Medford, NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Medford Neighborhoods Since 2000




Medford, NJ 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 23,414 people, 2,168 houses or apartments, and a median cost of homes of $97,948, house prices in Medford are solidly below the national average.

Medford is a town of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Medford than is found in 98% of the communities in America.

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Medford. Owner-occupied housing accounts for 84.60% of Medford's homes, and 74.02% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Medford built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Medford built between 1940-1969 ( 17.78%). A lesser amount of the housing stock also hails from between 2000 and later ( 11.89%). There's also some housing in Medford built before 1939 ( 3.14%).

Medford Home Appreciation Rates

Appreciation rates for homes in Medford have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 10.89%, which ranks in the top 30% nationwide. This equates to an annual average Medford house appreciation rate of 1.04%.

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 6.97%, which is higher than appreciation rates in 81.15% 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 0.00%, which equates to an annual appreciation rate of 0.00%.

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

Average Home Values

 

Median Home Value:
$97,948

Medford, NJ HOME PRICES

Value Range
> $1,154,000 0.8
$866,001 - $1,154,000 0.5
$577,001 - $866,000 1.2
$462,001 - $577,000 0.9
$346,001 - $462,000 3.9
$231,001 - $346,000 10.4
$116,001 - $231,000 23.1
$58,001 - $116,000 40.2
$0 - $58,000 19.0

Very Low for NJ
Low for Nation

Value Relative to Nation Value Relative to State
78.8995663893121 98.780487804878

Number Of Homes And Apartments:
2,168

Medford Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NJ*
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
52.91% 2.49% 5 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$791 / per month

Homeownership Rate

Homeownership
Owners 84.60
Renters 15.40
Vacant 3.88

Housing Market Details

 

Age of Homes

AGE OF Medford HOMES
2000 or Newer 11.9
1970 - 1999 67.2
1940 - 1969 17.8
1939 or Older 3.1

Types of Homes

TYPE OF Medford HOMES
Single-Family 78.1
Townhomes 10.2
Small Apt. Buildings 1.7
Apt. Complexes 9.9
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Medford HOMES
No Bedroom 1.08
1 Bedroom 6.49
2 Bedrooms 11.58
3 Bedrooms 25.87
4 Bedrooms 48.15
5 or more bedrooms 6.82