Rent vs. Buy Analysis Cambridge MA
By Zachary Parker, Real Estate Journalist
The real estate market in Cambridge has seen explosive growth over the past decade. Thanks to steady flow of VC funding pouring into the area and increasing enrollment at local Universities, demand for housing in Cambridge has been insatiable. As a result, median sales prices for residential properties in Cambridge are soaring across all categories. The median sales price for condos in Cambridge is $891,910, while the median price of homes for sale in Cambridge MA stands at a whopping $1.93M. With prices like that, it would be easy for a potential buyer to throw in the towel and assume that renting an apartment is their best bet. And going strictly off those two aforementioned median prices, they would be right. When you break them down in terms of monthly mortgage payment, taxes,...