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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 $237,889, lower than the New York average of $610,895.
The average cost of rent is $1,160/mo in Cambridge, primarily driven by the current value of real estate in the Cambridge area. In Cambridge, 18.54% of households rent, and 41.74% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Cambridge is $6,468 per month. Households that rent pay about 17.94% of their income on rent here. Cambridge’s most expensive areas are in the western regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Eagle Bridge, NY: equally priced homes
- Fly Summit, NY: higher priced homes
- Shushan, NY: equally priced homes
- White Creek, NY: less expensive homes
- Buskirk, NY: equally priced homes
- Greenwich, NY: equally priced homes
- South Cambridge, NY: higher priced homes
- East Greenwich, NY: less expensive homes
- North Easton, NY: equally priced homes
- North Greenwich, NY: less expensive homes
Cities with Similar Populations
- Mabton, WA: equally priced homes
- Ottawa Lake, MI: higher priced homes
- Bedford, KY: less expensive homes
- Ben Wheeler, TX: higher priced homes
- Carroll Valley, PA: higher priced homes
- Cheney, KS: equally priced homes
- Clinton, PA: higher priced homes
- Roundup, MT: equally priced homes
- Vienna, OH: less expensive homes
- Raymond, ME: higher priced homes
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