Cambridge, MA

Population: 107,289
Average annual home appreciation rate: 6.41%
Total of homes for sale in this market: 8
Median home price: $590,636
Median Rent: $2,005 per room
Home price range: 24.83% of homes are between $555,001 – $832,000
Median sales price: $825,000
Number of homes: 27
Median foreclosure sales price: $940,000
Foreclosure discount: N/A
Most common home type: 51.98% of homes are COMPLEXES OR HIGH RISE APARTMENTS
Number of vacant homes: 6.94%
Number of renters: 69.98%
Number of owner occupied: 30.02%
Number people living below poverty level: 14.70%
Unemployment rate: 2.90%
Is this area perfect for real estate deals going on right now? With the history of positive appreciation in the Cambridge area, a rental property (based on the much higher than average rental rates) could be a profitable investment for the savvy buy and hold investor.

Leave a Reply

Your email address will not be published. Required fields are marked *