Medford, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Medford Neighborhoods Since 2000




Medford, NY 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 24,295 people, 7,788 houses or apartments, and a median cost of homes of $311,526, Medford real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Medford, accounting for 82.93% of the town's housing units. Other types of housing that are prevalent in Medford include large apartment complexes or high rise apartments ( 7.81%), row houses and other attached homes ( 6.77%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.40%).

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 83.50% of Medford's homes, and 68.09% 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 ( 30.05%). A lesser amount of the housing stock also hails from between 2000 and later ( 10.73%). There's also some housing in Medford built before 1939 ( 3.07%).

Medford Home Appreciation Rates

Homes have actually lost value in Medford over the last then years, as home values have seen a decline of 21.51% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Medford home appreciation rates at 0.66%, which equates to an annual appreciation rate of 2.68%.

NeighborhoodScout's data show that during the latest twelve months, Medford's appreciation rate, at 3.63%, has been at or slightly above the national average. In the latest quarter, Medford's appreciation rate has been 0.66%, which annualizes to a rate of 2.68%.

Relative to New York, our data show that Medford's latest annual appreciation rate is higher than 60% of the other cities and towns in New York.

Average Home Values

 

Median Home Value:
$311,526

Medford, NY HOME PRICES

Value Range
> $1,097,000 0.9
$822,001 - $1,097,000 0.4
$548,001 - $822,000 3.0
$439,001 - $548,000 8.7
$329,001 - $439,000 31.6
$219,001 - $329,000 45.3
$110,001 - $219,000 7.3
$55,001 - $110,000 0.9
$0 - $55,000 1.8

High for NY
Very High for Nation

Value Relative to Nation Value Relative to State
15.2877065510372 31.4253647586981

Number Of Homes And Apartments:
7,788

Medford Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NY*
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
57.78% 2.68% 6 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,009 / per month

Homeownership Rate

Homeownership
Owners 83.50
Renters 16.50
Vacant 6.38

Housing Market Details

 

Age of Homes

AGE OF Medford HOMES
2000 or Newer 10.7
1970 - 1999 56.1
1940 - 1969 30.1
1939 or Older 3.1

Types of Homes

TYPE OF Medford HOMES
Single-Family 82.9
Townhomes 6.8
Small Apt. Buildings 2.4
Apt. Complexes 7.8
Mobile Homes 0.1
Other 0.0

Home Size

SIZE OF Medford HOMES
No Bedroom 0.56
1 Bedroom 9.34
2 Bedrooms 12.09
3 Bedrooms 40.26
4 Bedrooms 27.83
5 or more bedrooms 9.92