Median Home PriceBETTER
$425,440.1
Median Rent
$1,713.31/mo
Price-to-Rent RatioBETTER
20.7
Property Tax RateTIE
0.97%
Price Change (1Y)
+0.1%
Price Change (5Y)
+0.7%
Break-Even YearsTIE
N/A
10-Year Wealth DifferenceBETTER
$333,500
Median Home Price
$437,106.46
Median RentBETTER
$1,651.85/mo
Price-to-Rent Ratio
22.1
Property Tax RateTIE
0.97%
Price Change (1Y)BETTER
+0.2%
Price Change (5Y)BETTER
+1.1%
Break-Even YearsTIE
N/A
10-Year Wealth Difference
$360,036
Key Differences
Home Prices
Medford's median home price of $425,440.1 is lower than Salem's $437,106.46 by 3%.
Monthly Rent
Renting in Medford costs $1,713.31/mo compared to $1,651.85/mo in Salem—a difference of $61.46/mo.
Buy vs Rent Verdict
Both cities currently favor renting.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.