Medford First-Time Homebuyer Report for October

Medford is a city that is growing faster than others in Massachusetts at a 10-year growth rate of 0.6%. It also has a larger than average population of 56,173 people. With a median age of 75 years, homes in Medford tend to be older than most. The best schools in the city are John J McGlynn Elementary School, Madeleine Dugger Andrews, and Medford Voc Tech High School.

Culture

If you're into the outdoors, great attractions in Medford include Medford Square and Middlesex Fells, according to Foursquare. For arts and entertainment, you'll find Chevalier Theater. Lastly, Tenoch Mexican Taqueria, Salvatore's Restaurant, and Blue Fuji are well-known places to eat.

Price Range

The median value of homes in Medford is $324,800, making it one of the most valuable areas in Massachusetts. At the same time, the average list price of available homes is presently $546,479. The Medford market slowed this week but remained above average levels as sales fell to 62 homes sold over the last 30 days.

Out of all the listings in Medford, these have been viewed the most. So be sure to see what all the fuss is about with these fabulous homes.

$349K   $379K   $899K  

Typical Dwelling

A three-bedroom detached home valued around $524,075 is considered a typical dwelling in Medford. If a buyer was looking for a similar home, they would need good credit and a $104,815 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $2,591 and the property tax rate is $11.70 per $1,000 of taxable assessed value.

Get started right now by checking out Medford homes for sale or reviewing Medford real estate trends.


Data reported through 10/13/2016

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