Home Values

Medford Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$237,800

  • 0.8% 1-year change
  • 0.7% 1-year forecast

The median home value in Medford is $237,800. Medford home values have gone up 0.8% over the past year and Zillow predicts they will rise 0.7% within the next year. The median rent price in Medford is $1,790, which is lower than the New York Metro median of $2,495.

Foreclosures will be a factor impacting home values in the next several years. In Medford 1.2 homes are foreclosed (per 10,000). This is the same as the New York Metro value of 1.2 and also lower than the national value of 3.0

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Medford is 22.8%, which is higher than the national value of 6.3%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Medford homeowners underwater on their mortgage is 27.1%, which is higher than New York Metro at 13.1%.

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Relative ZHVI
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Medford Market Overview

Data through Mar 31, 2015
  • $237,800 ZHVI
  • 0.7% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Mar 31, 2016)
  • No data Median listing price
  • $230,547 Median sale price (Jan 31, 2015)
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Medford Market Health

Data through Mar 31, 2015
  • 3.3/10 Less healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
    (Feb 28, 2015)
  • No data Average days on Zillow
  • 27.1% Homes with negative equity (16.9% US Avg) (Dec 31, 2014)
  • 22.8% Delinquent on mortgage (6.3% US Avg) (Dec 31, 2014)

Homes foreclosed (per 10,000)

1.2 homes(Feb 28, 2015) Medford
1.2 homes New York Metro
3 homes United States
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Nearby Cities

Name Median ZHVI
Holtsville $319,700
Brookhaven $298,700
Farmingville $291,300
Name Median ZHVI
Bellport $256,000
Selden $253,500
Coram $253,200
Name Median ZHVI
Patchogue $251,200
Yaphank $228,000
Middle Island $226,000

Listings & Sales

Data through Jan 31, 2015
  • No recent data Median list price / sq ft
  • No recent data Median sale price / sq ft
  • No data Listings with price cut
26.7%
Sold below listing
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Medford Rentals

Data through Mar 31, 2015
  • Zillow Rent Index

  • $2,364 Medford
    $2,355 New York Metro
    $1,362 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 1.7 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $1,790 Rent list price
  • No recent data Rent list price / sq ft
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