Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Cambridge area can be challenging. Home prices in Cambridge are now at a median cost of $947,714, higher than the Massachusetts average of $477,554.
The average cost of rent is $2,411/mo in Cambridge, primarily driven by the current value of real estate in the Cambridge area. While nearly 36.71% of residents own their homes outright in Cambridge, 65.58% rent.
Housing affordability isn’t just about home prices, though. The average household income in Cambridge is $9,270 per month. Households that rent pay about 26.01% of their income on rent here. Cambridge's most expensive areas are in the eastern regions, while the cheapest areas are in the northern parts of the city.
Nearby Cities
- Somerville, MA: less expensive homes
- Allston, MA: less expensive homes
- Watertown, MA: less expensive homes
- Brookline, MA: higher priced homes
- Charlestown, MA: less expensive homes
- Brighton, MA: less expensive homes
- Medford, MA: less expensive homes
- Belmont, MA: equally priced homes
- Watertown Town, MA: less expensive homes
- Boston, MA: less expensive homes
Cities with Similar Populations
- Kalamazoo, MI: less expensive homes
- Katy, TX: less expensive homes
- Hoover, AL: less expensive homes
- Irving, TX: less expensive homes
- Indianapolis, IN: less expensive homes
- Kansas City, MO: less expensive homes
- Kansas City, KS: less expensive homes
- Jackson, MS: less expensive homes
- Humble, TX: less expensive homes
- Huntington Beach, CA: less expensive homes
All Local Stats
Home Services
No other site shows detail at this level for free. We are able to keep this site free by receiving a small commission from the referring links below if you book, rent, or request a lead at no cost to you. Please share or cite this page if you aren't able to otherwise support our work.
Map interface © Mapbox © OpenStreetMap Map data and content © bestneighborhood