Cambridge, MD Real Estate Market

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Cambridge, MD Housing Market Trends

With 12,260 people, 5,047 houses or apartments, and a median cost of homes of $160,827, house prices in Cambridge are solidly below the national average.

Single-family detached homes are the single most common housing type in Cambridge, accounting for 55.18% of the city's housing units. Other types of housing that are prevalent in Cambridge include large apartment complexes or high rise apartments ( 22.14%), duplexes, homes converted to apartments or other small apartment buildings ( 11.43%), and a few row houses and other attached homes ( 9.94%).

People in Cambridge primarily live in small (one, two or no bedroom) single-family detached homes. Cambridge has a mixture of owner-occupied and renter-occupied housing.

Cambridge homes and real estate are some of the newest in America. 25.87% of Cambridge's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Cambridge real estate market has to offer. Quite a bit of the housing here was also built between 1940-1969 ( 25.17%), and between 1970-1999 ( 24.97%). There's also some housing in Cambridge built before 1939 ( 23.99%).

Vacant housing appears to be an issue in Cambridge. Fully 21.48% of the housing stock is classified as vacant. Left unchecked, vacant Cambridge homes and apartments can be a drag on the real estate market, holding Cambridge 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.

Cambridge Home Appreciation Rates

Some of the lowest real estate appreciation rates in America over the last ten years have been in Cambridge, where house values have increased just 7.05%, which is annualized rate of 0.68%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.

Over the last year, Cambridge appreciation rates have trailed the rest of the nation. In the last twelve months, Cambridge's appreciation rate has been 4.35%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Cambridge were at 0.42%, which equates to an annual appreciation rate of 1.69%.

Notably, Cambridge's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Maryland, our data show that Cambridge's latest annual appreciation rate is higher than 50% of the other cities and towns in Maryland.

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.

Average Home Values

 

Median Home Value:
$160,827

Cambridge, MD HOME PRICES

> $1,144,000
0.7%
0.7%
$858,001 - $1,144,000
1.4%
1.4%
$572,001 - $858,000
2.5%
2.5%
$457,001 - $572,000
1.9%
1.9%
$343,001 - $457,000
8.8%
8.8%
$229,001 - $343,000
20.1%
20.1%
$114,001 - $229,000
40.7%
40.7%
$57,001 - $114,000
18.1%
18.1%
$0 - $57,000
5.9%
5.9%
0.0% 100.0%
% OF HOMES
Value Relative To State

Average for Nation

Very Low for MD

Value Relative To Nation

Number Of Homes And Apartments:
5,047

Cambridge Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MD*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
45.23% 1.79%
1
2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,297 / per month

Homeownership Rate

Owners
40.0%
40.0%
Renters
60.0%
60.0%
Vacant
21.5%
21.5%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
25.9%
25.9%
1970 - 1999
25.0%
25.0%
1940 - 1969
25.2%
25.2%
1939 or Older
24.0%
24.0%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
55.2%
55.2%
Townhomes
9.9%
9.9%
Small Apt. Buildings
11.4%
11.4%
Apt. Complexes
22.1%
22.1%
Mobile Homes
1.3%
1.3%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.5%
0.5%
1 Bedroom
13.0%
13.0%
2 Bedrooms
36.5%
36.5%
3 Bedrooms
33.6%
33.6%
4 Bedrooms
13.9%
13.9%
5 or more bedrooms
2.5%
2.5%
0.0% 100.0%
% OF HOMES

Popular Communities Near Cambridge, MD

Zip Codes in Cambridge, MD