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Medford, OR Real Estate


According to census data in the year 2000 there were 26,310 housing units in Medford. This represents a 33.7% growth from 19,684 in 1990.

Of those housing units, 26,293 were located in either urbanized areas or urban clusters, and 17 were located in what is classified as a rural area.

Homeownership rate in Medford is about 57.1%. Medford's vacancy rate, including seasonal lodging, is about 4.4%. Average household size is 2.47 people.

The majority of houses, apartments or condos in Medford were built after 1975.

Statistics

Housing Size

Housing Units by Size
Studio Type3.40%
One Bedroom14%
Two Bedrooms28.90%
Three Bedrooms43.90%
Four Bedrooms8.60%
Five Bedrooms or more1.30%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.57
Median year structure was built1976
Median Value of occupied units$132,400
Median Price asked for vacant units$143,500

Rented Homes, Apartments and Condos

Average Household Size2.35
Median year structure was built1974
Median Monthly Rent asked for vacant units$519

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.30%
Second Mortgage10.20%
Home Equity Loan8%
Simple Mortgage54.90%
Debt Free26.60%
As % of Housing Units
         
Median part of Monthly Household Income dedicated to covering home ownership costs19.7%