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 $201,852, lower than the Minnesota average of $269,934.
The average cost of rent is $850/mo in Medford, primarily driven by the current value of real estate in the Medford area. While nearly 35.81% of residents own their homes outright in Medford, 14.72% rent.
Housing affordability isn’t just about home prices, though. The average household income in Medford is $6,664 per month. Households that rent pay about 12.75% of their income on rent here. Medford's most expensive areas are in the southwestern regions, while the cheapest areas are in the western parts of the city.
Nearby Cities
- Owatonna, MN: equally priced homes
- Merton, MN: higher priced homes
- Prairieville, MN: higher priced homes
- Ruskin, MN: higher priced homes
- Faribault, MN: equally priced homes
- Warsaw, MN: higher priced homes
- Meriden, MN: equally priced homes
- Morristown, MN: equally priced homes
- Havana, MN: higher priced homes
- Steele Center, MN: higher priced homes
Cities with Similar Populations
- St. Louisville, OH: less expensive homes
- Montana City, MT: higher priced homes
- Montrose, PA: equally priced homes
- Acme, PA: less expensive homes
- Paddock Lake, WI: equally priced homes
- Perryopolis, PA: less expensive homes
- Powderly, TX: less expensive homes
- Reese, MI: less expensive homes
- Seneca, KS: less expensive homes
- Silver Lake, KS: equally priced homes
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