Area Insights of 97504, Medford, OR

Stay ahead with market trends and local insights that matter.

Demand Insights

The market remains active with a price ratio of 4%, indicating a strong buyer interest. A total of 19 homes were sold with 5 properties undergoing price cuts. Leverage these insights to assess market conditions and plan your next move.

Location

97504, Medford, OR

Date

05-23-2024

Price Ratio

96%

Schools

Choosing the right school is crucial for your child's education. Compare ratings, distance, and academic offerings across elementary, middle and high schools to make a well-informed decision.

Elementary School

Medford Montessori School

PK to 6

Middle School

Oakdale Middle School

6 to 8

Hedrick Middle School

6 to 8

Ratings

B-

High School

Central Medford High School

9 to 12

Ratings

D

North Medford High School

9 to 12

Ratings

B-

Climate

Weather plays a crucial role in real estate decisions. Consider environmental factors like flood risks, wildfire hazards, extreme heat, and other climate conditions for a well-informed choice.

Weather Indices
Scaled to National average of 100 for each category.
Temperature

Demographics

Population dynamics, income levels, and employment patterns are key indicators of real estate demand and future growth. Use these insights to make well-informed decisions.

Population

With a steadily growing population, the area offers a vibrant community atmosphere. Current data indicates a population increase of 11% since 2010, reflecting rising demand for housing and local amenities. This trend highlights the area's potential for continued development and long-term residential appeal.

Population (50,124)
24,676 Male
25,448 Female
Education
22% High School
10% Associate
24% Bachelor
14% Graduate
Age

Average Age is 43 Years

Household Details

The area's household landscape is diverse, with 63% owner-occupied homes and 37% renter-occupied properties. Family households represent 65% of the population, indicating a strong community focus on family living. The average home value stands at $499,414, which suggests ample demand for multi-bedroom properties.

Total Households
21,200
Average home value
$499,414
Owned
63%
Rented
37%
Vacant
5%
Families
65%
Married
51%
With children
30%

Racial Diversity

The area's community showcases a dynamic blend of cultures, contributing to a rich and inclusive environment. Demographic data highlights a diverse composition, with 4% Asian, 1% Black, and 1% Native residents, alongside 78% White and 12% Hispanic/Other populations. This multicultural landscape offers residents a vibrant and culturally enriched living experience.

Income

The area reflects a well-distributed income pattern with approximately 32% of households earning over $100,000 annually, while 31% fall within the $50,000 to $100,000 range. The median income stands at $75,000, signalling a financially stable community with growth potential.

Employment

The area has a diverse workforce with employment spanning across sectors like technology, healthcare, education, and retail. Below is the percentage of residents employed across various industries, highlighting the region's balanced and dynamic economic landscape.

% of People are working in various industries.

Arts
2%
Healthcare
23%
Professional
4%
Education
7%
Services
23%
Labor
15%
Retail
15%
Other
10%
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