Location & Governance

Cambridge, Massachusetts is located 2.23 miles northwest of downtown Boston and comprises 6.5 square miles of land.  Cambridge zip codes include 02138, 02139, 02140, 02141, 02142, and 02163.

Settled in 1630 and incorporated as a city in 1846;  “Plan E Proportional Representation” is the style of governance.

Residential Taxes

The Fiscal Year 2021 residential tax rate for Cambridge, MA is 5.85%.  Learn more:  Residential Taxes in Massachusetts

Housing Overview

With a population of 105,162 residents, the average household size is 2 persons and the median household income is $94,100.  Of 47,291 total housing units, 35% are owner-occupied, 65% are rented and 5% are vacant.

Sources: U.S. Census Bureau 2010-2014; City of Cambridge, MA; MLS Pinergy®

Residential Home Sales Cambridge, MA:  2019 – 2021

The statistics below provide a comparison of Condominium, Single Family, and Multi-Family homes sold in Cambridge, MA in 2019, 2020, and as of June 30, 2021.

# SoldAvg. Sale $Median Sale $SP:OP
Condo
YE 2019571$935,272$789,000101%
YE 2020523$995,405$820,000100%
YTD Q2 2021356$962,761$811,000101%
Single Family
YE 2019102$2,049,733$1,548,000103%
YE 2020109$2,207,610$1,700,000100%
YTD Q2 202158$2,003,714$1,815,500102%
Multi-Family
YE 201982$2,114,933$1,700,25098%
YE 202070$1,973,961$1,741,00099%
YTD Q2 202131$1,836,392$1,710,000100

SP:OP = Sales Price to Original Price Ratio.  Data Source: MLS Pinergy®
©2021 Intellectual property of Tamela Roche, all rights reserved.

Residential Home Inventory Cambridge, MA:  2019 – 2020

The statistics below provide a comparison of Condominium, Single Family, and Multi-Family homes listed for sale in 2019 and 2020 in Cambridge, MA.

YE 2019YE 2020
Condo:713789
Single-Family:143188
Multi-Family101123

Data Source: MLS Pinergy®
©2021 Intellectual property of Tamela Roche, all rights reserved.


Tamela Roche, RealtorContact Tamela to schedule a Seller or Home Buyer Consultation to prepare for the sale of your home or to purchase a new home in Cambridge, MA.

Clients also receive my Residential Market Analysis with comprehensive market data and historical home sale trends for Cambridge and the surrounding cities and towns.