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
With 110,402 people, 43,801 houses or apartments, and a median cost of homes of $748,261, Cambridge house prices are not only among the most expensive in Massachusetts, Cambridge real estate also is some of the most expensive in all of America.
Large apartment complexes or high rise apartments are the single most common housing type in Cambridge, accounting for 53.08% of the city's housing units. Other types of housing that are prevalent in Cambridge include duplexes, homes converted to apartments or other small apartment buildings ( 31.47%), single-family detached homes ( 8.97%), and a few row houses and other attached homes ( 6.33%). Cities that are predominantly high-density buildings are relatively uncommon in the US. Because of the density, these types of cities are often walkable and compact, and often have a lively downtown.
Cambridge is dominated by renter-occupied one, two, or no bedrooms apartments. 68.82% of Cambridge's dwellings are rentals.
The housing in Cambridge was primarily built before 1939 ( 52.74%), making the housing stock in Cambridge some of the oldest overall in America, although there is a range of ages of homes in Cambridge. The next most important housing age is between 1970-1999 ( 19.63%), followed by between 1940-1969 ( 17.90%). There's also some housing in Cambridge built between 2000 and later ( 9.73%).
In the last 10 years, Cambridge has experienced some of the highest home appreciation rates of any community in the nation. Cambridge real estate appreciated 67.92% over the last ten years, which is an average annual home appreciation rate of 5.32%, putting Cambridge in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Cambridge definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Appreciation rates are so strong in Cambridge that despite a nationwide downturn in the housing market, Cambridge real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Cambridge appreciation rates continue to be some of the highest in America, at 8.06%, which is higher than appreciation rates in 87.00% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Cambridge. Cambridge appreciation rates in the latest quarter were at 1.07%, which equates to an annual appreciation rate of 4.36%.
Relative to Massachusetts, our data show that Cambridge's latest annual appreciation rate is higher than 90% of the other cities and towns in Massachusetts.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Cambridge differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Cambridge - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Cambridge real estate investment or home purchase decisions.
|$1,031,001 - $1,375,000||14.9|
|$687,001 - $1,031,000||26.8|
|$550,001 - $687,000||20.6|
|$413,001 - $550,000||14.9|
|$275,001 - $413,000||4.9|
|$138,001 - $275,000||2.4|
|$69,001 - $138,000||0.3|
|$0 - $69,000||1.1|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Cambridge HOMES|
|2000 or Newer||9.7|
|1970 - 1999||19.6|
|1940 - 1969||17.9|
|1939 or Older||52.7|
|TYPE OF Cambridge HOMES|
|Small Apt. Buildings||31.5|
|SIZE OF Cambridge HOMES|
|5 or more bedrooms||3.19|