Home Insurance in Cambridge, Maryland
The median home value in Cambridge is $257,900, close to the Dorchester County median.
The typical home in Cambridge was built around 1970. Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them. About 44% of homes were built before 1960, about 7 points above Dorchester County's 37%.
The housing stock in Cambridge is 65% single-family homes, 23% apartments in buildings with 5+ units and 1% mobile or manufactured homes. The rest are 2-4 unit or other housing types.
55% of owner-occupied homes in Cambridge carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
The vacancy rate is 15%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy. About 41% of occupied homes in Cambridge are owner-occupied.
Most homes in Cambridge - 55% - are primarily heated with electricity. Homes heated with fuel oil can carry added fire risk. Fuel-tank leaks and spills are often excluded from standard homeowners policies.
FEMA rates Dorchester County's overall risk as Relatively Low, led by coastal flooding (Relatively High). Dorchester County had 1,545 active NFIP flood policies as of September 2026. See the full Dorchester County home insurance overview for all FEMA hazard ratings and flood coverage details. Flood damage is excluded from a standard homeowners policy.
According to the NAIC homeowners insurance report (2023 data), a standard HO-3 homeowners policy in Maryland carries a statewide average premium of $1,578 per year.
Key figures
| Median home value | $257,900 |
|---|---|
| Median year built | 1970 |
| Owner-occupied share | 41% |
| Share of owner-occupied homes with a mortgage | 55% |
| Top county hazard | Coastal Flooding (Relatively High) |
| Active NFIP policies in Dorchester County | 1,545 |
| Home insurance premium | $1,578 - statewide average (NAIC, 2023 data) |
Nearby towns
Sources
Data last updated: 2026-09-29
- U.S. Census Bureau Gazetteer Files (2024)
- U.S. Census Bureau, American Community Survey 2020-2024 5-Year Estimates (2024)
- FEMA National Risk Index (December 2025)
- FEMA OpenFEMA NFIP Redacted Policies v3 (2026)
- NAIC Dwelling Fire, Homeowners Owner-Occupied, and Homeowners Tenant and Condominium/Cooperative Unit Owners Insurance: Data for 2023 (published 2026) (2023)