Medicine Park—73557
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Medicine Park
As of Nov '25, the median home price in Medicine Park is $283,000, with a year-over-year change of 3.8%. This indicates that home prices in Medicine Park are increasing. According to Zillow, the 1-year price projection is 2.0%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $283,000 | 3.8% |
| Single Family | $283,000 | 4.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $256,000 | 2.0% |
3 Bed | $345,000 | 6.8% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Medicine Park
Medicine Park 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 — Medicine Park
As of Nov '25, Realtor.com reports that the median days on market for a home in Medicine Park is 90. This is a increase of 1.0% from last year, suggesting that homes are sitting on the market about the same amount of time 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 | $364,000 | -15.0% |
Listing Count | 12 | 9.0% |
| Listings as % of Homes | 3.4% | 9.0% |
Days on Market | 90 | 1.0% |
Demographics — Medicine Park
As of the latest ACS Survey released in 2023, Medicine Park has a population of 222, which has decreased by -43.7% over the past 5 years. Medicine Park is a less popular place for families, as children make up 10.4% of the population. The area has a highly educated workforce, with 52.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 222 | -43.7% |
% Under 18 | 10.4% | 96.2% |
% Seniors | 22.1% | -41.2% |
% WFH | 11.5% | -27.2% |
% w/ College Degree | 52.3% | 13.0% |
As of the latest ACS Survey released in 2023, Medicine Park is a predominantly white area, with 90.5% of the population identifying as white. The white population has shrunk by 6.4% in the last 5 years. The second most common race or ethnicity in Medicine Park is black, making up 0.0% of the population. Foreign-born residents account for 0.9% of the population in Medicine Park, and this percentage has increased by 12.5% 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 | 90.5% | -6.4% |
% Black | 0.0% | N/A |
% Hispanic | 0.0% | -100.0% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 0.9% | 12.5% |
Mortgage and Risk — Medicine Park
Medicine Park lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Rentals and Section 8 — Medicine Park
Medicine Park lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $980 |
| 2 Bedroom | N/A | N/A | $1,260 |
| 3 Bedroom | N/A | N/A | $1,770 |
| 4 Bedroom | N/A | N/A | $2,120 |
Affordability — Medicine Park
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.4 |
| Median Home Price | $283,000 |
| Median Household Income | $100,000 |