Medford, MN—55049
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Medford, MN
As of Oct '25, the median home price in Medford, MN is $306,000, with a year-over-year change of 3.0%. This indicates that home prices in Medford, MN are increasing. According to Zillow, the 1-year price projection is 2.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $306,000 | 3.0% |
| Single Family | $306,000 | 2.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $259,000 | 2.4% |
4 Bed | $355,000 | 2.6% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Medford, MN
Medford, MN lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Medford, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Medford, MN is 43. This is a increase of 28.0% 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 33.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $437,000 | 41.0% |
Listing Count | 6 | 6.0% |
| Listings as % of Homes | 0.3% | 6.0% |
Days on Market | 43 | 28.0% |
Demographics — Medford, MN
As of the latest ACS Survey released in 2023, Medford, MN has a population of 2,630, which has decreased by -1.7% over the past 5 years. Medford, MN is a popular place for families, as children make up 29.3% of the population. The area has a poorly educated workforce, with 20.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,630 | -1.7% |
% Under 18 | 29.3% | -16.5% |
% Seniors | 12.3% | 12.8% |
% WFH | 8.7% | 128.9% |
% w/ College Degree | 20.8% | 7.8% |
As of the latest ACS Survey released in 2023, Medford, MN is a predominantly white area, with 76.3% of the population identifying as white. The white population has shrunk by 1.8% in the last 5 years. The second most common race or ethnicity in Medford, MN is hispanic, making up 19.9% of the population. Foreign-born residents account for 9.6% of the population in Medford, MN, and this percentage has increased by 41.2% 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 | 76.3% | -1.8% |
% Black | 1.2% | 300.0% |
% Hispanic | 19.9% | -2.5% |
% Asian | 1.0% | 11.1% |
% Foreign Born | 9.6% | 41.2% |
Mortgage and Risk — Medford, MN
According to HUD data as of 2023, there were 49 mortgage originations in Medford, MN, of which 82.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 20.0% above 90% LTV (very high). This implies large mortgage risk in Medford, MN. Investor activity is low, as 0.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 49 |
% Conventional Loans | 82.0% |
% Government Loans | 18.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 16.0% |
Loan Activity
Rentals and Section 8 — Medford, MN
Medford, MN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 20 |
Total Units Section 8 | 20 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 99.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $830 |
| 2 Bedroom | N/A | N/A | $1,090 |
| 3 Bedroom | N/A | N/A | $1,480 |
| 4 Bedroom | N/A | N/A | $1,740 |
Affordability — Medford, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3 |
| Median Home Price | $306,000 |
| Median Household Income | $90,700 |