Cambridge Metro Area, MD Housing

The housing market in the Cambridge, MD Metro Area is thriving. Median value for a house is $234,700, which is significantly lower than the US median of $338,100. Despite the lower cost of buying a home in the area, it has seen an incredible appreciation rate in the last year at 14.42%. This is substantially higher than the national average of 8.27%, indicating that Cambridge's real estate market remains strong and stable. Those looking to buy a home in Cambridge can look forward to great value and long-term appreciation potential.

The median home cost in Cambridge Metro Area is $234,700. Home appreciation the last 10 years has been 57.2%. Home Appreciation in Cambridge Metro Area is up 14.5%.

Average Age of Homes

- The median age of Cambridge Metro Area real estate is 43 years old

The Rental Market in Cambridge Metro Area

- Renters make up 27.5% of the Cambridge Metro Area population
- 1.5% of houses and apartments in Cambridge Metro Area, 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Cambridge, Maryland	United States
	16,433.0	139,647,020.0
	47	42
	$234,700	$338,100
	14.5%	16.6%
	47.1%	57.0%
	57.2%	101.1%
	$10.90	$10.98
	$2,074	$2,690
	55.0%	57.4%
	20.1%	11.2%
	24.9%	31.4%
Vacant Housing
	1.5%	1.9%
	0.2%	0.4%
	0.6%	0.7%
	0.3%	0.4%
	8.1%	3.6%
	9.5%	4.1%
Value of Owner-Occupied Housing
	3.5%	2.6%
	1.4%	2.4%
	3.5%	2.8%
	4.1%	3.9%
	5.3%	4.5%
	15.8%	11.3%
	19.0%	13.0%
	22.9%	20.1%
	12.2%	13.6%
	4.5%	8.3%
	4.2%	9.7%
	2.2%	3.9%
	0.9%	2.2%
	0.0%	0.8%
	0.5%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	17.8%	13.6%
	17.8%	13.6%
	11.3%	13.6%
	8.7%	13.2%
	13.2%	14.8%
	11.3%	13.6%
	8.8%	10.0%
	6.5%	4.7%
	22.0%	12.2%

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