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Foreclosure Homes in Medford, MA

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View this home at Highland Ave Medford MA 02155
Foreclosure
VIEW DETAILS
$741,632 EMV
Highland Ave
Medford, MA 02155
Single-Family
|
3 |
2
|
1,911
EST. RENT: $3,280
|
AUCTION: 03-28-2024
Single-Family
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3 |
2
|
1,911
5 View this home at Bower St Medford MA 02155
Preforeclosure
VIEW DETAILS
$807,900 EMV
Bower St
Medford, MA 02155
Multi-Family
|
4 |
2
|
2,323
EST. RENT: $2,500
|
AUCTION: 03-26-2024
Multi-Family
|
4 |
2
|
2,323
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Medford, MA Foreclosures

How much do homes sell for in Medford, MA?
The average home price is currently $826,286.
In Medford, MA, how many homes are available?
There are currently 15,513 active home listings available in Medford.
What’s the average rental cost in Medford, MA?
The average rental price in Medford is $2,492.
What is the most expensive home in Medford, Massachusetts?
The most expensive home sold in Medford had a price of $3,490,100.
What is currently the cheapest priced home in Medford, MA?
The cheapest home for sale in Medford is priced at $24,165.

Home Value Estimator For Medford, MA

There are currently 15,513 real estate properties in Medford, MA, with a median automated valuation model (AVM) price of $827,849.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Medford, MA, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Medford, MA, is $826,286.00, with the most expensive house in Medford, MA, topping out at $3,490,100.00 and the cheapest home in Medford, MA, clocking in at $24,165.00. In other words, there’s something for every potential homebuyer or savvy investor in Medford, MA!


Rent Prices In Medford, MA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Medford, MA, is on a rollercoaster ride. The average rent price in Medford, MA, is $2,492.00. Indeed, when looking to rent in Medford, MA, you can expect to pay as little as $1,600.00 or as much as $4,490.00, with the average rent median estimated to be $2,550.00. The good news is that finding an affordable and desirable property to rent in Medford, MA -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.


Top Reasons To Live In Medford, MA In 2024

Medford is located in Middlesex, Massachusetts, with an estimated municipal population of 57,341 residents. All of the best foreclosed homes for sale in Medford are located in the following zip code areas on Foreclosure.com: 02155 02153 02156. The estimated population per square kilometer (.62 miles) in Medford is 2,733.


Cost Of Living In Medford, MA

So, about how much do homes cost in Medford? The most recent median value of resident-owned homes in Medford is 502,360. An estimated 56.2 percent of households in Medford own their homes, with an average family size of 3. The median household income in Medford is 96,455, with48.8 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Medford, the median commute time of resident workers (in minutes) is 33. And last, but certainly not least, are you looking for homes to rent in Medford? If so, the average rent price paid by renters in Medford is 1,817, according to recent statistics.


Diversity And Demographics In Medford, Massachusetts

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Medford, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Medford is 35.3, split between 49 percent male versus 51 female. The percentage of residents who report being married in Medford is 43.1, with an average family size of 3.

The percentage of residents who report their race in Medford is as follows:

White 75.1%
Black / African American 9.2%
Asian 9.9%
American Indian / Alaskan Native 0.1%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 4.3%
Other 1.3%

Looking for family-friendly neighborhoods in and/or near Medford? Or maybe you are searching for 55+ active adult communities in and/or near Medford?

The percentage of residents who report their age in Medford is as follows:

Under 10 9.4%
Aged 10-19 8.5%
20s 21.4%
30s 16.9%
40s 10.6%
50s 12.8%
60s 10.6%
70s 5.4%
80+ 4.3%

Best Schools In Medford, Massachusetts

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Medford with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Medford.


Pros And Cons Of Living In Medford, Massachusetts

How do you know that living in -- or moving to -- Medford is right where you need to be? Perhaps you grew up in Medford or already live nearby; therefore, the decision to buy a home in Medford is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Medford for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Medford:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Medford.


Reasons To Move To Medford, Massachusetts, In 2024

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Medford can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Medford, meanwhile, can field multiple offers from more qualified buyers.

Medford, MA Foreclosures


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