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

$199,400

  • 9.3% 1-year change
  • 3.8% 1-year forecast

The median home value in Medford is $199,400. Medford home values have gone up 9.3% over the past year and Zillow predicts they will rise 3.8% within the next year. The median list price per square foot in Medford is $131, which is lower than the Medford Metro average of $145. The median price of homes currently listed in Medford is $229,900 while the median price of homes that sold is $198,750. The median rent price in Medford is $775, which is lower than the Medford Metro median of $915.

Foreclosures will be a factor impacting home values in the next several years. In Medford 5.0 homes are foreclosed (per 10,000). This is the same as the Medford Metro value of 5.0 and also greater than the national value of 4.2

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 9.4%, which is higher than the national value of 6.4%. 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 21.3%, which is higher than Medford Metro at 19.2%.

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Relative ZHVI
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Medford Market Overview

Data through Nov 30, 2014
  • $199,400 ZHVI
  • 3.8% 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
    (Nov 30, 2015)
  • $229,900 Median listing price
  • $198,750 Median sale price
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Medford Market Health

Data through Nov 30, 2014
  • 3.8/10 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.
  • No data Average days on Zillow
  • 21.3% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 9.4% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

5 homes Medford
5 homes Medford Metro
4.2 homes United States
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Nearby Cities

Name Median ZHVI
Ashland $350,900
Jacksonville $344,500
Eagle Point $215,300
Name Median ZHVI
Shady Cove $208,900
Talent $208,600
Phoenix $191,100
Name Median ZHVI
Central Point $190,000
Rogue River $174,800
White City $144,300

Listings & Sales

Data through Nov 30, 2014
  • $131 Median list price / sq ft
  • $129 Median sale price / sq ft
  • No data Listings with price cut
25.0%
Sold below listing
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Medford Rentals

Data through Nov 30, 2014
  • Zillow Rent Index

  • $1,157 Medford
    $1,204 Medford Metro
    $1,342 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
    (Jun 30, 2014)
  • $775 Rent list price
  • $0.76 Rent list price / sq ft
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