Housing Insights for ZIP Code 02138 (Cambridge, MA)

Housing Summary for ZIP Code 02138

Homeowners

The median home value in ZIP Code 02138 (Cambridge, MA) is $881,200. Approximately 38.9% of homes in this region are owner-occupied units, and the estimated homeowner vacancy rate is currently 0.0%.

The average occupancy of owner-occupied units in ZIP Code 02138 is 2.11 occupants, while owner-occupied units have an aggregate average size of 2.04 bedrooms per housing unit.

Renters

In the 02138 ZIP Code, an estimated 61.1% of all housing units are occupied by renters. This ZIP-defined region has is an estimated rental vacany rate of 2.6%.

Among renter-occupied units in this ZIP, the average occupancy is 1.93 occupants, while renters in this Middlesex County region spend an average of 0% of their income on housing rental costs.

Housing Stats for ZIP Code 02138

See the table below for a regional snapshot of data related to both owner-occupied housing and rentals in ZIP Code 02138.

ZIP 02138 Massachusetts U.S.
Median Home Value $881,200 $656,427 $364,385
Owner-Occupied Housing Units 38.9% 62.4% 64.0%
Homeowner Vacancy Rate 0.0% 1.0% 1.6%
Average Size of Owner-Occupied Unit 2.11 2.69 2.70
Average # of Bedrooms Per Unit 2.04 2.66 2.75
Median Housing Rent $0 $1,282 $1,062
Renter-Occupied Housing Units 61.1% 37.6% 36.0%
Rental Vacancy Rate 2.6% 3.6% 6.0%
Average Size of Renter-Occupied Unit 1.93 2.25 2.49
Percent of Income Spent on Rent 0% 29.76% 29.83%

Home Values in ZIP Code 02138 (Cambridge, MA)

The median home value in ZIP Code 02138 is $881,200. That median value is about 131% higher than the median home value of $381,600 in Massachusetts overall, and is 305% higher than the $217,500 the median home value in the entire U.S. Approximately 41.6% of homes in ZIP Code 02138 are valued $1,000,000 or more. That is 617% higher than in the state ofMassachusetts, where 5.8% of homes are valued at $1,000,000 or more, and is about 1124% higher than in the U.S. overall (3.4% of homes valued at $1,000,000 or more). The home value range that the smallest portion of ZIP Code 02138 homes fall into is $100,000 to $149,999 (0.4% of homes).

Home Values in ZIP Code 02138

This chart visualizes the breakdown of home values in ZIP Code 02138, Massachusetts, and also in the U.S. overall.

A bar chart visualizing the breakdown of home values in ZIP Code 02138 vs. home values in both the state of Massachusetts and in the U.S. overall.

Home Values in ZIP Code 02138

See the table below for a regional comparison of home values in ZIP Code 02138.

Home Value ZIP 02138 Massachusetts U.S.
Less than $50,000 0.5% 1.5% 6.9%
$50,000 to $99,999 0.4% 1.4% 12.0%
$100,000 to $149,999 0.4% 3.4% 13.3%
$150,000 to $199,999 0.7% 7.2% 14.0%
$200,000 to $299,999 2.0% 19.5% 19.6%
$300,000 to $499,999 12.9% 35.9% 19.3%
$500,000 to $999,999 41.5% 25.4% 11.4%
$1,000,000 or more 41.6% 5.8% 3.4%

Home Ages in ZIP Code 02138 (Cambridge, MA)

Approximately 57.2% of homes in this Cambridge, MA region were built in 1939 or earlier. This amount of homes built in 1939 or earlier in ZIP Code 02138 is about 76% higher than percentage of homes built in this time period in Massachusetts overall (32.5% of homes), and is 354% higher the percentage (12.6% of homes) in the U.S. as a whole. Additionally, an esimated 8.6% of local homes were built in 1960 to 1969. On the other end of the scale, just 1.7% of homes in this Middlesex County ZIP Code were built in 2014 or later in ZIP Code 02138. In comparison, 1.6% of homes in Massachusetts overall were built in 2014 or later, while 2.5% of all U.S. homes were built in this time period.

Home Ages in ZIP Code 02138

A detailed regional comparison of home ages in ZIP Code 02138.

Year Built ZIP 02138 Massachusetts U.S.
2014 or later 1.7% 1.6% 2.5%
2010 to 2013 2.7% 1.7% 2.7%
2000 to 2009 3.9% 7.1% 14.0%
1990 to 1999 3.2% 7.7% 13.9%
1980 to 1989 4.8% 10.8% 13.4%
1970 to 1979 7.3% 11.6% 15.2%
1960 to 1969 8.6% 10.2% 10.6%
1950 to 1959 4.5% 11.3% 10.3%
1940 to 1949 6.0% 5.5% 4.9%
1939 or earlier 57.2% 32.5% 12.6%

Age of Homes in ZIP Code 02138

See the chart below for details on the age of homes in ZIP Code 02138, Massachusetts, and also in the U.S. overall. Data here refers to years that homes were built.

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Housing FAQs for ZIP Code 02138

Frequently asked questions about housing in this Cambridge, MA ZIP Code. Answers to questions about both owner-occupied housing and rental housing in 02138.

1

What is the average home value ZIP Code 02138?

The median home value in ZIP Code 02138 (Cambridge, MA) is $881,200.
2

Are homes expensive in ZIP Code 02138?

The median home value in 02138 ($881,200) is an estimated 131% higher than the aggregate median value of $381,600 in Massachusetts, and is 305% higher than the $217,500 the median home value in the U.S. overall.
3

What are owner-occupied vacancy rates like in ZIP Code 02138?

The vacacy rate for owner-occupied housing in ZIP Code 02138 is 0.0%. This rate is 100% lower than the overall Massachusetts owner-occupied vacancy rate of 1.0%. Additionally, the 02138 vacancy rate is 100% lower than the entire U.S. vacancy rate of 1.6%.
4

Does ZIP Code 02138 have older homes or newer construction?

In ZIP Code 02138, about 57.2% of homes were built in 1939 or earlier. That time range includes the most home construction. Also, 8.6% of homes in the region were built in 1960 to 1969. In contrast, 1.7% of homes in 02138 were built in 2014 or later.
5

What is the housing breakdown in ZIP Code 02138? Are there more rentals or owner-occupied units?

There is more renter-occupied housing in 02138 than owner-occupied housing. Renter-occupied units make up 61.1% of housing, compared to 38.9% for owner-occupied units.
6

Are rental vacancy rates high in ZIP Code 02138?

The vacacy rate for rental units in ZIP Code 02138 is 2.6%. This rate is 28% lower than the overall Massachusetts vacancy rate of 3.6%. Additionally, the 02138 vacancy rate is 57% lower than the entire U.S. vacancy rate of 6.0%.