Real Estate Investing in Medford, Oregon (97504)
Should you buy in 97504 (Medford, OR)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
What’s happening in Medford, OR (97504)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 97504 Medford
Not every below-median market is a bargain. Medford's 97504 ZIP clocks in at signals that favor experienced operators who can absorb the risk $448K pricing implies.
For an experienced owner, 97504 can be a a strong candidate for hunting ground — but the discount at $448K reflects genuine risk that outside investors often underestimate.
The gap between 97504 and stronger Medford ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Turning to rents, 50,471 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
Experienced landlords with local relationships tend to find 97504 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Medford:
Property Strategy for 97504
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $217,286 | $1,260 | 4.2% | +1.9% | $217,286 |
| 2BR | $311,121 | $1,570 | 3.6% | +3.9% | $155,560 |
| 3BR | $429,562 | $2,180 | 3.7% | +4.8% | $143,187 |
| 4BR | $561,495 | $2,580 | 3.3% | +5.1% | $140,374 |
| 5BR | $647,494 | — | — | +5.7% | $129,499 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 97504 Compare?
| Metric | 97504 | Medford | Medford, OR | Oregon |
|---|---|---|---|---|
| Home Value | $447,557 | $408,441 | N/A | $493,884 |
| 5-Year CAGR | 3.0% | 3.1% | N/A | 4.9% |
| Avg Rent | $1,949 | $1,811 | N/A | - |
| Cap Rate | 3.4% | 3.5% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 97504 (Medford, OR). Anonymous, moderated, never written by AI.
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Property managers serving Jackson County
Manage rentals here? List your business →Quality Property Management Company offers residential, commercial, and association management services, including affordable housing for older adults, in Medford, Oregon. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $447,557 |
| Monthly Rent | $1,949 |
| Price-to-Rent | 19.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.2% |
| Cap Rate | 3.4% |
| 5-Year IRR | 6.4% |
📈 Home Appreciation
| 1-Year | +2.2% ▲ |
| 3-Year CAGR | +1.5% ▲ |
| 5-Year CAGR | +3.0% ▲ |
| 10-Year CAGR | +5.2% ▲ |
🏠 Rent Trends
| 1-Year | +10.3% ▲ |
| 3-Year CAGR | +4.9% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.5%) exceeds the estimated cap rate (3.4%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 97504
Population: 50,471
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 97504
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 585 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How does Medford, OR stack up for property investment?
The 3.0/5 investability rating in Medford, OR reflects its $448K prices and $1,949/mo rents. Investors generally consider it a solid option within OR.
Do landlords face vacancy issues in Medford, OR?
Medford, OR vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
What do rentals go for in Medford, OR?
Medford, OR rentals go for roughly $1,949/mo a month. That puts gross yield in solid territory relative to $448K acquisition costs.
Is Medford, OR a good market for FHA house hackers?
The house hack math a challenging in Medford, OR. Owner-occupant buyers benefit from the $1,949/mo rents and $448K home values.
How landlord-friendly is Medford, OR?
OR law landlord-friendly for landlords, and Medford inherits those rules. Investors should still review local ordinances for rental licensing.
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Community Ratings
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