Market Overview
Home Prices in Medford, NY
The median home value in Medford, NY is $614,696 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4.4% compared to a year ago and up 6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Medford are priced50% above average. Medford is part of the New York-Newark-Jersey City, NY-NJ-PA metro area.
Over the past five years, Medford home values have risen by approximately37.7%, reflecting strong long-term appreciation in this market.
Price History
Medford Home Price Trend
City Comparison
Medford vs. National Median
At $614,696, homes in Medford cost 50% above the national median of $410,000. Buyers in Medford should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Medford?
20% Down Payment
$122,939
on $614,696
Monthly P&I
$3,206/mo
30-yr @ 6.8%
Total Monthly Est.
~$4,072/mo
incl. taxes & insurance
Income Needed
$162,880
gross annual (30% rule)
10% Down Option
$61,470
+ PMI applies
Loan Amount (20% dn)
$491,757
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Medford, NY?
The median home value in Medford is $614,696 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4.4% year-over-year.
How much have home prices changed in Medford?
Over the past year, home values in Medford have increased by 4.4%. Over five years, prices have risen approximately 37.7%.
How much do I need to earn to buy a home in Medford?
To comfortably afford the median home price of $614,696 with a 20% down payment ($122,939) at today's rates (6.8%), you'd need a gross annual income of approximately $162,880. This assumes keeping total housing costs at or below 30% of gross income.
How does Medford compare to the national average home price?
The national median home value is approximately $410,000. At $614,696, homes in Medford are 50% above the national average.
What metro area is Medford part of?
Medford is part of the New York-Newark-Jersey City, NY-NJ-PA metropolitan area. Home prices and market conditions can vary across the broader metro region.