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 $308,417, lower than the Oregon average of $365,363.
The average cost of rent is $1,256/mo in Medford, primarily driven by the current value of real estate in the Medford area. While nearly 35.77% of residents own their homes outright in Medford, 40.29% rent.
Housing affordability isn’t just about home prices, though. The average household income in Medford is $5,394 per month. Households that rent pay about 23.27% of their income on rent here. Medford's most expensive areas are in the northeastern regions, while the cheapest areas are in the northwestern parts of the city.
Nearby Cities
- Phoenix, OR: less expensive homes
- Central Point, OR: equally priced homes
- Table Rock, OR: higher priced homes
- Jacksonville, OR: higher priced homes
- Talent, OR: higher priced homes
- White City, OR: equally priced homes
- Eagle Point, OR: equally priced homes
- Ruch, OR: higher priced homes
- Gold Hill, OR: higher priced homes
- Ashland, OR: higher priced homes
Cities with Similar Populations
- Mount Pleasant, SC: higher priced homes
- Monroe, LA: less expensive homes
- Modesto, CA: equally priced homes
- Morgantown, WV: less expensive homes
- Mobile, AL: less expensive homes
- Mount Vernon, NY: higher priced homes
- Milwaukee, WI: less expensive homes
- Miramar, FL: higher priced homes
- Mansfield, TX: equally priced homes
- Melbourne, FL: less expensive homes
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