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Medford

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

Median Home$441,200
Median Rent$1,461/month
Population222,645
Leading IndustriesConstruction · Agriculture & Mining · Professional Services3% construction
Home Value Growth+3.7% over 2 years
Retirees24% of residentswell above average
Homeowners66% of occupied units
NotableVeteran Community9% of residents · top 18% nationally
Medford

Frequently Asked Questions

What are today's mortgage rates in Medford?

Mortgage rates for Medford are updated daily on Safe Rate using live investor pricing. Rates depend on your credit score, loan type (Conventional, FHA, VA, Jumbo), and down payment. A 30-year fixed rate is the most common product for home purchases.

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What is the median home price in Medford?

The median home value in Medford is $441k. The median monthly rent is $1,461. Annual property taxes average $3k. 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 3.7% over the past two years. This represents moderate growth. 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 $1,419/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $61k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Medford is $76k/year.

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What industries drive the economy in Medford?

The largest employment sectors in Medford are public administration (26%) and healthcare (9%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.