CAMBRIDGE HOUSING MARKET INFORMATION With 118,214 people, 49,592 houses or apartments, and a median cost of homes of $1,526,155, Cambridge house prices are not only among the most expensive in Massachusetts, Cambridge real estate also is some of the most expensive in all of America. Large apartment complexes or high rise apartments are the single most common housing type in Cambridge, accounting for 54.39% of the city's housing units. Other types of housing that are prevalent in Cambridge include duplexes, homes converted to apartments or other small apartment buildings ( 29.19%), single-family detached homes ( 10.21%), and a few row houses and other attached homes ( 6.16%). Cities that are predominantly high-density buildings are relatively uncommon in the US. Because of the density, these types of cities are often walkable and compact, and often have a lively downtown. Cambridge is dominated by renter-occupied one, two, or no bedrooms apartments. 70.78% of Cambridge's dwellings are rentals. The housing in Cambridge was primarily built before 1939 ( 47.32%), making the housing stock in Cambridge some of the oldest overall in America, although there is a range of ages of homes in Cambridge. The next most important housing age is between 1970-1999 ( 21.86%), followed by between 2000 and later ( 18.54%). There's also some housing in Cambridge built between 1940-1969 ( 12.28%). CAMBRIDGE HOME APPRECIATION RATES Appreciation rates for homes in Cambridge have been tracking above average for the last ten years, according to 蘑菇视频 data. The cumulative appreciation rate over the ten years has been 109.72%, which ranks in the top 30% nationwide. This equates to an annual average Cambridge house appreciation rate of 7.69%. 蘑菇视频's data show that during the latest twelve months, Cambridge's appreciation rate, at 8.61%, has been at or slightly above the national average. In the latest quarter, Cambridge's appreciation rate has been 1.15%, which annualizes to a rate of 4.67%. Relative to Massachusetts, our data show that Cambridge's latest annual appreciation rate is lower than 50% of the other cities and towns in Massachusetts. One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Cambridge differ in their investment potential, sometimes by a great deal. Fortunately, you can use 蘑菇视频 to pinpoint the exact neighborhoods in Cambridge - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Cambridge real estate investment or home purchase decisions.