Mortgage payment estimates, closing cost breakdowns, and homebuying data for Cambridge, Maryland.
Median Home Price
$215K
Population
12K
Avg Monthly Rent
$1,020
Property Tax Rate
1.09% *
* Property tax shown is the Maryland state average effective rate. Actual rates vary by county, city, and school district — check with your local assessor for exact rates in Cambridge.
Cambridge vs Maryland Median
The median home price in Cambridge is $215,000, which is 49% below the Maryland state median of $420,000.
Mortgage Calculator — Cambridge, MD
Pre-filled with Cambridge median home price and Maryland tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $215K home using Maryland's 1.09% tax rate and $1,700/yr insurance.
5% Down
$1,747/mo
Down: $10,750
Loan: $204K
P&I: $1,291
Tax: $195
Insurance: $142
PMI: $119
10% Down
$1,673/mo
Down: $21,500
Loan: $194K
P&I: $1,223
Tax: $195
Insurance: $142
PMI: $113
20% Down (No PMI)
$1,424/mo
Down: $43,000
Loan: $172K
P&I: $1,087
Tax: $195
Insurance: $142
Income needed (28% rule): $61K/year with 20% down, $72K/year with 10% down.
Rent vs Buy in Cambridge
Rent
$1,020/mo
vs
Buy (10% down)
$1,673/mo
Price-to-rent ratio: 17.6 — A ratio between 15-20 means the rent vs buy decision in Cambridge depends heavily on your timeline. If you plan to stay 5+ years, buying likely wins. For shorter stays, renting preserves flexibility.
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.
Run a Rent vs Buy analysis
Compare total costs of renting vs buying in Cambridge.