Medford, Oregon Housing Market Prices
Medford Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 8% below the Oregon median$374,749
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Median rent 11% below the Oregon median$1,351
Housing Market Overview
| Metric | Medford | Oregon Avg | US Average |
|---|---|---|---|
| Median Home Price | $374,749 | $406,603 | $248,835 |
| Price Trend (Annual %) | 13.5% | 9.4% | 7.5% |
| Median Gross Rent | $1,351 | $1,525 | $1,407 |
| Rent Trend (Annual %) | 5.8% | 6.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Medford is about 8% lower than in Oregon. Rent is about 11% lower than the Oregon average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Medford, up about 13.5% and 5.8% a year respectively. Home prices are changing faster.
Median rent in Medford rose about 57.8% between 2015 and 2024, from $856 to $1,351. Over the same span, rent in Oregon rose about 68.2%.
Affordability
On average, housing unit costs 5.3 yearly household incomes in Medford.
Buying the median-priced home in Medford costs roughly 23.1 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Medford. The price-to-rent ratio in Oregon is about 22.2.
| Metric | Medford | Oregon Avg | US Average |
|---|---|---|---|
| Median Home Price | $374,749 | $406,603 | $248,835 |
| Median Household Income | $70,276 | $83,617 | $80,455 |
| Price-to-Income Ratio | 5.3 | 4.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Medford rose about 185.6%, while median household income rose about 54.6% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Medford | Oregon Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 54.0% | 58.6% | 58.5% |
| Rental Rate | 40.5% | 33.9% | 31.2% |
| Vacancy Rate | 5.5% | 7.5% | 10.2% |
| Median Tenure (years) | 11.0 | 13.0 | 15.0 |
| Median Year Moved In | 2015 | 2013 | 2011 |
Medford has a homeownership rate of 54.0%, lower than the Oregon average of 58.6%. Its housing vacancy rate is 5.5%, compared with 7.5% in Oregon.
Housing Stock
| Metric | Medford | Oregon Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.41 people | 2.41 people | 2.53 people |
| Median Structure Built Year | 1980 | 1980 | 1978 |
| Median Number of Rooms | 5.2 | 5.3 | 5.5 |
The typical housing unit in Medford was built around 1980. On average, 2.4 people live in a home with about 5.2 rooms, staying for about 11.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Medford, Oregon.
What is the median home price in Medford, Oregon?
The median home price in Medford, Oregon is $374,749, lower than the Oregon average of $406,603.
What is the average home price in Medford, Oregon?
The typical home price in Medford, Oregon, reported as the median sale price, is $374,749. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Medford, Oregon?
The median gross rent in Medford, Oregon is $1,351 per month, lower than the Oregon average of $1,525.
What was the median gross rent in Medford in 2020?
In 2020, the median gross rent in Medford, Oregon was $1,034 per month.
What is the price-to-rent ratio in Medford, Oregon?
The price-to-rent ratio in Medford, Oregon is about 23.1, meaning it would take roughly 23.1 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Medford.
Are home prices or rent rising faster in Medford, Oregon?
Both home prices and rent are rising in Medford, up about 13.5% and 5.8% a year respectively. Home prices are changing faster.
What is the homeownership rate in Medford, Oregon?
54.0% of households in Medford, Oregon own their home, lower than the Oregon average of 58.6%.
What is the vacancy rate in Medford, Oregon?
The housing vacancy rate in Medford, Oregon is 5.5%, lower than the Oregon average of 7.5%.
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