Median rent for residential apartments in as of May, 2020.
Be informed, make custom offers based only on median rent prices. But keep in mind, that price depends on size/amenities of the apartment.
149 Medford, MA, USA apartments for rent
Medford
Medford, MA has a population of 57,180, including 76% white, 9% black, and 8% asian.
| Population | 57,180 |
| Median Age | 35.9 |
| Poverty Rate | 10% |
| Median Income (Household) | $79,607 |
| Number Of Employees | 32,251 |
| Median Property Value | $421,200 |
City Overview
The median household income in Medford, MA is around $79,607, while the median age is 35.9. This city is a home to major universities: Elizabeth Grady School of Esthetics and Massage Therapy, Special Focus Institutions, and Lawrence Memorial Hospital School of Nursing. 32,251 employees work in Medford, MA. The homeownership rate among the residents is 56.33%. The median property value that you should keep in mind is $421,200.
Business & Economy
Wage by Common Jobs
Average salary: $44,299
- 1. Elementary & middle school teachers$60,689
- 2. Secretaries & administrative assistants$49,509
- 3. Retail salespersons$40,416
- 4. Nursing, psychiatric, & home health aides$37,791
- 5. Cashiers$33,091
Employment by Occupations
Numbers claim that the employment rate in Medford, MA changed by 1%, so let’s see what are the most common job groups in this area. People of Medford, MA prefer to work in Administrative, Management and Sales.
| Farming, Fishing, & Forestry | 0% |
| Fire Fighting Supervisors | 0% |
| Material Moving | 1% |
| Installation, Maintenance, & Repair | 1% |
| Legal | 2% |
| Law Enforcement Supervisors | 2% |
| Community & Social Service | 2% |
| Health Technicians | 2% |
| Cleaning & Maintenance | 2% |
| Transportation | 2% |
| Production | 3% |
| Healthcare Support | 3% |
| Architecture & Engineering | 3% |
| Arts & Recreation | 3% |
| Construction & Extraction | 3% |
| Personal Care & Service | 4% |
| Life, Physical, & Social Science | 4% |
| Health Practitioners | 4% |
| Computer & Mathematical | 5% |
| Food & Serving | 5% |
| Business & Financial Operations | 6% |
| Education, Training, & Library | 8% |
| Sales | 9% |
| Management | 12% |
| Administrative | 13% |
Employment by Industries
Keeping in mind that the employment rate changed by 1% recently, there must be a strong understanding of industries people of Medford, MA work in. The most common industries are Healthcare & Social Assistance, Educational Services and Professional, Scientific, Tech Services. Please note that not all the residents of Medford, MA work in the area and may be employed outside of the city. Our data is tagged to their residential address, not the work address.
| Agriculture, Forestry, Fishing, Hunting | 0% |
| Management of Companies & Enterprises | 0% |
| Mining, Quarrying, Oil, Gas Extraction | 0% |
| Utilities | 1% |
| Real Estate, Rental & Leasing | 2% |
| Wholesale trade | 2% |
| Arts, Entertainment, Recreation | 2% |
| Transportation & Warehousing | 2% |
| Information | 2% |
| Admin., Support, Waste Management Services | 4% |
| Public Admin. | 4% |
| Construction | 4% |
| Other services, except public administration | 5% |
| Finance & Insurance | 7% |
| Manufacturing | 7% |
| Accommodation & Food Service | 7% |
| Retail trade | 8% |
| Professional, Scientific, Tech Services | 12% |
| Educational Services | 15% |
| Healthcare & Social Assistance | 16% |
Demographics
Race & Ethnicity
According to latest census, Medford, MA is a home for 76% white residents. The second common group is black with 9% residents. The list of the most common racial or ethnic groups is closed by asian with 8% residents.
Non-English Speakers
Education
Past year Medford, MA universities awarded around 455 degrees. Statistics show that the population of students in Medford, MA include 20 male students and 217 female students. Medford, MA offers private and public tuition with a median cost of $0 for private four-year colleges and $0 for in-state public four-year colleges. The largest university of this city is the Elizabeth Grady School of Esthetics and Massage Therapy with the majority of graduates. The Lawrence Memorial Hospital School of Nursing and n/a hold the second and the third place respectively. The share of the public colleges in Medford, MA is n/a% and 100% go to the private colleges.
Universities
- 1. Elizabeth Grady School of Esthetics and Massage Therapy128 graduates
- 2. Lawrence Memorial Hospital School of Nursing109 graduates
Public vs Private
- Public100%
- Private0%
Health and Safety
The age groups that most likely have the health care coverage in Medford, MA are 25-34 years old for men and 25-34 years old for women. Medford, MA offers a 128 primary care clinician to 1 patient ratio. Data records state that dentists ratio is 92 to 1, speaking of mental health doctors ratio, it’s 471 to 1 resident.
Clinician to Patient Ratios
| Primary Care | 1 to 128 |
| Dentists | 1 to 92 |
| Mental Health | 1 to 471 |
| Other | 1 to 78 |
Transportation
Commute Time
Average travel time: 30.91 minutes
- USA
- Medford, MA
Commuter Transportation
The workers of Medford, MA traveled to their offices around 30.91 minutes lately and drove alone to get there. The rest of the residents used public transit and took the subway.
- USA
- Medford, MA
Housing Trends
Medford, MA, USA Housing Trends
Average rent in Medford: $3,043 (+0.5%)
| Rent Price | May | vs Last Month |
|---|---|---|
| 1 bed apartments | $2,442 | -3.7% |
| 2 bed apartments | $3,150 | +0% |
| 3 bed apartments | $3,899 | -2.5% |
| 4+ bed apartments | $2,342 | +1.9% |
| Rent Type Price | May | vs Last Month |
|---|---|---|
| Apartment rentals | $3,150 | +1.9% |
| Room rentals | $1,110 | +8% |
| House rentals | $800 | +6.4% |
Over the May 2020, the average rent for an apartment in/near Medford, MA increased by 0.5% to $3,043. Breaking it down in details, we now see that the average price for 1-bed apartment decreased by 3.7% to $2,442. Pricing for 2-bed apartment also increased by 0% and a place of this size will now cost you $3,150. 3-bed apartment rent pricing starts at $3,899, it decreased by 2.5% lately. We tend to note the rise of 4- and more bed apartment pricing. It increased by 1.9% and made it up to $2,342.
The median rent for an apartment in Medford, MA increased by 1.9% to $3,150. Statistics show that house rent price increased by 6.4% this month making it up to $800. An average room will now go for $1,110, the median rent price for a room increased by 8%.
Rent vs Own
- Rent56%
- Own44%
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