Home Values

Cambridge Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$131,300

  • 9.7% 1-year change
  • None 1-year forecast

The median home value in Cambridge is $131,300. Cambridge home values have gone up 9.7% over the past year. The median list price per square foot in Cambridge is $111, which is the same as the Cambridge Metro average of $111. The median price of homes currently listed in Cambridge is $219,000 while the median price of homes that sold is $130,950. The median rent price in Cambridge is $1,200.

Foreclosures will be a factor impacting home values in the next several years. In Cambridge 5.6 homes are foreclosed (per 10,000). This is greater than the national value of 4.5

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Cambridge is 9.6%, which is higher than the national value of 6.9%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Cambridge homeowners underwater on their mortgage is 27.6%.

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Relative ZHVI
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Cambridge Market Overview

Data through Oct 31, 2014
  • $131,300 ZHVI
  • No data 1-yr forecast
  • $219,000 Median listing price
  • $130,950 Median sale price (Sep 30, 2014)
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Cambridge Market Health

Data through Oct 31, 2014
  • 0.4/10 Less healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • 27.6% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 9.6% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

5.6 homes Cambridge
4.5 homes United States
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Nearby Cities

Name Median ZHVI
Oxford $554,800
East New Market $174,800
Hurlock $119,200

Listings & Sales

Data through Oct 31, 2014
  • $111 Median list price / sq ft
  • $93 Median sale price / sq ft (Sep 30, 2014)
  • 39.0% Listings with price cut
27.1%
Sold below listing
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Cambridge Rentals

Data through Oct 31, 2014
  • Zillow Rent Index

  • $1,334 Cambridge
    $1,337 Cambridge Metro
    $1,337 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 1.6 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $1,200 Rent list price
  • $0.82 Rent list price / sq ft
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