Rental market snapshot for Medford, Massachusetts

Medford, Massachusetts Rental Property Market Overview

The average rent for an apartment in Medford is $2,737. The cost of rent varies depending on several factors, including location, size, and quality.

The average rent has increased by 10.0% over the past year.

Medford is a city located in Middlesex County, Massachusetts, in the United States. As of the 2010 census, the city had a total population of 56,173. It is the home of Tufts University, which has its campus along the Medford and Somerville border.

Last Updated December 23, 2022

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Average monthly rent graph in Medford Massachusetts | Cost of Living

  • The most expensive ZIP Code in Medford is 02155 with an average price of $3,461
  • The cheapest ZIP Code in Medford is 02155 with an average price of $2,500

Medford ZIP Codes with the highest, most expensive rent

#zip codeaverage rent
102155$3,461

Live near Medford, Massachusetts's Top Sights and Attractions

Mystic Lakes is a chain of lakes located in Medford, Massachusetts. The lakes are connected by a series of canals and are a popular spot for fishing, boating, and swimming.

Mystic River Reservation is a large park with many hiking trails, a playground, a basketball court, and a picnic area. The park also has a river that runs through it, and there are often kayakers and canoeists paddling down the river.

Tufts Park is a large park located in the center of Medford. It is home to a variety of trees, shrubs, and flowers, as well as a large pond. The park also has a playground, picnic area, and a walking trail.

Anthony A Laconte Rink is a public ice skating rink located in Medford, Massachusetts. The rink is open to the public for ice skating and hockey.

Wright's Pond is a small body of water located in the city of Medford, Massachusetts. The pond is a popular spot for fishing, swimming, and picnicking. There is also a small playground located nearby.

Carr Park is a public park located in Medford, Massachusetts. The park is situated on a hill overlooking the city of Medford and features a playground, picnic area, and walking trails.

Magoun Park is a public park located in Medford, Massachusetts. The park features a playground, a basketball court, a picnic area, and a walking trail.

Dugger Park is a small, urban park located in the heart of the city. The park features a playground, a basketball court, and a picnic area. The park is surrounded by a residential neighborhood and is within walking distance of several schools.

Medford, Massachusetts area median rent change by ZIP Code map

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How does Medford compare to other cities in Massachusetts ?

citymedian price
Berlin$3,365
Lynn$2,445
Norwood$2,195
Stoughton$2,535
Brighton$2,600
Bedford$2,835
Cohasset$3,063
Cohasset$2,975
Chelsea$2,329

Average household income in Medford area graph - US Census

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The median household income in Medford in 2021 was $101,168. This represents a 40.4% change from 2011 when the median was $72,033.

#categorypercent
0Less than $10,0003.7%
1$10,000 to $14,9993.7%
2$15,000 to $19,9992.0%
3$20,000 to $24,9993.0%
4$25,000 to $29,9992.0%
5$30,000 to $34,9992.5%
6$35,000 to $39,9993.3%
7$40,000 to $44,9992.9%
8$45,000 to $49,9992.0%
9$50,000 to $59,9996.8%
10$60,000 to $74,9996.1%
11$75,000 to $99,99911.3%
12$100,000 to $124,99910.3%
13$125,000 to $149,99910.3%
14$150,000 to $199,99913.6%
15$200,000 or more16.4%

Frequently asked questions

Our data is best categorized as "alternative data", which is a burgeoning sector. Through partnerships and direct feeds, we extract key factual elements that are publicly available within rental listings on internet listing sites and property websites. Once aggregated, we mine through the data to parse out relevant insights and calculate important metrics, benchmarks, and other KPIs. Each week, our system sifts through millions of listing observations and other pockets of market information to deliver the most comprehensive picture of rental housing available.

This is a metric that we try not to overthink. Simply, we take each unique listing observation within a geographic boundary and calculate a simple average. Of course, we're careful to filter for duplicates and other listings that aren't reflective of the market.

Yes, but please attribute us accordingly.

Yes. We can deliver bulk raw data in various formats. Please contact us to discuss - [email protected]

While some of our data is refreshed daily and other data comes in weekly, the bulk of it comes in on a biweekly basis.

Our coverage is nationwide! In our platform, we have data points for every ZIP code and neighborhood boundary in the country.

Every rental housing unit is differentiated by attributes such as its location, square footage, and amenity composition. Thanks to machine learning and natural language processing technologies we deploy, we're able to deconstruct our rental listing data points and identify key amenities for each listing. With this information, we're able to give signals around how certain amenities drive rental pricing value in certain areas.

Well, we think so! At the highest level, our process is simple. Listings data is ingested, cleaned (de-duplicated. etc.), analyzed for insights, and then presented to our users.
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