The housing market in Cambridge, MA 02140 is very expensive compared to the national average. According to current data, the median value of a house in 02140 is $872,200 which is more than double the US house median value of $338,100. Furthermore, while the US saw an 8.27% increase in house values over the past year, Cambridge saw only a 5.64% increase. This suggests that while houses in Cambridge are incredibly expensive relative to other areas of the country, home values have not seen as steep of an appreciation as other regions have experienced in the past year.
The median home cost in Cambridge (zip 02140) is $872,200. Home appreciation the last 10 years has been 104.4%. Home Appreciation in Cambridge (zip 02140) is up 10.6%.
Average Age of Homes
- The median age of Cambridge (zip 02140) real estate is 67 years old
The Rental Market in Cambridge (zip 02140)
- Renters make up 59.0% of the Cambridge (zip 02140) population
- 2.6% of houses and apartments in Cambridge (zip 02140), 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.