Cambridge, MA—02140
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Cambridge, MA
As of Oct '25, the median home price in Cambridge, MA is $1,083,000, with a year-over-year change of -1.7%. This indicates that home prices in Cambridge, MA are decreasing. According to Zillow, the 1-year price projection is 0.7%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $1,083,000 | -1.7% |
| Single Family | $1,598,000 | -0.7% |
| Condos | $994,000 | 7.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $630,000 | -0.3% |
2 Bed | $880,000 | 1.4% |
3 Bed | $1,313,000 | 2.3% |
4 Bed | $1,770,000 | -0.1% |
| 5 Bed | $2,681,000 | 0.8% |
% of Housing Stock
Rental Trends — Cambridge, MA
As of July '25, Rentcast reports the average rent in Cambridge, MA is $3,690, with a year-over-year rent change of 2.5%. Per bedroom, the median rent as of July '25 in Cambridge, MA is studios: $2,630, 1-bedrooms: $3,120, 2-bedrooms: $3,850, 3-bedrooms: $4,390, 4-bedrooms: $5,270. The most common rental property sizes in Cambridge, MA are 1-bedroom and 2-bedroom, accounting for 41.7% and 35.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,420 | $3,690 |
| Studio Rent | $2,500 | $2,630 |
| 1 Bed Rent | $3,160 | $3,120 |
| 2 Bed Rent | $3,790 | $3,850 |
| 3 Bed Rent | $3,920 | $4,390 |
| 4 Bed Rent | $5,100 | $5,270 |
% of Rental Stock
Property Listings — Cambridge, MA
As of Oct '25, Realtor.com reports that the median days on market for a home in Cambridge, MA is 33. This is a increase of 2.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 21.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $911,000 | -17.0% |
Listing Count | 29 | 5.0% |
| Listings as % of Homes | 0.1% | 5.0% |
Days on Market | 33 | 2.0% |
Demographics — Cambridge, MA
As of the latest ACS Survey released in 2023, Cambridge, MA has a population of 21,400, which has remained stable by 0.1% over the past 5 years. Cambridge, MA is a less popular place for families, as children make up 14.8% of the population. The area has a highly educated workforce, with 78.6% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 30.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 21,400 | 0.1% |
% Under 18 | 14.8% | -8.6% |
% Seniors | 13.9% | 9.4% |
% WFH | 30.2% | 297.4% |
% w/ College Degree | 78.6% | 11.0% |
As of the latest ACS Survey released in 2023, Cambridge, MA is a predominantly white area, with 54.1% of the population identifying as white. The white population has shrunk by 1.1% in the last 5 years. The second most common race or ethnicity in Cambridge, MA is asian, making up 18.8% of the population. Foreign-born residents account for 31.9% of the population in Cambridge, MA, and this percentage has decreased by 2.4% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 54.1% | -1.1% |
% Black | 15.4% | -26.7% |
% Hispanic | 6.3% | -17.1% |
% Asian | 18.8% | 24.5% |
% Foreign Born | 31.9% | -2.4% |
Mortgage and Risk — Cambridge, MA
According to HUD data as of 2023, there were 127 mortgage originations in Cambridge, MA, of which 100.0% of loans were conventional mortgages. The average loan-to-value was 51.0%, with 2.0% above 90% LTV (normal). This implies small mortgage risk in Cambridge, MA. Investor activity is low, as 10.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 127 |
% Conventional Loans | 100.0% |
% Government Loans | 0.0% |
% Investor Loans | 10.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Cambridge, MA
As of 2024, the percent of homes in Cambridge, MA under the Section 8 program is 25.5%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Cambridge, MA, because HUD payments exceed market rent, while 1-bedroom and 2-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 1,712 |
Total Units Section 8 | 1,685 |
% Rentals under Section 8 | 25.5% |
% Occupied Section 8 | 93.3% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$200 | $3,160 | $2,960 |
| 2 Bedroom | -$280 | $3,790 | $3,510 |
| 3 Bedroom | $310 | $3,920 | $4,230 |
| 4 Bedroom | -$450 | $5,100 | $4,650 |
Affordability — Cambridge, MA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7.7 |
| Median Home Price | $1,083,000 |
| Median Household Income | $136,000 |