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.
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:
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.