The housing market in Cambridge, MD is thriving. The median value for a house in the area is $232,000, which is lower than the US house median value of $338,100. Although the median value may be lower than the national average, the 1 year appreciation rate of 9.21% in Cambridge, MD exceeds that of the national average of 8.27%. This suggests that Cambridge, MD is a good place to invest in housing and that prices are likely to continue to rise over time.
The median home cost in Cambridge is $232,000. Home appreciation the last 10 years has been 56.7%. Home Appreciation in Cambridge is up 14.5%.
Average Age of Homes
- The median age of Cambridge real estate is 49 years old
The Rental Market in Cambridge
- Renters make up 51.4% of the Cambridge population
- 2.1% of houses and apartments in Cambridge, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.