According to statistics, the population in Medford, OR amounts to 79,246, which shows decline 0% compared to the previous year. The median age of the city’s residents is 37. The average household income is $45,361, shifting growth 3% from the past year, and the average property value in Medford, OR growth 7% to $229,200 throughout the year.
|Number Of Employees||35,287|
|Median Property Value||$229,200|
The average household income in Medford, OR grew from $44,130 to $45,361 in the past year. This data is an estimate based upon 30,805 households in Medford, OR . The chart below presents how household income is distributed in Medford, OR in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Medford, OR shifted from $213,300 to $229,200 throughout the year. The subsequent graph indicates the share of properties in the given price range in Medford, OR in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Medford, OR properties falls in the '$200,000 to $249,999' range, which is lower than the most significant median property across the country.
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Medford, OR compared to median property taxes around the country. The prevalent amount of property taxes in Medford, OR equals $2500, which is less than the national average.
|Apartment Size||Jul||vs Last Month|
|Studio for sale||$575,676||+83.9%|
|1 bed for sale||$365,800||N/A|
|2 bed for sale||$278,843||-13.4%|
|3 bed for sale||$448,098||-0.5%|
|4+ bed for sale||$569,572||-16.2%|
During Jul 2022, the average price for an apartment in/near Medford, OR decreased by 5.1% to $476,473.
After collecting all data points, we now see that the average price for 1-bed apartment stands at $365,800 with no changes this month. Asking price for 2-bed apartment also decreased by 13.4% and a place of this size will now cost you $278,843. A 3-bed apartment goes for $448,098, it decreased by 0.5% lately. We discerned the rise of 4- and more bed apartment pricing. It decreased by 16.2% and made it down to $569,572.
|Listing Type||Jul||vs Last Month|
|Apartments for sale||$124,950||+10.3%|
|Townhouses for sale||$360,000||-3.4%|
|Houses for sale||$491,189||-4%|
|Land for sale||$502,222||-19.4%|
|Condos for sale||$209,833||-35.5%|
|Duplexes for sale||$410,987||-6.6%|
The average cost of an apartment in Medford, OR rised by 10.3% to $124,950. Price reports demonstrate that house price decreased by 4% this month making it up to $491,189. Condos faced an upward trend these days. The median price for a condo decreased by 35.5%, it’s now available for $209,833. You can now purchase a duplex for just $410,987, duplex price decreased by 6.6% this month. The property value of townhouses decreased by 3.4%, you’ll have to spend around $360,000 to get one.