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Medford Township

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

Median Home$511,025
Median Rent$2,132/month
Population24,812
Leading IndustriesHealthcare · Arts, Food & Hospitality · Public Administration17% healthcare
Home Value Growth⬆⬆⬆+21.9% over 2 years
Young Adults32% of residentswell above average
Homeowners88% of occupied units
NotableHigh Incomes$163k/year · top 7% nationally
NotableHighly Educated27% bachelor's · 15% graduate · top 10% nationally
Medford Township
NJ

Explore Medford Township

Real local data across mortgage, insurance, natural hazard, and place.

Frequently Asked Questions

What are today's mortgage rates in Medford Township?

As of today, the 30-year fixed mortgage rate for Medford Township is approximately 6.842% (6.876% 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 Township?

The median home value in Medford Township is $511k. The median monthly rent is $2,132. Annual property taxes average $10k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Medford Township?

Home values in Medford Township have increased 21.9% 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 Township?

Based on a typical all-in ownership cost of $2,515/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $108k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Medford Township is $163k/year.

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What industries drive the economy in Medford Township?

The largest employment sectors in Medford Township are public administration (26%) and healthcare (17%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.