Cambridge, MD
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Cambridge, MD Real Estate Data


Cambridge Housing Market Information

With a population of 12,507, 5,215 total housing units (homes and apartments), and a median house value of $178,576, Cambridge real estate values are some of the lowest in Maryland, although compared to real estate around the nation, Cambridge homes are still considered rather expensive.

Single-family detached homes are the single most common housing type in Cambridge, accounting for 53.33% of the city's housing units. Other types of housing that are prevalent in Cambridge include large apartment complexes or high rise apartments ( 21.33%), duplexes, homes converted to apartments or other small apartment buildings ( 15.74%), and a few row houses and other attached homes ( 8.03%).

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.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Cambridge's housing was primarily built during this period, from the '40s through the '60s. A full 30.52% of the city's housing hails from this era. Other housing ages represented in Cambridge include homes built between 2000 and later ( 25.74%) and housing constructed before 1939 ( 23.89%). There's also some housing in Cambridge built between 1970-1999 ( 19.85%).

Vacant housing appears to be an issue in Cambridge. Fully 16.05% 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

Homes have actually lost value in Cambridge over the last then years, as home values have seen a decline of 30.18% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Cambridge home appreciation rates at 0.30%, which equates to an annual appreciation rate of 1.22%.

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 6.67%, which is higher than appreciation rates in 81.77% 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 0.30%, which equates to an annual appreciation rate of 1.22%.

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 90% 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:
$178,576

Cambridge, MD HOME PRICES

Value Range
> $1,053,000 0.8
$790,001 - $1,053,000 0.5
$526,001 - $790,000 1.1
$421,001 - $526,000 1.7
$316,001 - $421,000 6.4
$211,001 - $316,000 20.1
$105,001 - $211,000 48.1
$53,001 - $105,000 12.7
$0 - $53,000 8.7

Very Low for MD
High for Nation

Value Relative to Nation Value Relative to State
39.8225683668092 84.0304182509506

Number Of Homes And Apartments:
5,215

Rent & Ownership

 

Average Market Rent:
$1,055 / per month

Homeownership Rate

Homeownership
Owners 37.16
Renters 62.84
Vacant 16.05

Housing Market Details

 

Age of Homes

AGE OF Cambridge HOMES
2000 or Newer 25.7
1970 - 1999 19.8
1940 - 1969 30.5
1939 or Older 23.9

Types of Homes

TYPE OF Cambridge HOMES
Single-Family 53.3
Townhomes 8.0
Small Apt. Buildings 15.7
Apt. Complexes 21.3
Mobile Homes 1.2
Other 0.3

Home Size

SIZE OF Cambridge HOMES
No Bedroom 0.47
1 Bedroom 17.35
2 Bedrooms 31.95
3 Bedrooms 38.14
4 Bedrooms 9.95
5 or more bedrooms 2.14

Cambridge Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MD*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
31.75% 1.64% 1 3
* 10 is highest

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Zip Codes in Cambridge, MD