Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Medford area can be challenging. Home prices in Medford are now at a median cost of $589,825, higher than the Massachusetts average of $477,554.
The average cost of rent is $2,024/mo in Medford, primarily driven by the current value of real estate in the Medford area. While nearly 38.05% of residents own their homes outright in Medford, 41.46% rent.
Housing affordability isn’t just about home prices, though. The average household income in Medford is $10,260 per month. Households that rent pay about 19.73% of their income on rent here. Medford's most expensive areas are in the eastern regions, while the cheapest areas are in the southwestern parts of the city.
Nearby Cities
- Somerville, MA: higher priced homes
- Malden, MA: less expensive homes
- Everett, MA: less expensive homes
- Arlington, MA: higher priced homes
- Cambridge, MA: higher priced homes
- Winchester, MA: higher priced homes
- Charlestown, MA: higher priced homes
- Melrose, MA: equally priced homes
- Belmont, MA: higher priced homes
- Watertown, MA: higher priced homes
Cities with Similar Populations
- Wheaton, IL: less expensive homes
- Royal Oak, MI: less expensive homes
- Midwest City, OK: less expensive homes
- Mishawaka, IN: less expensive homes
- Altoona, PA: less expensive homes
- Mount Juliet, TN: less expensive homes
- National City, CA: less expensive homes
- New Baltimore, MI: less expensive homes
- Owings Mills, MD: less expensive homes
- Palm Beach Gardens, FL: equally priced homes
All Local Stats
Home Services
No other site shows detail at this level for free. We are able to keep this site free by receiving a small commission from the referring links below if you book, rent, or request a lead at no cost to you. Please share or cite this page if you aren't able to otherwise support our work.
Map interface © Mapbox © OpenStreetMap Map data and content © bestneighborhood