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

$233,700

  • -0.9% 1-year change
  • -0.7% 1-year forecast

The median home value in Medford is $233,700. Medford home values have declined -0.9% over the past year and Zillow predicts they will fall -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 $2,500.

Foreclosures will be a factor impacting home values in the next several years. In Medford 3.9 homes are foreclosed (per 10,000). This is greater than the New York Metro value of 2.2 and also the same as the national value of 3.9

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%.

Read more
Relative ZHVI
- +

Medford Market Overview

Data through Apr 30, 2015
  • $233,700 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
    (Apr 30, 2016)
  • No data Median listing price
  • $264,907 Median sale price (Mar 31, 2015)
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading

Medford Market Health

Data through Apr 30, 2015
  • No recent data Less healthy
  • 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)

3.9 homes Medford
2.2 homes New York Metro
3.9 homes United States
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading

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

  • No data
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading

Medford Rentals

Data through Apr 30, 2015
  • Zillow Rent Index

  • $2,382 Medford
    $2,372 New York Metro
    $1,364 United States

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

  • 2.7 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Dec 31, 2014)
  • $1,790 Rent list price
  • No recent data Rent list price / sq ft
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading