Home prices
Medford's median home value is $162,200. This is approximately $21,220 (15%) higher in comparison to the surrounding areas.In comparison to the United States as a whole it is roughly $55,300 (25%) lower, and it is roughly $89,400 (35%) lower compared to the city of Minneapolis.
Rents
The median rent in Medford is $700 a month. It is about $83 (10%) lower compared to the surrounding areas.In comparison to the rest of the country it is roughly $362 (34%) lower, and in comparison to the city of Minneapolis it is about $327 (31%) lower.
Nearby places
Owatonna
Owatonna is roughly 4 miles south from Medford. The housing prices there are pretty similar. The price of the median home in Owatonna is $166,600, which is $4,400 (2%) higher than Medford. Rents there are a little more expensive. The median monthly rent in Owatonna is $773, which works out to $73 (9%) higher than Medford.
Faribault
Faribault is roughly 8 miles north of Medford. Its housing prices are somewhat less expensive. The median home in Faribault costs $153,500, which comes out to $8,700 (5%) lower than Medford. Rents there are a little more expensive. The median rent in Faribault is $822 a month, which is $122 (14%) higher than Medford.
Morristown
Morristown is approximately 9 miles northwest of Medford. Housing prices there are a bit less expensive. The median home in Morristown is valued at $132,500, which works out to $29,700 (22%) lower than Medford. Rents there are a little more expensive. Morristown's median rent is $975 per month, which is $275 (28%) higher than Medford.
Waseca
Waseca is about 12 miles southwest from Medford. Its real estate prices are a bit less expensive. The cost of the median home in Waseca is $127,300, which comes out to $34,900 (27%) lower than Medford. Rents there are a little less expensive. The median monthly rent in Waseca is $654, which works out to $46 (7%) lower than Medford.
Kenyon
Kenyon is approximately 12 miles northeast of Medford. The housing prices there are somewhat less expensive. The median home price in Kenyon is $125,000, which is $37,200 (29%) lower than Medford. Its rents are similar. Kenyon's median monthly rent is $689, which is $11 (1%) lower than Medford.
