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Foreclosure Homes in Cambridge, MA

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View this home at Seven Pines Ave Cambridge MA 02140
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$1,658,589 EMV
Seven Pines Ave
Cambridge, MA 02140
EST. RENT: $4,750
|
AUCTION: 04-26-2024
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Cambridge, MA Foreclosures

How much do homes sell for in Cambridge, MA?
The average home price is currently $1,345,851.
In Cambridge, MA, how many homes are available?
There are currently 21,904 active home listings available in Cambridge.
What’s the average rental cost in Cambridge, MA?
The average rental price in Cambridge is $3,283.
What is the most expensive home in Cambridge, Massachusetts?
The most expensive home sold in Cambridge had a price of $18,428,800.
What is currently the cheapest priced home in Cambridge, MA?
The cheapest home for sale in Cambridge is priced at $62,817.

Home Value Estimator For Cambridge, MA

There are currently 21,904 real estate properties in Cambridge, MA, with a median automated valuation model (AVM) price of $980,000.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Cambridge, MA, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Cambridge, MA, is $1,345,851.00, with the most expensive house in Cambridge, MA, topping out at $18,428,800.00 and the cheapest home in Cambridge, MA, clocking in at $62,817.00. In other words, there’s something for every potential homebuyer or savvy investor in Cambridge, MA!


Rent Prices In Cambridge, MA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Cambridge, MA, is on a rollercoaster ride. The average rent price in Cambridge, MA, is $3,283.00. Indeed, when looking to rent in Cambridge, MA, you can expect to pay as little as $840.00 or as much as $5,720.00, with the average rent median estimated to be $3,060.00. The good news is that finding an affordable and desirable property to rent in Cambridge, MA -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.


Top Reasons To Live In Cambridge, MA In 2024

Cambridge is located in Middlesex, Massachusetts, with an estimated municipal population of 118,927 residents. All of the best foreclosed homes for sale in Cambridge are located in the following zip code areas on Foreclosure.com: 02142 02140 02141 02139 02138 02238 02477. The estimated population per square kilometer (.62 miles) in Cambridge is 7,182.


Cost Of Living In Cambridge, MA

So, about how much do homes cost in Cambridge? The most recent median value of resident-owned homes in Cambridge is 769,022. An estimated 34.8 percent of households in Cambridge own their homes, with an average family size of 2.8. The median household income in Cambridge is 103,154, with51.3 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Cambridge, the median commute time of resident workers (in minutes) is 26.6. And last, but certainly not least, are you looking for homes to rent in Cambridge? If so, the average rent price paid by renters in Cambridge is 2,221, according to recent statistics.


Diversity And Demographics In Cambridge, Massachusetts

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Cambridge, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Cambridge is 30.5, split between 49.9 percent male versus 50.1 female. The percentage of residents who report being married in Cambridge is 33.7, with an average family size of 2.8.

The percentage of residents who report their race in Cambridge is as follows:

White 66.1%
Black / African American 10.7%
Asian 16.7%
American Indian / Alaskan Native 0.2%
Native Hawaiian / Other Pacifc Islander 0.1%
Multi-racial 4.4%
Other 1.8%

Looking for family-friendly neighborhoods in and/or near Cambridge? Or maybe you are searching for 55+ active adult communities in and/or near Cambridge?

The percentage of residents who report their age in Cambridge is as follows:

Under 10 7.8%
Aged 10-19 10.3%
20s 30.4%
30s 19.7%
40s 9.2%
50s 7.5%
60s 7.5%
70s 4.9%
80+ 2.7%

Best Schools In Cambridge, Massachusetts

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Cambridge with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Cambridge.


Pros And Cons Of Living In Cambridge, Massachusetts

How do you know that living in -- or moving to -- Cambridge is right where you need to be? Perhaps you grew up in Cambridge or already live nearby; therefore, the decision to buy a home in Cambridge is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Cambridge for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Cambridge:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Cambridge.


Reasons To Move To Cambridge, Massachusetts, In 2024

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Cambridge can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Cambridge, meanwhile, can field multiple offers from more qualified buyers.

Cambridge, MA Foreclosures


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