Medford, OR—97504
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Medford, OR
Home Price Trends — Medford, OR
As of Oct '25, the median home price in Medford, OR is $438,000, with a year-over-year change of -0.0%. This indicates that home prices in Medford, OR are flat. According to Zillow, the 1-year price projection is -0.8%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $438,000 | -0.0% |
| Single Family | $440,000 | -0.2% |
| Condos | $207,000 | -1.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $217,000 | -1.8% |
2 Bed | $311,000 | -1.0% |
3 Bed | $430,000 | 0.0% |
4 Bed | $561,000 | 1.1% |
| 5 Bed | $647,000 | 1.6% |
% of Housing Stock
Rental Trends — Medford, OR
As of July '25, Rentcast reports the average rent in Medford, OR is $1,980, with a year-over-year rent change of 3.1%. Per bedroom, the median rent as of July '25 in Medford, OR is 1-bedrooms: $1,160, 2-bedrooms: $1,570, 3-bedrooms: $2,270, 4-bedrooms: $3,140. The most common rental property sizes in Medford, OR are 2-bedroom and 3-bedroom, accounting for 42.7% and 24.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,900 | $1,980 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,100 | $1,160 |
| 2 Bed Rent | $1,450 | $1,570 |
| 3 Bed Rent | $2,200 | $2,270 |
| 4 Bed Rent | $2,800 | $3,140 |
% of Rental Stock
Property Listings — Medford, OR
As of Oct '25, Realtor.com reports that the median days on market for a home in Medford, OR is 59. This is a increase of 5.0% 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 28.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $503,000 | 1.0% |
Listing Count | 263 | -13.0% |
| Listings as % of Homes | 0.8% | -13.0% |
Days on Market | 59 | 5.0% |
Demographics — Medford, OR
As of the latest ACS Survey released in 2023, Medford, OR has a population of 50,500, which has increased by 5.9% over the past 5 years. Medford, OR is a moderately popular place for families, as children make up 22.9% of the population. The area has a moderately educated workforce, with 37.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 50,500 | 5.9% |
% Under 18 | 22.9% | 4.1% |
% Seniors | 23.4% | 5.4% |
% WFH | 12.5% | 111.9% |
% w/ College Degree | 37.6% | 19.7% |
As of the latest ACS Survey released in 2023, Medford, OR is a predominantly white area, with 77.7% of the population identifying as white. The white population has shrunk by 3.0% in the last 5 years. The second most common race or ethnicity in Medford, OR is hispanic, making up 14.4% of the population. Foreign-born residents account for 6.0% of the population in Medford, OR, and this percentage has decreased by 4.8% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 77.7% | -3.0% |
% Black | 0.7% | -36.4% |
% Hispanic | 14.4% | 27.4% |
% Asian | 1.8% | -18.2% |
% Foreign Born | 6.0% | -4.8% |
Mortgage and Risk — Medford, OR
According to HUD data as of 2023, there were 902 mortgage originations in Medford, OR, of which 82.0% of loans were conventional mortgages. The average loan-to-value was 57.0%, with 24.0% above 90% LTV (very high). This implies large mortgage risk in Medford, OR. Investor activity is low, as 3.0% 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 | 902 |
% Conventional Loans | 82.0% |
% Government Loans | 18.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Medford, OR
As of 2024, the percent of homes in Medford, OR under the Section 8 program is 12.9%. 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 units appear to be good home sizes to consider for Section 8 housing in Medford, OR, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 1,120 |
Total Units Section 8 | 1,020 |
% Rentals under Section 8 | 12.9% |
% Occupied Section 8 | 92.6% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $30 | $1,100 | $1,130 |
| 2 Bedroom | $0 | $1,450 | $1,450 |
| 3 Bedroom | -$170 | $2,200 | $2,030 |
| 4 Bedroom | -$410 | $2,800 | $2,390 |
Affordability — Medford, OR
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.3 |
| Median Home Price | $438,000 |
| Median Household Income | $81,200 |