Medford, MA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Medford Neighborhoods Since 2000




Medford, MA Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Medford Housing Market Information

With 57,403 people, 22,129 houses or apartments, and a median cost of homes of $493,415, real estate costs in Medford are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Massachusetts communities.

Single-family detached homes are the single most common housing type in Medford, accounting for 33.20% of the city's housing units. Other types of housing that are prevalent in Medford include duplexes, homes converted to apartments or other small apartment buildings ( 32.92%), large apartment complexes or high rise apartments ( 21.33%), and a few row houses and other attached homes ( 12.43%).

People in Medford primarily live in small (one, two or no bedroom) single-family detached homes. Medford has a mixture of owner-occupied and renter-occupied housing.

The housing in Medford was primarily built before 1939 ( 58.71%), making the housing stock in Medford some of the oldest overall in America, although there is a range of ages of homes in Medford. The next most important housing age is between 1940-1969 ( 19.49%), followed by between 1970-1999 ( 15.17%). There's also some housing in Medford built between 2000 and later ( 6.64%).

Medford Home Appreciation Rates

In the last 10 years, Medford has experienced some of the highest home appreciation rates of any community in the nation. Medford real estate appreciated 24.26% over the last ten years, which is an average annual home appreciation rate of 2.20%, putting Medford in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Medford definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Medford that despite a nationwide downturn in the housing market, Medford real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Medford appreciation rates continue to be some of the highest in America, at 8.16%, which is higher than appreciation rates in 87.50% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Medford. Medford appreciation rates in the latest quarter were at 1.07%, which equates to an annual appreciation rate of 4.36%.

Relative to Massachusetts, our data show that Medford's latest annual appreciation rate is higher than 90% of the other cities and towns in Massachusetts.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Medford differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Medford - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Medford real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$493,415

Medford, MA HOME PRICES

Value Range
> $1,272,000 1.0
$954,001 - $1,272,000 1.7
$636,001 - $954,000 19.7
$509,001 - $636,000 26.8
$382,001 - $509,000 32.3
$254,001 - $382,000 13.1
$127,001 - $254,000 2.7
$64,001 - $127,000 0.1
$0 - $64,000 2.5

High for MA
Very High for Nation

Value Relative to Nation Value Relative to State
6.11156685808039 24.0384615384615

Number Of Homes And Apartments:
22,129

Medford Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MA*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
78.78% 3.43% 10 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,134 / per month

Homeownership Rate

Homeownership
Owners 53.74
Renters 46.26
Vacant 4.65

Housing Market Details

 

Age of Homes

AGE OF Medford HOMES
2000 or Newer 6.6
1970 - 1999 15.2
1940 - 1969 19.5
1939 or Older 58.7

Types of Homes

TYPE OF Medford HOMES
Single-Family 33.2
Townhomes 12.4
Small Apt. Buildings 32.9
Apt. Complexes 21.3
Mobile Homes 0.0
Other 0.1

Home Size

SIZE OF Medford HOMES
No Bedroom 1.48
1 Bedroom 13.09
2 Bedrooms 37.95
3 Bedrooms 30.99
4 Bedrooms 12.26
5 or more bedrooms 4.23