Medford Home Prices & Values

$186,700 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • 10.9% 1-year change
  • 2.1% 1-year forecast

The median home value in Medford is $186,700. Medford home values have gone up 10.9% over the past year and Zillow predicts they will rise 2.1% within the next year. The median list price per square foot in Medford is $130, which is lower than the Medford Metro average of $145. The median price of homes currently listed in Medford is $230,000 while the median price of homes that sold is $198,737. The median rent price in Medford is $810, which is lower than the Medford Metro median of $895.

Foreclosures will be a factor impacting home values in the next several years. In Medford 6.9 homes are foreclosed (per 10,000). This is greater than the Medford Metro value of 6.5 and also greater than the national value of 4.8

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 9.1%, which is higher than the national value of 7.2%. 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 27.8%, which is higher than Medford Metro at 24.4%.

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Relative ZHVI
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Medford Market Overview

Data through May 31, 2014
  • $186,700 ZHVI
  • 2.1% 1-yr forecast What's This?  
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    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (May 31, 2015)
  • $230,000 Median listing price
  • $198,737 Median sale price
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Medford Market Health

Data through May 31, 2014
  • 1.7/10 Less healthy What's This?  
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    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 of days on Zillow
  • 27.8% Homes with negative equity (18.8% US Avg) (Mar 31, 2014)
  • 9.1% Delinquent on mortgage (7.2% US Avg) (Mar 31, 2014)

Homes foreclosed (per 10,000)

6.9 homes Medford
6.5 homes Medford Metro
4.8 homes United States
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Nearby Cities

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Ashland $334,600 Jacksonville $315,700 Eagle Point $207,600
Shady Cove $194,000 Talent $190,800 Phoenix $181,400
Central Point $177,200 Rogue River $162,200 White City $136,600

Listings & Sales

Data through May 31, 2014
  • $130 Median list price / sq ft
  • $126 Median sale price / sq ft
  • 22.2% Listings with price cut
24.3%
Sold below listing
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Medford Rentals

Data through May 31, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$1,141 Medford
$1,164 Medford Metro
$1,310 United States
  • 3.0 Breakeven horizon What's This?  
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    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more

    (Jun 30, 2013)
  • $810 Rent list price
  • $0.76 Rent list price / sq ft
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