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Cambridge, MD Real Estate


According to census data in the year 2000 there were 5,154 housing units in Cambridge. This represents a 1.9% decline from 5,256 in 1990.

Of those housing units, 4,959 were located in either urbanized areas or urban clusters, and 195 were located in what is classified as a rural area.

Homeownership rate in Cambridge is about 44.7%. Cambridge's vacancy rate, including seasonal lodging, is about 10.8%. Average household size is 2.22 people.

The majority of houses, apartments or condos in Cambridge were built after 1953.

Statistics

Housing Size

Housing Units by Size
Studio Type0.30%
One Bedroom16.80%
Two Bedrooms42%
Three Bedrooms32.80%
Four Bedrooms6.30%
Five Bedrooms or more1.70%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.36
Median year structure was built1950
Median Value of occupied units$79,300
Median Price asked for vacant units$68,900

Rented Homes, Apartments and Condos

Average Household Size2.11
Median year structure was built1958
Median Monthly Rent asked for vacant units$315

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.30%
Second Mortgage4.10%
Home Equity Loan7.70%
Simple Mortgage44.30%
Debt Free43.60%
As % of Housing Units
         
Median part of Monthly Household Income dedicated to covering home ownership costs18.7%