Cambridge, MD Real Estate
According to census data in the year 2000 there were 5,154 housing units in Cambridge.
This represents a 1.9% decline from 5,256 in 1990.
Of those housing units, 4,959 were located in either urbanized areas or urban clusters, and 195 were located in what is classified as a rural area.
Homeownership rate in Cambridge is about 44.7%.
Cambridge's vacancy rate, including seasonal lodging, is about 10.8%.
Average household size is 2.22 people.
The majority of houses, apartments or condos in Cambridge were built after 1953.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.30% |
| One Bedroom | 16.80% |
| Two Bedrooms | 42% |
| Three Bedrooms | 32.80% |
| Four Bedrooms | 6.30% |
| Five Bedrooms or more | 1.70% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.36 |
| Median year structure was built | 1950 |
| Median Value of occupied units | $79,300 |
| Median Price asked for vacant units | $68,900 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.11 |
| Median year structure was built | 1958 |
| Median Monthly Rent asked for vacant units | $315 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.30% |
| Second Mortgage | 4.10% |
| Home Equity Loan | 7.70% |
| Simple Mortgage | 44.30% |
| Debt Free | 43.60% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 18.7% |
