Mortgage payment estimates, closing cost breakdowns, and homebuying data for Cambridge, Maryland.
Pre-filled with Cambridge median home price and Maryland tax/insurance rates. Adjust for your property.
Estimated closing costs based on Maryland rates and fees applied to Cambridge prices.
The median home price in Cambridge is $215,000, 49% below the Maryland state median of $420,000. With a population of 12,326, Cambridge is a smaller market where home prices tend to be more accessible than in many parts of Maryland.
Property taxes in Maryland average 1.09% annually. This moderate property tax rate means a $215,000 home in Cambridge would carry roughly $195/month in property taxes. Homeowners insurance in Maryland runs approximately $1,700 per year. This is within the normal range nationally.
Average rent in Cambridge is $1,020/month. The price-to-rent ratio in Cambridge is moderate, meaning the buy-vs-rent decision depends heavily on how long you plan to stay.
Cambridge offers strong affordability. With median prices under $250K, first-time buyers have realistic paths to homeownership, especially combined with Maryland's MD Mortgage Program program.