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These days, finding an affordable place to live in the Mid-Cambridge area can be challenging. Home prices in Mid-Cambridge are now at a median cost of $1,111,185, lower than the Cambridge average of $1,173,422.
The average cost of rent is $2,727/mo in Mid-Cambridge, primarily driven by the current value of real estate in the Mid-Cambridge area. In Mid-Cambridge, 61.63% of households rent, and 45.24% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Mid-Cambridge is $11,836 per month. Households that rent pay about 23.04% of their income on rent here. Mid-Cambridge’s most expensive areas are in the eastern regions, while the cheapest areas are in the central parts of the neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Neighborhoods
- Riverside, Cambridge, MA: higher priced homes
- Aggasiz-Harvard, Cambridge, MA: higher priced homes
- Area IV, Cambridge, MA: less expensive homes
- Wellington-Harrington, Cambridge, MA: less expensive homes
- Union Square, Somerville, MA: less expensive homes
- Cambridgeport, Cambridge, MA: equally priced homes
- MIT, Cambridge, MA: higher priced homes
- Spring Hill, Somerville, MA: equally priced homes
- Avon Hill, Cambridge, MA: equally priced homes
- Neighborhood Nine, Cambridge, MA: equally priced homes
Neighborhoods with Similar Populations
- Belltown, Seattle, WA: less expensive homes
- Blue Hills, Hartford, CT: less expensive homes
- Boston Avenue-Mill Hill, Bridgeport, CT: less expensive homes
- Brays Oaks, Houston, TX: less expensive homes
- Central Davis, Davis, CA: less expensive homes
- Civic Center Little Tokyo, Los Angeles, CA: less expensive homes
- Conway, Orlando, FL: less expensive homes
- Downtown, Las Vegas, NV: less expensive homes
- Green Mountain, Lakewood, CO: less expensive homes
- Prince's Bay, Staten Island, NY: less expensive homes
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