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.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.90% |
| One Bedroom | 13.60% |
| Two Bedrooms | 36.80% |
| Three Bedrooms | 32% |
| Four Bedrooms | 11.20% |
| Five Bedrooms or more | 5.50% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.68 |
| Median year structure was built | 1939 |
| Median Value of occupied units | $226,800 |
| Median Price asked for vacant units | $194,200 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.07 |
| Median year structure was built | 1940 |
| Median Monthly Rent asked for vacant units | $945 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.20% |
| Second Mortgage | 5.40% |
| Home Equity Loan | 10.70% |
| Simple Mortgage | 52.60% |
| Debt Free | 31.10% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 21% |
