The housing market in Medford, MA is quite a bit higher than the US median value at $675,400. Despite this higher median value, the appreciation of homes in Medford over the past year has been lower than the national average, with a rate of 5.64% compared to 8.27%. This lower appreciation rate may suggest a slower moving market in Medford and indicates that potential home buyers may find good bargains when looking to buy a house.
The median home cost in Medford is $675,400. Home appreciation the last 10 years has been 104.4%. Home Appreciation in Medford is up 10.6%.
Average Age of Homes
- The median age of Medford real estate is 78 years old
The Rental Market in Medford
- Renters make up 40.3% of the Medford population
- 1.8% of houses and apartments in Medford, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.