Medford, MA has a population of 57,700, while the median age is 36. The household income in Medford, MA is around $86,204. The homeownership rate among the residents is 57%. The median residential property value in Medford, MA that you should keep in mind is $443,100.
Population | 57,700 |
Median Age | 35.8 |
Poverty Rate | 10% |
Household Income | $86,204 |
Number Of Employees | 33,149 |
Median Property Value | $443,100 |
Rent Price |
May | vs Last Month |
---|---|---|
Studio apartments | $4,874 | +52% |
1-bed apartments | $2,491 | -9% |
2-bed apartments | $3,200 | -17.7% |
3-bed apartments | $3,474 | -39.6% |
4+ bed apartments | $4,857 | -32.6% |
Over the May 2023, the average rent for an apartment in/near Medford, MA decreased by 32% to $3,401.
Compared to the last month, the average price for a rental studio in Medford, MA has increased by 52%. You can expect to rent the studio for $4,874 on average this month. Breaking it down in details, we now see that the average price for 1-bed apartment decreased by 9% to $2,491. Pricing for 2-bed apartment also decreased by 17.7% and a place of this size will now cost you $3,200. 3-bed apartment rent pricing starts at $3,474, it decreased by 39.6% lately. We tend to note the rise of 4- and more bed apartment pricing. It decreased by 32.6% and made it down to $4,857.
Rent Type Price |
May | vs Last Month |
---|---|---|
Rooms for rent | $987 | -16.8% |
Houses for rent | $5,165 | -40.3% |
Condos for rent | $2,942 | -50.1% |
Apartments for rent | $3,325 | -10.9% |
Duplexes for rent | $5,250 | N/A |
The median rent for an apartment in Medford, MA decreased by 10.9% to $3,325. Statistics show that house rent price decreased by 40.3% this month making it up to $5,165. Condos faced an upward trend these days. The median rent for a condo decreased by 50.1%, it’s now available for $2,942. An average duplex is now available for $5,250, cause median rent for a duplex remains the same this month. An average room will now go for $987, the median rent price for a room decreased by 16.8%.