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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 $517,313, higher than the New Jersey average of $496,577.
The average cost of rent is $2,030/mo in Medford, primarily driven by the current value of real estate in the Medford area. In Medford, 12.06% of households rent, and 31.68% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Medford is $13,572 per month. Households that rent pay about 14.96% of their income on rent here. Medford’s most expensive areas are in the northwestern regions, while the cheapest areas are in the western parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Medford Lakes, NJ: less expensive homes
- Marlton, NJ: less expensive homes
- Vincentown, NJ: less expensive homes
- Voorhees, NJ: less expensive homes
- Mount Laurel, NJ: less expensive homes
- Crowfoot, NJ: less expensive homes
- Leisuretowne, NJ: less expensive homes
- Lumberton, NJ: less expensive homes
- Greentree, NJ: less expensive homes
- West Berlin, NJ: less expensive homes
Cities with Similar Populations
- Watauga, TX: less expensive homes
- Brent, FL: less expensive homes
- Bronxville, NY: higher priced homes
- Brownwood, TX: less expensive homes
- Camuy, PR: less expensive homes
- Canandaigua, NY: less expensive homes
- Canby, OR: equally priced homes
- Covington, KY: less expensive homes
- Taylorsville, NC: less expensive homes
- Trussville, AL: less expensive homes
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