Medford, NY Real Estate
According to census data in the year 2000 there were 6,939 housing units in Medford.
This represents a 7.4% growth from 6,458 in 1990.
Of those housing units, 6,939 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 89.3%.
Medford's vacancy rate, including seasonal lodging, is about 2.1%.
Average household size is 3.23 people.
The majority of houses, apartments or condos in Medford were built after 1974.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.80% |
| One Bedroom | 6.90% |
| Two Bedrooms | 11.30% |
| Three Bedrooms | 49.50% |
| Four Bedrooms | 24.30% |
| Five Bedrooms or more | 7.20% |
Owned Homes, Apartments and Condos
| Average Household Size | 3.32 |
| Median year structure was built | 1973 |
| Median Value of occupied units | $145,600 |
| Median Price asked for vacant units | $141,700 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.45 |
| Median year structure was built | 1976 |
| Median Monthly Rent asked for vacant units | $1,028 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.80% |
| Second Mortgage | 11.10% |
| Home Equity Loan | 8.30% |
| Simple Mortgage | 64.80% |
| Debt Free | 14.90% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 22.9% |
