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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 4,286 people, 1,804 houses or apartments, and a median cost of homes of $201,559, house prices in Medford are solidly below the national average.
Single-family detached homes are the single most common housing type in Medford, accounting for 58.23% 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 ( 21.29%), large apartment complexes or high rise apartments ( 11.67%), and a few mobile homes or trailers ( 8.81%).
The most prevalent building size and type in Medford are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 54.20% owning and 45.80% renting.
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 ( 35.35%). A lesser amount of the housing stock also hails from between 2000 and later ( 12.89%). There's also some housing in Medford built before 1939 ( 12.89%).
Real estate appreciation rates in Medford's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.71% during the period.
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 7.75%, which is higher than appreciation rates in 83.07% 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 2.60%, which equates to an annual appreciation rate of 10.82%.
Importantly, this makes Medford one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to Wisconsin, our data show that Medford's latest annual appreciation rate is higher than 50% of the other cities and towns in Wisconsin.
$201,559
for Wisconsin
for nation
1,804
$1,249 / per month