Rental market snapshot for Medford, Massachusetts

Medford, Massachusetts Rental Property Market Overview

Medford, Massachusetts is a city located in Middlesex County, just north of Boston. As of 2021, the US Census estimates the population of Medford to be 62,098. Medford is a vibrant city with a rich history, boasting a variety of attractions and activities for residents and visitors alike. The city is home to a number of parks, museums, and historic sites, as well as a variety of restaurants, shops, and entertainment venues. With its convenient location and diverse offerings, Medford is an ideal place to live and visit. (Source: US Census, 2021)

The average rent for an apartment in Medford is $3,717. The cost of rent varies depending on several factors, including location, size, and quality.

The average rent has decreased by 0.00% over the past year.

Last Updated March 25, 2024

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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 $3,395.
  • The cheapest ZIP code in Medford is 02155 with an average price of $3,395.

Medford ZIP codes with the highest, most expensive rent

#ZIP CodeAverage Rent
102155$3,395

Live near Medford, Massachusetts's Top Sights and Attractions

Mystic Lakes is a scenic spot located in the suburbs of Massachusetts. It is a popular destination for outdoor activities such as fishing, boating, and swimming. The lake is surrounded by lush green trees and rolling hills, making it a great spot for a peaceful picnic or a leisurely stroll. Visitors can also take advantage of the nearby hiking trails, which offer stunning views of the lake and its surrounding area.

Mystic River Reservation is a beautiful natural area located just outside of Boston. It features a scenic river with plenty of opportunities for fishing, kayaking, and canoeing. There are also plenty of trails for walking, running, and biking, as well as picnic areas and playgrounds. The reservation is also home to a variety of wildlife, including birds, deer, and other animals. It's a great place to spend the day outdoors and enjoy the beauty of nature.

Tufts Park is a large, lush green space located in the heart of the city. It features a large pond, walking trails, and plenty of open grassy areas for picnicking and relaxing. There are also several playgrounds, a basketball court, and a skate park. The park is a popular spot for locals to come and enjoy the outdoors, and it is also home to a variety of wildlife.

Anthony A Laconte Rink is an indoor ice skating rink located in a suburban area. It features a large ice rink, a snack bar, and a pro shop. The rink is open year-round and offers public skating, figure skating, and hockey programs. It also hosts birthday parties and other special events. The rink is well-maintained and has a friendly and welcoming atmosphere.

Wright's Pond is a tranquil spot located in a residential area of Medford. It is a small, man-made pond surrounded by lush trees and vegetation. Visitors can take a leisurely stroll around the pond, or take a break and relax on the benches and picnic tables scattered around the area. The pond is home to a variety of wildlife, including ducks, geese, and turtles. Fishing is also allowed in the pond, and it is a popular spot for local anglers.

Carr Park is a large, open green space located in a residential area. It features a playground, basketball court, baseball diamond, and plenty of open grassy areas for picnicking and running around. There are also several walking trails that wind through the park, as well as a pond with a dock for fishing. The park is a popular spot for families and friends to gather and enjoy the outdoors.

Magoun Park is a large public park located in a residential area. It features a playground, a basketball court, a baseball field, and a large open grassy area. There are also several walking paths and benches throughout the park, making it a great place to relax and enjoy the outdoors. The park also has a pond with a fountain, which is a popular spot for bird watching.

Dugger Park is a popular outdoor recreation area located in a scenic wooded area. It features a large playground, a picnic area, a walking path, and a pond. There are also several sports fields, including a baseball diamond, basketball court, and a soccer field. The park is well-maintained and offers a peaceful atmosphere for visitors to enjoy.

Columbus Park is a beautiful outdoor space located in Medford, Massachusetts. It features a large pond, walking trails, and plenty of open green space. The park is home to a variety of wildlife, including ducks, geese, and other birds. There are also several picnic tables and benches scattered throughout the park, making it a great spot for a family outing. The park also features a playground, basketball court, and a gazebo, making it a great place to relax and enjoy the outdoors.

Brooks Playstead is an outdoor playground located in a scenic park. It features a variety of play structures, including a large wooden castle, a pirate ship, a train, and a treehouse. There are also swings, slides, and a sandbox. The playground is surrounded by lush green grass and trees, providing a peaceful and natural setting for children to explore and play.

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
Easton$3,503
Dedham$2,916
Rowley$2,800
Westborough$2,780
Lexington$2,731
Northborough$2,600
Quincy$2,429
Auburn$2,250
Acton$2,205

Average household income in Medford area graph - US Census

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The median household income in Medford in 2021 was $107,853. This represents a 48.2% change from 2011 when the median was $72,773.

#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%

Neighborhoods in Medford

We currently do not have this data but we are working to add this soon.

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.

As of February , the average rent in Medford is $3,717.
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