Cambridge, MA Real Estate
According to census data in the year 2000 there were 44,725 housing units in Cambridge.
This represents a 6.5% growth from 41,979 in 1990.
Of those housing units, 44,725 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Cambridge is about 32.2%.
Cambridge's vacancy rate, including seasonal lodging, is about 4.7%.
Average household size is 2.03 people.
The majority of houses, apartments or condos in Cambridge were built after 1939.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 7.30% |
| One Bedroom | 30.50% |
| Two Bedrooms | 35.70% |
| Three Bedrooms | 17.20% |
| Four Bedrooms | 5.70% |
| Five Bedrooms or more | 3.50% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.25 |
| Median year structure was built | 1939 |
| Median Value of occupied units | $398,500 |
| Median Price asked for vacant units | $791,700 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.93 |
| Median year structure was built | 1944 |
| Median Monthly Rent asked for vacant units | $1,084 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.20% |
| Second Mortgage | 5% |
| Home Equity Loan | 8.20% |
| Simple Mortgage | 53.90% |
| Debt Free | 32.70% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 18% |
