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Cambridge, Massachusetts

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Cambridge market snapshot

Median Sale Price
$1198K
Median Days on Market
12 days
Active Listings
116

RentCast market data · Middlesex County County, Massachusetts

About Cambridge, Massachusetts

Cambridge ( KAYM-brij) is a city in Middlesex County, Massachusetts, United States. It is a suburb in the Greater Boston metropolitan area, located directly across the Charles River from Boston. The city's population as of the 2020 U.S. census was 118,403, making it the most populous city in the county, the fourth-largest in Massachusetts behind Boston, Worcester, and Springfield, and ninth-most populous in New England. The city was named in honor of the University of Cambridge in Cambridge, England, which was an important center of the Puritan theology that was embraced by the town's founders.

Founded in December 1630 during the colonial era, Cambridge was one among the first cities established in the Thirteen Colonies, and it went on to play a historic role during the American Revolution. In May 1775, approximately 16,000 American patriots assembled in Cambridge Common to begin organizing a military retaliation against British troops following the Battles of Lexington and Concord. On July 2, 1775, two weeks after the Second Continental Congress in Philadelphia formally established the Continental Army and appointed George Washington commander of it, Washington arrived at Cambridge Common to take command of the Patriot soldiers camped there. Many of these soldiers played a role in supporting Washington's successful siege of Boston, which trapped garrisoned British troops from moving by land, forcing the British to ultimately abandon Boston. Cambridge Common is thus celebrated as the birthplace of the Continental Army.

Harvard University, an Ivy League university founded in Cambridge in 1636, is the oldest institution of higher learning in the United States. The Massachusetts Institute of Technology (MIT), a private research university, has its 168-acre campus in Cambridge.

Cambridge by the numbers

Population 117,794 · Median age 30.5 yrs · Census ACS 2023

Median household income

Cambridge's median household income of $126,469 compares to $101,341 statewide and $78,538 nationally, per Census ACS 2023 5-year estimates.

Median age (years)

The median age in Cambridge is 30.5 yrs, compared to 40.0 yrs for Massachusetts and 38.7 yrs nationally.

Gender split

Cambridge is 49.9% male and 50.1% female, per Census ACS estimates.

Population trend — Cambridge

Cambridge's population grew 1.0% from 2019 to 2023, per Census ACS 5-year estimates.

Source: U.S. Census Bureau, American Community Survey 2023 5-year estimates.

Massachusetts government

Governor

Maura Healey

Democrat

U.S. Senators

House Representatives (9)

Source: Congress.gov, Wikidata. Federal legislators represent Massachusetts statewide or by congressional district.

Cambridge economy

Manufacturing was an important part of Cambridge's economy in the late 19th and early 20th century. Major employers in Cambridge include the Massachusetts Institute of Technology and Harvard University which together employ over 23,000 individuals, as well as the Cambridge Innovation Center, the City of Cambridge, and biotechnology and pharmaceutical companies including Takeda Pharmaceuticals, Biogen, Novartis, Moderna, and Sanofi. Since the late 20th century, Kendall Square and adjacent areas have shifted from primarily industrial uses toward biotechnology, laboratory, office, and mixed-use development. As a cradle of technological innovation, Cambridge was home to technology firms Analog Devices, Akamai, Bolt, Beranek, and Newman (BBN Technologies) (now part of Raytheon), General Radio (later GenRad), Lotus Development Corporation (now part of IBM), Polaroid, Symbolics, and Thinking Machines. In 1996, Polaroid, Arthur D. Little, and Lotus were Cambridge's top employers, with over 1,000 employees, but they faded out a few years later. Health care and biotechnology firms such as Genzyme, Biogen Idec, bluebird bio, Millennium Pharmaceuticals, Sanofi, Pfizer and Novartis have significant presences in the city. Though headquartered in Switzerland, Novartis continues to expand its operations in Cambridge. Other major biotech and pharmaceutical firms expanding their presence in Cambridge include GlaxoSmithKline, AstraZeneca, Shire, and Pfizer. Most of Cambridge's biotech firms are…

Source: Wikipedia article on Cambridge under CC BY-SA 4.0.

Climate in Cambridge

Monthly climate — Cambridge

Source: NOAA Climate Data Online, 1991–2020 climate normals, station GHCND:USC00190535.

Average annual rainfall: 0.5 inches across 0 days per year.

Cambridge real estate news

Recent news about the Cambridge housing market. Source: Google News.

Cambridge real estate — frequently asked questions

What is the median home price in Cambridge?
The median home sale price in Cambridge, MA is $1,198,000, based on the most recent available sales data.
How long do homes stay on the market in Cambridge?
Homes in Cambridge sell in a median of 12 days.
What is the cost of living like in Cambridge?
Cambridge has a median household income of $126,469, per U.S. Census Bureau ACS estimates.
Who lives in Cambridge?
Cambridge has a population of 117,794 with a median age of 30.5 years, per U.S. Census Bureau ACS estimates.
How do I sell my home in Cambridge?
Start with a free, no-obligation home value estimate. Enter your address above and we'll connect you with a licensed local real-estate professional familiar with the Cambridge market within 24 hours.

How it works

  1. 1

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  2. 2

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    Three data-driven estimates — low, mid, and high — with the market context behind them.

  3. 3

    Connect with an expert

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ForSaleAmerica.com is an online marketplace and is not a real estate brokerage in Massachusetts. Property valuations shown are automated estimates based on public data and are not appraisals, comparative market analyses, or guarantees of sale price. We connect homeowners with top local agents and partners — we do not represent buyers or sellers.