October's First-Time Homebuyer Report for Cambridge

Cambridge is a larger than average city in Maryland that has seen a 9.2% increase in population over the last 10 years. It also has a total population of 12,326. With a median age of 51 years, homes in Cambridge tend to be older than most. Heading the list of top schools in the city is The Judy Center.

Price Range

The median value of homes in Cambridge is $109,400, making it one of the lower priced areas in Maryland. At the same time, the average list price of available homes is presently $155,613. The Cambridge market pulled back with an 11.8% sales drop in this week's report. However, overall sales numbers for the last 30 days remained above the monthly average (12.3) with 15 homes sold.

Wonder which homes are generating the most buzz? Here are the most viewed listings in Cambridge:

$349K   $285K   $130K  

Typical Dwelling

The typical dwelling in Cambridge is a three-bedroom detached home worth about $139,931. To purchase a similar home, a buyer with good credit and a $27,986 cash down payment could obtain a mortgage with a 3.95% interest rate and a $614 monthly payment. The property tax rate is $9.66 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:
Snapped 3 homes in this area
RE/MAX Leading Edge
Snapped 1 home in this area
Long & Foster Real Estate, Inc.
Snapped 1 home in this area

Agents that specialize in this area
1 snap 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.