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Medford Lakes

Learn about the people, housing, costs and businesses in Medford Lakes, New Jersey

Median Home$402,900
Median Rent$2,211/month
Population4,297
Leading IndustriesPublic Administration · Transportation44% public administration
Home Value Growth⬆⬆⬆+36.6% over 2 years
Family-Friendly25% of residentsslightly above average
Homeowners90% of occupied units
NotableHighly Educated36% bachelor's · 21% graduate · top 3% nationally
NotableHigh Incomes$141k/year · top 5% nationally
Medford Lakes
NJ

Frequently Asked Questions

What are today's mortgage rates in Medford Lakes?

As of today, the 30-year fixed mortgage rate for Medford Lakes is approximately 6.853% (6.888% 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 Lakes?

The median home value in Medford Lakes is $403k. The median monthly rent is $2,211. Annual property taxes average $10k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Medford Lakes?

Home values in Medford Lakes have increased 36.6% 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 Lakes?

Based on a typical all-in ownership cost of $2,575/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $110k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Medford Lakes is $141k/year.

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What industries drive the economy in Medford Lakes?

The largest employment sectors in Medford Lakes are public administration (44%) and retail (8%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.