Cambridge, MA has a population of 110,893, while the median age is 30. The household income in Cambridge, MA is around $89,145. The homeownership rate among the residents is 36%. The median residential property value in Cambridge, MA that you should keep in mind is $670,200.
|Number Of Employees||65,165|
|Median Property Value||$670,200|
Over the Jan 2023, the average rent for an apartment in/near Cambridge, MA increased by 0.9% to $3,862.
Compared to the last month, the average price for a rental studio in Cambridge, MA has increased by 21.9%. You can expect to rent the studio for $2,713 on average this month. Breaking it down in details, we now see that the average price for 1-bed apartment decreased by 2% to $2,375. Pricing for 2-bed apartment also decreased by 3% and a place of this size will now cost you $3,405. 3-bed apartment rent pricing starts at $4,680, it decreased by 12% lately. We tend to note the rise of 4- and more bed apartment pricing. It decreased by 10.7% and made it down to $5,591.
The median rent for an apartment in Cambridge, MA increased by 10.5% to $3,676. Statistics show that house rent price decreased by 18.2% this month making it up to $5,358. Condos faced an upward trend these days. The median rent for a condo decreased by 3.3%, it’s now available for $3,774. An average duplex is now available for $5,500, cause median rent for a duplex remains the same this month. An average room will now go for $1,345, the median rent price for a room decreased by 4.7%.