Medford, MA—02155
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Medford, MA
As of Oct '25, the median home price in Medford, MA is $822,000, with a year-over-year change of 0.7%. This indicates that home prices in Medford, MA are flat. According to Zillow, the 1-year price projection is 1.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $822,000 | 0.7% |
| Single Family | $889,000 | 0.6% |
| Condos | $634,000 | 0.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $489,000 | 1.9% |
2 Bed | $641,000 | 0.5% |
3 Bed | $852,000 | 0.7% |
4 Bed | $983,000 | 0.9% |
| 5 Bed | $1,153,000 | 1.6% |
% of Housing Stock
Rental Trends — Medford, MA
As of July '25, Rentcast reports the average rent in Medford, MA is $3,530, with a year-over-year rent change of -3.8%. Per bedroom, the median rent as of July '25 in Medford, MA is studios: $2,470, 1-bedrooms: $2,720, 2-bedrooms: $3,280, 3-bedrooms: $3,580, 4-bedrooms: $4,390. The most common rental property sizes in Medford, MA are 2-bedroom and 1-bedroom, accounting for 44.1% and 24.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,300 | $3,530 |
| Studio Rent | $2,680 | $2,470 |
| 1 Bed Rent | $2,750 | $2,720 |
| 2 Bed Rent | $3,020 | $3,280 |
| 3 Bed Rent | $3,400 | $3,580 |
| 4 Bed Rent | $4,300 | $4,390 |
% of Rental Stock
Property Listings — Medford, MA
As of Oct '25, Realtor.com reports that the median days on market for a home in Medford, MA is 24. This is a increase of 25.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 31.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $873,000 | 5.0% |
Listing Count | 89 | 17.0% |
| Listings as % of Homes | 0.1% | 17.0% |
Days on Market | 24 | 25.0% |
Demographics — Medford, MA
As of the latest ACS Survey released in 2023, Medford, MA has a population of 61,300, which has increased by 2.5% over the past 5 years. Medford, MA is a less popular place for families, as children make up 12.7% of the population. The area has a highly educated workforce, with 57.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 22.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 61,300 | 2.5% |
% Under 18 | 12.7% | -9.9% |
% Seniors | 15.2% | 9.4% |
% WFH | 22.2% | 469.2% |
% w/ College Degree | 57.7% | 9.3% |
As of the latest ACS Survey released in 2023, Medford, MA is a predominantly white area, with 66.6% of the population identifying as white. The white population has shrunk by 6.5% in the last 5 years. The second most common race or ethnicity in Medford, MA is asian, making up 12.3% of the population. Foreign-born residents account for 23.9% of the population in Medford, MA, and this percentage has increased by 12.2% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 66.6% | -6.5% |
% Black | 6.5% | -30.1% |
% Hispanic | 8.9% | 64.8% |
% Asian | 12.3% | 12.8% |
% Foreign Born | 23.9% | 12.2% |
Mortgage and Risk — Medford, MA
According to HUD data as of 2023, there were 783 mortgage originations in Medford, MA, of which 97.0% of loans were conventional mortgages. The average loan-to-value was 54.0%, with 8.0% above 90% LTV (normal). This implies small mortgage risk in Medford, MA. Investor activity is low, as 2.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 783 |
% Conventional Loans | 97.0% |
% Government Loans | 3.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Medford, MA
As of 2024, the percent of homes in Medford, MA under the Section 8 program is 8.3%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Medford, MA, because HUD payments exceed market rent, while 1-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 1,461 |
Total Units Section 8 | 960 |
% Rentals under Section 8 | 8.3% |
% Occupied Section 8 | 93.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$130 | $2,750 | $2,620 |
| 2 Bedroom | $80 | $3,020 | $3,100 |
| 3 Bedroom | $330 | $3,400 | $3,730 |
| 4 Bedroom | -$190 | $4,300 | $4,110 |
Affordability — Medford, MA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.2 |
| Median Home Price | $822,000 |
| Median Household Income | $118,000 |