Medford Township, NJ—08055
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Medford Township, NJ
As of Oct '25, the median home price in Medford Township, NJ is $594,000, with a year-over-year change of 2.8%. This indicates that home prices in Medford Township, NJ are increasing. According to Zillow, the 1-year price projection is 1.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $594,000 | 2.8% |
| Single Family | $600,000 | 2.7% |
| Condos | $251,000 | 2.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $207,000 | 1.5% |
2 Bed | $397,000 | 3.7% |
3 Bed | $506,000 | 3.7% |
4 Bed | $687,000 | 4.1% |
| 5 Bed | $810,000 | 4.7% |
% of Housing Stock
Rental Trends — Medford Township, NJ
As of July '25, Rentcast reports the average rent in Medford Township, NJ is $2,870, with a year-over-year rent change of -28.6%. Per bedroom, the median rent as of July '25 in Medford Township, NJ is 1-bedrooms: $1,840, 2-bedrooms: $2,290, 3-bedrooms: $3,370, 4-bedrooms: $3,720. The most common rental property sizes in Medford Township, NJ are 1-bedroom and studio, accounting for 37.9% and 22.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,900 | $2,870 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,650 | $1,840 |
| 2 Bed Rent | $1,980 | $2,290 |
| 3 Bed Rent | $3,100 | $3,370 |
| 4 Bed Rent | $3,700 | $3,720 |
% of Rental Stock
Property Listings — Medford Township, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in Medford Township, NJ is 44. This is a increase of 4.0% 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 19.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $678,000 | 4.0% |
Listing Count | 94 | 15.0% |
| Listings as % of Homes | 0.7% | 15.0% |
Days on Market | 44 | 4.0% |
Demographics — Medford Township, NJ
As of the latest ACS Survey released in 2023, Medford Township, NJ has a population of 28,900, which has increased by 5.5% over the past 5 years. Medford Township, NJ is a moderately popular place for families, as children make up 20.9% of the population. The area has a highly educated workforce, with 63.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 20.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 28,900 | 5.5% |
% Under 18 | 20.9% | -9.1% |
% Seniors | 21.5% | 9.1% |
% WFH | 20.5% | 236.1% |
% w/ College Degree | 63.2% | 10.7% |
As of the latest ACS Survey released in 2023, Medford Township, NJ is a predominantly white area, with 88.2% of the population identifying as white. The white population has shrunk by 3.5% in the last 5 years. The second most common race or ethnicity in Medford Township, NJ is asian, making up 3.9% of the population. Foreign-born residents account for 5.2% of the population in Medford Township, NJ, and this percentage has increased by 8.3% 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 | 88.2% | -3.5% |
% Black | 1.2% | -14.3% |
% Hispanic | 2.1% | -40.0% |
% Asian | 3.9% | 95.0% |
% Foreign Born | 5.2% | 8.3% |
Mortgage and Risk — Medford Township, NJ
According to HUD data as of 2023, there were 632 mortgage originations in Medford Township, NJ, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 53.0%, with 14.0% above 90% LTV (elevated). This implies medium mortgage risk in Medford Township, NJ. Investor activity is low, as 1.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 632 |
% Conventional Loans | 88.0% |
% Government Loans | 12.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Medford Township, NJ
As of 2024, the percent of homes in Medford Township, NJ under the Section 8 program is 3.1%. 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. 1-bedroom and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Medford Township, NJ, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 48 |
Total Units Section 8 | 40 |
% Rentals under Section 8 | 3.1% |
% Occupied Section 8 | 100.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $70 | $1,650 | $1,720 |
| 2 Bedroom | $70 | $1,980 | $2,050 |
| 3 Bedroom | -$630 | $3,100 | $2,470 |
| 4 Bedroom | -$890 | $3,700 | $2,810 |
Affordability — Medford Township, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.1 |
| Median Home Price | $594,000 |
| Median Household Income | $158,000 |