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2024 Compare Cities Housing:
Medford, MA vs Salem, MA

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Highlights
- The median age of a home in Medford is 20.5% older than the median age of a home in Salem.

Housing
 Medford, MASalem, MAUnited States
 Median Home Age786242
 Median Home Cost$675,400$505,900$338,100
 Home Appr. Last 12 months10.6%13.0%16.6%
 Home Appr. Last 5 yrs.44.8%51.0%57.0%
 Home Appr. Last 10 yrs.104.4%95.5%101.1%
 Property Tax Rate$9.2$14.1$11.0
 Homes Owned51.4%48.6%57.4%
 Housing Vacant5.7%5.8%11.2%
 Homes Rented42.9%45.6%31.4%
 space
 Avg Rent For Home Or Apartment
 Medford, MASalem, MAUnited States
 Average Rent$3,510$2,620$1,840
 Studio Apartment$2,210$1,630$1,080
 1 Bedroom Home or Apartment$2,410$1,790$1,180
 2 Bedroom Home or Apartment$2,930$2,190$1,430
 3 Bedroom Home or Apartment$3,560$2,660$1,860
 4 Bedroom Home or Apartment$3,930$2,940$2,160
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 Vacant Housing
 Medford, MASalem, MAUnited States
 Vacant For Rent1.8%0.9%1.9%
 Vacant Rented0.1%0.5%0.4%
 Vacant For Sale0.1%0.4%0.7%
 Vacant Sold0.6%0.5%0.4%
 Vacant Vacation0.5%0.6%3.6%
 Vacant Other2.6%2.9%4.1%
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 Owner-Occupied Housing Value
 Medford, MASalem, MAUnited States
 Less Than $20,0001.0%1.4%2.6%
 $20,000 to $39,9990.3%0.4%2.4%
 $40,000 to $59,9990.1%0.0%2.8%
 $60,000 to $79,9990.5%0.5%3.9%
 $80,000 to $99,9990.0%0.1%4.5%
 $100,000 to $149,9990.8%0.9%11.3%
 $150,000 to $199,9990.6%1.8%13.0%
 $200,000 to $299,9994.7%15.0%20.1%
 $300,000 to $399,9998.9%31.0%13.6%
 $400,000 to $499,99916.0%25.2%8.3%
 $500,000 to $749,99948.9%19.2%9.7%
 $750,000 to $999,99916.1%2.6%3.9%
 $1,000,000 to $1,499,9992.0%1.4%2.2%
 $1,500,000 to $1,999,9990.0%0.1%0.8%
 $2,000,000 and over0.3%0.5%1.1%
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 Housing Units By Year Built
 Medford, MASalem, MAUnited States
 2015 and Newer0.0%0.2%0.2%
 2010 to 20145.9%6.1%13.6%
 2000 to 20095.9%6.1%13.6%
 1990 to 19992.7%3.4%13.6%
 1980 to 19897.5%10.9%13.2%
 1970 to 19798.1%8.5%14.8%
 1960 to 19692.7%3.4%13.6%
 1950 to 19599.6%6.1%10.0%
 1940 to 19497.5%4.6%4.7%
 1939 or Earlier47.8%52.3%12.2%

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Reviews for Medford    2 Reviews

Over 10 years ago

Medford is still an affordable place to live compared to the surrounding communities of Somerville, Cambridge, Winchester, and Arlington. It has easy access to highways  More

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Over 17 years ago

Quality housing still at affordable prices. A nice bedroom community 7 miles from downtown Boston with excellent access to Cape Cod and New  More

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Reviews for Salem    4 Reviews

I've been in Salem, Massachusetts for a year now because it brought me up here for my husband's job. Salem may be a great place to visit during Halloween but other  More

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Over 11 years ago

My husband and I move to Salem, MA from Long Island NY five years ago and we love it! We kept on visiting for Halloween and we just decided to move here for the hell of  More

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Over 17 years ago

We are family friendly, albeit strange. We celebrate Halloween for a month. Check out the Haunted Happenings  More

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ZIPS IN MEDFORD, MASSACHUSETTS
02155
ZIPS IN SALEM, MASSACHUSETTS
01970

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