Cambridge MA Average Property NOI

https://freedominvestfinance.com/cambridge-ma-average-property-noi/ If you had invested in a rental property in Cambridge 20 years ago, you’d likely be sitting on a pretty valuable piece of real estate at this point. Both average rent and real estate prices have been outpacing the metro average for some time now in Cambridge, and it is now the most expensive suburb to rent an apartment in Metro Boston, surpassing Brookline in 2020. Even in terms of median sale prices, Cambridge holds the 7th highest median price for single family and the 10th highest condo median sales price. Homes for sale in Cambridge sold at a 1 year median of $1.93M while Cambridge condos sold at a median of $892K during the same time span. With prices like that, you may be fooled into thinking that an investment in Cambridge is not the right choice. However, if you dive a little deeper into the data, you’ll find that there are actually opportunities for profitable real estate investments in Cambridge for smaller property sizes. Before we get into this, let’s look at how we measure an area’s profitability based on average NOI (Net Operating Income) for Cambridge.

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