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Medford, MN
Full City Profile · Minnesota · Steele County County
3.3
/5.0
B
Good
1,194
Population
1,003/sq mi density
$98,375
Median Income
$41,238 per capita
$234,300
Home Value
$302,836 Zillow
$1,036
Median Rent
19.9% income on rent
45°F
Avg Temperature
270 sunny days/yr
141
Violent Crime/100K
2,423 property/100K
B
Overall
3.3 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
4.6 / 5.0
$98,375 median income, 4.5% unemployment
A+
Affordability
5.0 / 5.0
$234,300 home value, $1,036/mo rent
F
Safety
1.0 / 5.0
141 violent crimes/100K
C+
Education
2.7 / 5.0
21.1% bachelor's degree or higher
Housing Overview
Median Home Value
$234,300
17% below
US avg: $281,900
Median Rent
$1,036/mo
11% below
US avg: $1,163/mo
Homeownership Rate
74.9%
15% above US avg (65.4%)
Total Housing Units
477
Median year built: 1979
Home Value by Source
Census Median
$234,300
Zillow (ZHVI)
$302,836
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
74.9%
Owner-Occupied
25.1%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$809/mo
1 Bedroom
$899/mo
2 Bedroom
$1,125/mo
3 Bedroom
$1,483/mo
4 Bedroom
$1,698/mo
Census median rent:
$1,036/mo
Affordability & Housing Stock
Rent Burden
19.9%
of renters spending 30%+ of income on housing
36% below US avg (31.0%)
Median Year Built
1979
Average age of housing stock: 47 years
Homeownership Rate
74.9%
Complete Housing Data
Home Values
| Census Median Value | $234,300 |
| Zillow Home Value (ZHVI) | $302,836 |
Rent
| Census Median Rent | $1,036 |
| FMR Studio | $809 |
| FMR 1-Bedroom | $899 |
| FMR 2-Bedroom | $1,125 |
| FMR 3-Bedroom | $1,483 |
| FMR 4-Bedroom | $1,698 |
Market
Ownership & Stock
| Owner-Occupied | 74.9% |
| Renter-Occupied | 25.1% |
| Homeownership Rate | 74.9% |
| Total Housing Units | 477 |
| Median Year Built | 1979 |
| Rent Burden | 19.9% |