Home prices
The median home in Medford is valued at $500,800. Compared to its surrounding areas this is about $110,880 (18%) lower.It is about $283,300 (130%) higher in comparison to the entire nation, and it is approximately $31,900 (5%) lower in comparison to the city of Boston.
Rents
The median monthly rent in Medford is $1,817. This is roughly $110 (6%) higher compared to nearby areas.It is about $755 (71%) higher compared to the United States as a whole, and compared to the city of Boston is about $197 (12%) higher.
Nearby places
Somerville
Somerville is Medford's neighbor to the south. Its housing prices are a bit more expensive. The median home in Somerville costs $664,700, which is $163,900 (24%) higher than Medford. Rent there is pretty similar. Somerville's median rent is $1,874 a month, which works out to $57 (3%) higher than Medford.
Malden
Malden is Medford's neighbor to the east. Housing prices there are a bit less expensive. The median home in Malden costs $401,900, which comes out to $98,900 (24%) lower than Medford. Its rents are somewhat less expensive. In Malden the median monthly rent is $1,577, which is $240 (15%) lower than Medford.
Arlington
Arlington is Medford's neighbor to the west. Its housing prices are a bit more expensive. Arlington's median home price is $642,200, which is $141,400 (22%) higher than Medford. Rent there is somewhat less expensive. Arlington's median monthly rent is $1,730, which works out to $87 (5%) lower than Medford.
Winchester
Winchester is Medford's neighbor to the northwest. Its real estate prices are a lot more expensive. The median home in Winchester costs $943,800, which comes out to $443,000 (46%) higher than Medford. Rent there is similar. Winchester's median rent is $1,900 a month, which comes out to $83 (4%) higher than Medford.
Everett
Everett is Medford's neighbor to the southeast. Its housing prices are a little less expensive. Everett's median home value is $405,800, which works out to $95,000 (23%) lower than Medford. Its rents are a bit less expensive. In Everett the median rent is $1,454 per month, which comes out to $363 (24%) lower than Medford.
