Cambridge is home to Harvard and MIT, anchoring a biotech and tech research cluster that keeps demand and prices among the highest in New England. A large commercial tax base keeps Cambridge's residential property tax rate unusually low for the state.
Recommended for incomes above $230k/yr (28% DTI rule)
Cambridge housing market
The 0.58% property tax rate reflects the county-level effective rate for Cambridge and is used to calculate your monthly tax escrow above. This rate may differ from the statewide Massachusetts average — county-level data produces more accurate monthly payment estimates for Cambridge buyers. Many Cambridge properties also carry HOA fees — the area average is approximately $500/month, which is not included in the calculator above.
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