Cambridge, MD
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Cambridge Neighborhoods Since 2000




Cambridge, MD Real Estate Data

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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Cambridge Housing Market Information

With a population of 12,507, 5,129 total housing units (homes and apartments), and a median house value of $150,716, 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 53.10% of the city's housing units. Other types of housing that are prevalent in Cambridge include large apartment complexes or high rise apartments ( 21.00%), duplexes, homes converted to apartments or other small apartment buildings ( 15.10%), and a few row houses and other attached homes ( 8.84%).

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 31.33% of the city's housing hails from this era. Other housing ages represented in Cambridge include homes built before 1939 ( 24.66%) and housing constructed between 2000 and later ( 22.84%). There's also some housing in Cambridge built between 1970-1999 ( 21.18%).

Vacant housing appears to be an issue in Cambridge. Fully 18.15% 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 32.79% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Cambridge home appreciation rates at 0.00%, which equates to an annual appreciation rate of 0.00%.

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 -0.11%, 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 0.00%, which equates to an annual appreciation rate of 0.00%.

Relative to Maryland, our data show that Cambridge's latest annual appreciation rate is lower 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:
$150,716

Cambridge, MD HOME PRICES

Value Range
> $1,030,000 0.5
$773,001 - $1,030,000 0.2
$515,001 - $773,000 1.5
$412,001 - $515,000 1.8
$309,001 - $412,000 7.8
$206,001 - $309,000 19.6
$103,001 - $206,000 43.9
$51,001 - $103,000 16.2
$0 - $51,000 8.5

Very Low for MD
Average for Nation

Value Relative to Nation Value Relative to State
49.6367045587718 88.1679389312977

Number Of Homes And Apartments:
5,129

Cambridge Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MD*
Compared To
America*
Latest Quarter:
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
Since 2000:
2000 Q1 - 2017 Q1
23.45% 1.23% 1 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,217 / per month

Homeownership Rate

Homeownership
Owners 36.28
Renters 63.72
Vacant 18.15

Housing Market Details

 

Age of Homes

AGE OF Cambridge HOMES
2000 or Newer 22.8
1970 - 1999 21.2
1940 - 1969 31.3
1939 or Older 24.7

Types of Homes

TYPE OF Cambridge HOMES
Single-Family 53.1
Townhomes 8.8
Small Apt. Buildings 15.1
Apt. Complexes 21.0
Mobile Homes 1.7
Other 0.3

Home Size

SIZE OF Cambridge HOMES
No Bedroom 0.26
1 Bedroom 15.48
2 Bedrooms 34.95
3 Bedrooms 36.74
4 Bedrooms 9.18
5 or more bedrooms 3.40

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Zip Codes in Cambridge, MD