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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 $301,727, lower than the Maryland average of $450,578.
The average cost of rent is $1,134/mo in Cambridge, primarily driven by the current value of real estate in the Cambridge area. In Cambridge, 50.71% of households rent, and 49.41% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Cambridge is $4,555 per month. Households that rent pay about 24.89% of their income on rent here. Cambridge’s most expensive areas are in the northwestern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Christs Rock, MD: less expensive homes
- Jacktown, MD: equally priced homes
- Dailsville, MD: higher priced homes
- Lloyds, MD: higher priced homes
- Gluckheim, MD: equally priced homes
- Woolford, MD: equally priced homes
- East New Market, MD: less expensive homes
- Cornersville, MD: higher priced homes
- Trappe, MD: higher priced homes
- Linkwood, MD: less expensive homes
Cities with Similar Populations
- Linden, MI: equally priced homes
- Middlesex, NJ: higher priced homes
- McCordsville, IN: higher priced homes
- Mastic, NY: higher priced homes
- Marianna, FL: less expensive homes
- Mansfield, MA: higher priced homes
- Luquillo, PR: less expensive homes
- Lugoff, SC: less expensive homes
- Ludington, MI: less expensive homes
- Lowell, MI: higher priced homes
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