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Medford

Learn about the people, housing, costs and businesses in Medford, Maine

Median Home$124,200
Median Rent$842/month
Population213
Leading IndustriesWholesale Trade · Professional Services · Education10% wholesale trade
Home Value Growth⬆⬆⬆+22.6% over 2 years
Young Adults22% of residents
Homeowners77% of occupied units
NotableVeteran Community10% of residents · top 9% nationally
NotableAffordable Market$124k median home · lower cost than 92% of the country
Medford
ME

Frequently Asked Questions

What are today's mortgage rates in Medford?

As of today, the 30-year fixed mortgage rate for Medford is approximately 6.971% (7.010% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Medford?

The median home value in Medford is $124k. The median monthly rent is $842. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Medford?

Home values in Medford have increased 22.6% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Medford?

Based on a typical all-in ownership cost of $783/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $34k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Medford is $61k/year.

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What industries drive the economy in Medford?

The largest employment sectors in Medford are public administration (23%) and retail (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.