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Medford city, MN

ZIP 55049 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 55049

Median Home Value
$233,100
Median Rent
$865
Affordability Snapshot
$64,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,497/mo PITI).

11%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

2.6x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

22.5 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 55049 in Medford city, MN, a household would need roughly $64,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,497. That sits below the local median household income ($90,700), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
84.1%+29% vs US avg
x
Vacancy Rate
6.4%-38% vs US avg
x
Broadband Access
90.8%+4% vs US avg
x
4+ Bedrooms
7.1%-52% vs US avg
x
Built Pre-1939
3.6%-72% vs US avg
x
Built Post-2014
0.3%-96% vs US avg
x
Rent Burden >30%
13.6%-73% vs US avg
x
Mortgage-Free
38.0%-1% vs US avg
x
$233,100
Home Value
$865
Rent
1990
Year Built
2012
Moved In

Residents have lived here since ~2012 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached70.2%
  • 1-unit attached1.0%
  • 2-9 units1.9%
  • 10+ units4.4%
  • Mobile home & other22.4%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$233,100
Median rent$865
Owner-occupied84.1%
Vacant6.4%
Price-to-income2.6x
Est. income to buy$64,000