Average rent in Medford

Average rent in Medford,OR

Over the years, the average rent in the beautiful city of Medford, OR has been a topic of discussion among renters and those interested in real estate. Firstly, in 2020, the average rent stood at $1,350 per month. However, as we transitioned into 2021, the rent price increased by 3%, leaving the average rent at $1,391 per month. Looking forward, in 2023, the average rent is projected to be $1,515 per month. This increase of 8% from the previous year means that renters will have to budget more to live in this beautiful city. Therefore, it is important to understand the trends and changes in rent prices in Medford, OR when considering renting a space in the future.

Average rent in Medford,OR for 1-bedroom

In 2023, the average rent in Medford, OR for a 1-bedroom apartment is projected to be $1,200 per month. This reflects a 12% increase from the average rent in 2020, which was $1,071. Looking back even further, the average rent in 2015 was $860, meaning there has been a 40% increase in just eight years. Despite the rising cost of living, Medford still maintains its reputation as an affordable city compared to neighboring cities like Portland or Seattle. Nevertheless, for those looking for a new place to call home in Medford, it’s important to be aware of these trends and plan accordingly.

Average rent in Medford,OR for 2-bedroom

The current average rent in Medford, OR for a 2-bedroom apartment is $1,400 per month. Looking back to the previous year, the average rent increased by $100 from 2022. In contrast, the average rent going back to 2019 was only $1,200 per month. However, despite the gradual increase, Medford’s average rent for a 2-bedroom apartment is still lower than the national average, making it a desirable destination for those seeking affordable housing.

Average rent in Medford,OR for 3-bedroom

In 2023, the average rent for a 3-bedroom apartment in Medford, OR is expected to increase significantly. A recent study has shown that the average rent will rise to $2,500 per month, which is a steep increase from the previous year’s average rent of $2,000 per month. This trend is likely to continue as the city’s population grows, and demand for rental properties increases. Overall, residents in Medford are likely to feel the impact of rising rental prices, and it is important for them to be aware of the changing rental market to plan accordingly.

Average rent in Medford,OR for studio

In the year 2023, the average rent in Medford, OR for a studio apartment will be $1,200, according to recent reports. This represents a significant increase from the previous year’s average of $1,050. Additionally, over the past five years, the average rent in Medford for studio apartments has steadily risen, with a sharp increase of 12% from 2022-2023 alone. Despite these rising costs, Medford remains an affordable option for those seeking housing in Oregon, especially when compared to cities like Portland or Eugene with much higher rental rates.

Average rent in Medford,OR for townhouse

In terms of the average rent for a townhouse in Medford, Oregon, the figures for 2023 indicate an increase. According to recent data, the average rent for a townhouse in Medford stands at $1,500 per month, which is a significant jump from the previous year’s average of $1,300 per month. Additionally, this figure represents a steady increase over the past few years, as the average rent for a townhouse in Medford was around $1,100 per month in 2018. It’s clear that tenants in this area can expect to pay more for their housing in the coming years, based on these trends. Despite the rising prices, Medford remains an attractive destination for those who want to enjoy the peace and beauty of Southern Oregon.

Most expensive neighborhoods in Medford,OR

Medford, OR is a city known for its beautiful landscapes, excellent amenities, and upscale neighborhoods. The city boasts a number of neighborhoods that offer luxurious living and are amongst the most expensive in the area. Some of these neighborhoods include, but are not limited to, North Medford, Ashland, and Jacksonville.

These neighborhoods feature sprawling estates and large, custom-built homes that are the epitome of luxury living. Residents of these neighborhoods enjoy easy access to high-end boutiques, gourmet restaurants, and top-rated schools. With stunning views of the surrounding mountains, these neighborhoods offer residents the ultimate in sophisticated living.

Most affordable neighborhoods in Medford,OR

Medford, OR has plenty of options for those looking for an affordable neighborhood to call home. Some of the most affordable neighborhoods in Medford include Hillcrest, Fruitdale, and Jackson Creek Estates. Hillcrest is known for its spacious homes and quiet streets, while Fruitdale is ideal for families looking for a community with good schools and plenty of green space. Jackson Creek Estates is also a popular neighborhood, with a variety of housing options and easy access to local amenities. No matter which neighborhood you choose, you’re sure to find affordable homes and a welcoming community in Medford.

Most popular neighborhoods in Medford,OR

Medford, OR is a vibrant city with many different neighborhoods. Among the most popular are the areas of Jacksonville, East Medford, and West Medford. Jacksonville is known for its picturesque streets, historic buildings, and charming boutique shops. East Medford offers upscale housing options in a desirable location close to many amenities, including shopping centers and parks.

West Medford is known for its diverse population and easy access to downtown, with a range of housing options from affordable to luxurious. Each of these neighborhoods has its unique character and appeal, making them great choices for anyone looking to live in Medford.

Comparison with other cities

1. Portland, OR – $1,659
2. Seattle, WA – $2,103
3. San Francisco, CA – $3,698
4. New York, NY – $3,383
5. Los Angeles, CA – $2,528
6. Denver, CO – $1,703
7. Austin, TX – $1,460
8. Boston, MA – $2,887
9. Minneapolis, MN – $1,553
10. Phoenix, AZ – $1,284
11. Nashville, TN – $1,470
12. Atlanta, GA – $1,503
13. Miami, FL – $1,947
14. Dallas, TX – $1,637
15. Chicago, IL – $2,280

FAQ

Q: What is the average rent in Medford, OR in 2023?
A: The average rent in Medford, OR in 2023 is $1,450 per month.

Q: Is the average rent in Medford, OR increasing or decreasing?
A: The average rent in Medford, OR is increasing, with a 6% rise in 2023 compared to the previous year.

Q: What is the average cost of a one-bedroom apartment in Medford, OR in 2023?
A: The average cost of a one-bedroom apartment in Medford, OR in 2023 is $1,200 per month.

Q: What is the average cost of a two-bedroom apartment in Medford, OR in 2023?
A: The average cost of a two-bedroom apartment in Medford, OR in 2023 is $1,700 per month.

Q: Are there any affordable apartments available in Medford, OR in 2023?
A: Yes, there are affordable apartments available in Medford, OR in 2023, with some one-bedroom units ranging from $700-$900 per month.

Q: What factors affect the average rent in Medford, OR in 2023?
A: The factors affecting the average rent in Medford, OR in 2023 include the current housing demand, local job market, and the cost of living in the city.

Q: Is it possible to find luxury apartments in Medford, OR in 2023?
A: Yes, it is possible to find luxury apartments in Medford, OR in 2023, with some two-bedroom units costing over $2,000 per month.

Q: Are there any rent control laws in Medford, OR in 2023?
A: No, there are no rent control laws in Medford, OR in 2023. Landlords can set their own rent prices as long as it does not violate discrimination laws.

Q: Is it cheaper to rent or own a home in Medford, OR in 2023?
A: It depends on individual circumstances, but in most cases, it is cheaper to rent a home in Medford, OR in 2023. Without a significant down payment and a lengthy mortgage, buying a home may be impossible for some people.





Author – Stan Huxley

Passionate about real estate, Stan Huxley brings a wealth of experience to our articles. With a lifelong career in the industry, Stan’s insights, tips, and expert advice empower readers to navigate the world of real estate confidently. Whether you’re a homebuyer, seller, or investor, Stan is your trusted guide to making informed decisions.

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