Medford, MA Real Estate

According to census data in the year 2000 there were 22,687 housing units in Medford. This represents a 0.2% growth from 22,650 in 1990.

Of those housing units, 22,687 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.

Homeownership rate in Medford is about 58.7%. Medford's vacancy rate, including seasonal lodging, is about 2.7%. Average household size is 2.43 people.

The majority of houses, apartments or condos in Medford were built after 1939.


Housing Size

Housing Units by Size
Studio Type0.90%
One Bedroom13.60%
Two Bedrooms36.80%
Three Bedrooms32%
Four Bedrooms11.20%
Five Bedrooms or more5.50%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.68
Median year structure was built1939
Median Value of occupied units$226,800
Median Price asked for vacant units$194,200

Rented Homes, Apartments and Condos

Average Household Size2.07
Median year structure was built1940
Median Monthly Rent asked for vacant units$945

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.20%
Second Mortgage5.40%
Home Equity Loan10.70%
Simple Mortgage52.60%
Debt Free31.10%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs21%