Cambridge First-Time Homebuyer Report for October

Cambridge is much older than the rest of Massachusetts, with a median age of 30. It's somewhat affluent as well, with a median income of $62,466 per household. North Cambridge and Cambridgeport are its two most populated neighborhoods. Condos and townhouses account for 30% of the area's current housing market. Topping the list of best schools in the city is Graham and Parks.

Price Range

Some of the more expensive homes in Massachusetts are in Cambridge with a median home value of $411,200 and an average list price for available homes currently at $973,039. The most expensive place to live is West Cambridge, where homes have a median house value of 768,756.

Out of all the listings in Cambridge, these have been viewed the most. So be sure to see what all the fuss is about with these fabulous homes.

$10.5M   $549K   $2.8M  

Typical Dwelling

A two-bedroom condo valued around $749,633 is considered a typical dwelling in Cambridge. If a buyer was looking for a similar home, they would need good credit and a $149,927 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $3,798 and the property tax rate is $11.70 per $1,000 of taxable assessed value.

Get started right now by checking out Cambridge homes for sale or reviewing Cambridge real estate trends.


Data reported through 10/13/2016

Comments:

Ask a local expert about this area:
Compass
6 reviews
Point Plus
Snapped 84 homes in this area
Boston Trust Realty Group
Snapped 3 homes in this area

Agents that specialize in this area
1 snap in this area
1 snap in this area
5 snaps in this area
1 snap in this area
4 snaps in this area
19 snaps in this area
2 snaps in this area
2 snaps in this area
2 snaps in this area
2 snaps in this area
©2016 Homesnap 1-800-431-5509 Housing market data, school data and demographic information is provided by SmartZip Analytics, Inc. ©2016 SmartZip Analytics, Inc. and ©2016 Fast Forward, Inc. Information is deemed reliable but not guaranteed. Sitemap Terms of Use Privacy Policy SmartZip Terms of Service
Sign-in with Facebook Sign-in with Twitter
or
I'm a real estate agent
Already a User? Sign In Below:

Sign In

Forgot Password? Click Here...

Sign-in with Facebook Sign-in with Twitter
or

Sign In

Forgot Password? Click Here...

Please enter the email address you used to register with Homesnap and an email will be sent with instructions for resetting your password.