Home prices
The value of the median home in Cambridge is $768,300. This is roughly $170,180 (28%) higher in comparison to the surrounding areas.In comparison to the nation as a whole it is roughly $550,800 (253%) higher, and in comparison to the city of Boston is about $235,600 (44%) higher.
Rents
In Cambridge the median monthly rent is $2,221. In comparison to its nearby areas it is about $421 (23%) higher.In comparison to the country as a whole it is roughly $1,159 (109%) higher, and in comparison to the city of Boston is about $601 (37%) higher.
Nearby places
Somerville
Somerville is Cambridge's neighbor to the northeast. The housing prices there are a bit less expensive. The median home in Somerville is valued at $664,700, which works out to $103,600 (15%) lower than Cambridge. Its rents are a bit less expensive. In Somerville the median rent is $1,874 per month, which is $347 (18%) lower than Cambridge.
Watertown Town
Watertown Town is Cambridge's neighbor to the west. Real estate prices there are substantially less expensive. The median home in Watertown Town is valued at $559,700, which is $208,600 (37%) lower than Cambridge. Rent there is a little less expensive. The median monthly rent in Watertown Town is $1,853, which comes out to $368 (19%) lower than Cambridge.
Belmont
Belmont is Cambridge's neighbor to the northwest. Real estate prices there are somewhat more expensive. The median home in Belmont is valued at $859,600, which is $91,300 (10%) higher than Cambridge. Its rents are somewhat less expensive. The median rent in Belmont is $2,002 per month, which comes out to $219 (10%) lower than Cambridge.
Medford
Medford is about 3 miles north from Cambridge. The housing prices there are substantially less expensive. The median home in Medford costs $500,800, which comes out to $267,500 (53%) lower than Cambridge. Its rents are a little less expensive. Medford's median monthly rent is $1,817, which comes out to $404 (22%) lower than Cambridge.
Everett
Everett is roughly 3 miles northeast from Cambridge. The housing prices there are substantially less expensive. The median home in Everett costs $405,800, which comes out to $362,500 (89%) lower than Cambridge. Rents there are substantially less expensive. In Everett the median rent is $1,454 a month, which is $767 (52%) lower than Cambridge.
