The housing market in 02142 Cambridge, MA is quite strong. Median value for a house in this area is $1,317,800, significantly higher than the US median of $338,100. In the past year, US houses have appreciated by 8.27% while houses in 02142 Cambridge, MA have appreciated by 5.64%. This suggests that although the housing market in 02142 Cambridge, MA may be slightly slower than the rest of the nation’s market, it has still seen strong gains and is likely to remain strong into the future.
The median home cost in Cambridge (zip 02142) is $1,317,800. Home appreciation the last 10 years has been 104.4%. Home Appreciation in Cambridge (zip 02142) is up 10.6%.
Average Age of Homes
- The median age of Cambridge (zip 02142) real estate is 17 years old
The Rental Market in Cambridge (zip 02142)
- Renters make up 66.2% of the Cambridge (zip 02142) population
- 3.2% of houses and apartments in Cambridge (zip 02142), 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.