Cambridge is a city in Middlesex County, Massachusetts, in the Greater Boston area. It was named in honor of the University of Cambridge in England, an important center of the Puritan theology embraced by the town’s founders. Cambridge is home to two of the world’s most prominent universities, Harvard University and the Massachusetts Institute of Technology. According to the 2010 United States Census, the city’s population was 105,162. It is the fifth most populous city in the state, behind Boston, Worcester, Springfield, and Lowell. The total area of town is 7.13 sq mi (18.47 km2).
Among the population of the town, 62.1% were whites and 15% were Asians. The median age of the population is 30.2. For population 25 years and over in Cambridge, 65.1% has a bachelor’s degree or higher and 38.5% has a graduate or professional degree. The most common occupations for male are Computer specialists (10%), Postsecondary teachers (10%), other management occupations except farmers and farm managers (6%), Life and physical scientists (5%), Business operations specialists (4%), Engineers (3%) and Media and communication equipment workers (3%).
The median household income in Cambridge in 2009 was $69,227, and the median per capita income in 2009 was $48,098. 10% of Cambridge families had an annual income above $200,000, and 9% of families had an annual income between $150,000 and $200,000. The estimated median house or condo value in 2009 was $566,100.
Cambridge has been called the “City of Squares” by some as most of its commercial districts are major street intersections known as squares. Each of the squares acts as a neighborhood center. These include Kendall Square, Central Square, Harvard Square, Porter Square, Inman Square, and Lechmere Square.
Cambridge is perhaps best known as an academic and intellectual center, owing to its colleges and universities, which include Harvard University and MIT. The Cambridge Public School District encompasses 12 elementary schools, 5 upper schools and 3 public high schools that follow a variety of different educational systems and philosophies.
According to the Massachusetts high school ranking conducted by Boston Magazine, Cambridge Rindge and Latin School was ranked 35th within Massachusetts in 2012. Students have the opportunity to take Advanced Placement coursework and exams. The AP participation rate at Cambridge High School is 36 percent.
Cambridge is well served by the MBTA, including the Porter Square stop on the regional Commuter Rail, the Lechmere stop on the Green Line, and five stops on the Red Line (Alewife, Porter Square, Harvard Square, Central Square, and Kendall Square/MIT).
Cambridge has a large and varied collection of permanent public art, both on city property (managed by the Cambridge Arts Council), and on the campuses of Harvard and MIT.
Despite intensive urbanization during the late 19th century and 20th century, Cambridge has preserved an unusual number of historic buildings, including some dating to the 17th century. The city also contains an abundance of innovative contemporary architecture, largely built by Harvard and MIT.
Please download May 2018 Cambridge Market Report provided by The Greater Boston Association of Realtors.