord-owned properties. Single-family homes range from $260,000 to $490,000, while multi-family houses are slightly higher, selling between $300,000 and $530,000. The neighborhood is characterized by slender lots, alleyways with detached garages, and tall trees lining the sidewalks. Cambridge Woods is within walking distance of the Milwaukee River, where residents enjoy fishing, canoeing, and kayaking. The Milwaukee River Greenway runs through the neighborhood, offering a rural feel despite being in a large city. Hubbard Park Beer Garden and Riverside Park are popular local features. North Oakland Avenue provides various dining options, including local favorites like Shahrazad Restaurant and Lisa's Pizzeria. The neighborhood hosts several community events, such as a potluck in July, an ice cream social in September, and a chili fest in February. The Milwaukee County Transit System Green Line serves the area, but most residents drive or bike, with the Oak Leaf Trail being a key route. Ascension Columbia St. Mary's Hospital is 2 miles away, and Milwaukee Mitchell International Airport is 13 miles south.
Frequently Asked Questions
Is Cambridge Woods a good place to live?
Cambridge Woods is a good place to live. Cambridge Woods is considered fairly walkable and very bikeable with good transit options. Cambridge Woods is an urban pioneer neighborhood. Cambridge Woods has 6 parks for recreational activities. It is very dense in population with 23.8 people per acre and a median age of 27. The average household income is $59,384 which is below the national average. College graduates make up 58.4% of residents. A majority of residents in Cambridge Woods are renters, with 75.5% of residents renting and 24.5% of residents owning their home. A
local real estate agent serving Cambridge Woods can help you decide if this neighborhood is the right one for you. Learn more on our
Cambridge Woods neighborhood guide.
How much do you need to make to afford a house in Cambridge Woods?
The median home price in Cambridge Woods is $525,000. If you put a 20% down payment of $105,000 and had a 30-year fixed mortgage with an interest rate of 6.72%, your estimated principal and interest payment would be $2,720 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $117K a year to afford the median home price in Cambridge Woods. The average household income in Cambridge Woods is $59K.
What are the best public schools in Cambridge Woods?
The best public schools that serve Cambridge Woods are:
What are the best private schools in Cambridge Woods?
The best private schools that serve Cambridge Woods are:
What are the most popular zip codes in Cambridge Woods, Milwaukee, WI?
What are the most popular neighborhoods near Cambridge Woods, Milwaukee, WI?
Home Trends in Cambridge Woods, WI
On average, homes in Cambridge Woods, Milwaukee sell after 40 days on the market compared to the national average of 70 days. The median sale price for homes in Cambridge Woods, Milwaukee over the last 12 months is $394,150.
Median Sale Price
$394,150
Median Single Family Sale Price
$577,500
Median 1 Bedroom Sale Price
$105,000
Average Price Per Sq Ft
$200
Number of Homes for Sale
1
Last 12 months Home Sales
13
Median List Price
$525,000
Median Change From 1st List Price
2%