Mortgage payment estimates, closing cost breakdowns, and homebuying data for Medford, Oregon.
Median Home Price
$395K
Population
86K
Avg Monthly Rent
$1,380
Property Tax Rate
0.93% *
* Property tax shown is the Oregon state average effective rate. Actual rates vary by county, city, and school district — check with your local assessor for exact rates in Medford.
Medford vs Oregon Median
The median home price in Medford is $395,000, which is 18% below the Oregon state median of $480,000.
Mortgage Calculator — Medford, OR
Pre-filled with Medford median home price and Oregon tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $395K home using Oregon's 0.93% tax rate and $1,400/yr insurance.
5% Down
$3,014/mo
Down: $19,750
Loan: $375K
P&I: $2,372
Tax: $306
Insurance: $117
PMI: $219
10% Down
$2,877/mo
Down: $39,500
Loan: $356K
P&I: $2,247
Tax: $306
Insurance: $117
PMI: $207
20% Down (No PMI)
$2,420/mo
Down: $79,000
Loan: $316K
P&I: $1,997
Tax: $306
Insurance: $117
Income needed (28% rule): $104K/year with 20% down, $123K/year with 10% down.
Rent vs Buy in Medford
Rent
$1,380/mo
vs
Buy (10% down)
$2,877/mo
Price-to-rent ratio: 23.9 — At a ratio above 20, renting may be more economical in Medford for shorter stays. Buying costs $1,497 more per month than renting, and it typically takes 5-7 years to break even on the transaction costs of buying.
The median home price in Medford is $395,000, 18% below the Oregon state median of $480,000. With a population of 85,824, Medford is a smaller market where home prices tend to be more accessible than in many parts of Oregon.
Property taxes in Oregon average 0.93% annually. This moderate property tax rate means a $395,000 home in Medford would carry roughly $306/month in property taxes. Homeowners insurance in Oregon runs approximately $1,400 per year. This is within the normal range nationally.
Average rent in Medford is $1,380/month. With a price-to-rent ratio above 20, renting could be more economical in the short term — use our Rent vs Buy calculator to model your specific timeline.
Medford presents moderate affordability. The $395K median puts homeownership within reach for median-income households, though down payment savings and closing costs require planning.
Run a Rent vs Buy analysis
Compare total costs of renting vs buying in Medford.