Medford Oregon Residential Rent and Rental Statistics
The median monthly gross residential rent in Medford, OR (the Medford metro area) was $1,052 in 2019 according to the Census ACS survey.1 Average gross rent in Medford was $1,000 in 2019. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2020 Medford median and average rent data will be released in September of 2021.
Data is also available below for Medford rental vacancy rates, Medford rent as a percent of median income and the fraction of renters in Medford.
Real Gross Rent in Medford Oregon (2019 dollars)2
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US Median Gross Rent | $1,097 | +1.86% | +6.82% |
| Oregon Median Gross Rent | $1,185 | +3.04% | +11.48% |
| Medford, OR Median Gross Rent | $1,052 | +5.41% | +7.68% |
Medford, OR Real Gross Rent Trends
At $1,052, real median gross rent in Medford was at its highest level in 2019 since the series began in 2005. Average gross rent for Medford peaked in real terms in 2016 at $1,030 and is now $30 (2.91%) lower.
Real Gross Rent in Medford: Medford OR Median, Medford OR Average, Oregon Median, US Median
Real Gross Rent History for Medford
| Date | US Median |
Oregon Median |
Medford, OR Median |
Medford, OR Average |
|---|---|---|---|---|
| 2019 | $1,097 | $1,185 | $1,052 | $1,000 |
| 2018 | $1,077 | $1,150 | $998 | $999 |
| 2017 | $1,043 | $1,113 | $988 | $1,004 |
| 2016 | $1,027 | $1,063 | $977 | $1,030 |
| 2015 | $1,017 | $1,000 | $936 | $975 |
| 2014 | $986 | $976 | $934 | $1,016 |
| 2013 | $953 | $934 | $934 | $996 |
| 2012 | $940 | $917 | $896 | $920 |
| 2011 | $941 | $907 | $920 | $948 |
| 2010 | $955 | $912 | $914 | $990 |
| 2009 | $960 | $933 | $921 | $1,027 |
| 2007 | $927 | $873 | $911 | $973 |
| 2005 | $910 | $861 | $861 | $906 |
Medford Rental Vacancy Rate
The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2019 the rental vacancy rate for Medford Oregon was 3.28% according to Census ACS data.
Rental Vacancy Rate in Medford Oregon
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Oregon | 4.00% | -0.35% | +0.83% |
| Medford, OR | 3.28% | +0.03% | — |
Trends in Medford, OR Rental Vacancy Rate
The rental vacancy rate in Medford peaked in 2013 at 5.84%. Since then it has fallen by 2.56% to 3.28%. Data records for this series originated in 2005.
Rental Vacancy Rate: Medford OR, Oregon, US
Historical Rental Vacancy Rate data for Medford
| Date | US | Oregon | Medford, OR |
|---|---|---|---|
| 2019 | 5.97% | 4.00% | 3.28% |
| 2018 | 6.15% | 4.35% | 3.25% |
| 2017 | 6.18% | 3.80% | 1.64% |
| 2016 | 5.89% | 3.17% | — |
| 2015 | 5.85% | 3.64% | 2.09% |
| 2014 | 6.32% | 3.57% | 4.18% |
| 2013 | 6.49% | 4.45% | 5.84% |
| 2012 | 6.77% | 4.75% | 5.28% |
| 2011 | 7.40% | 5.06% | 3.95% |
| 2010 | 8.17% | 5.60% | 4.43% |
| 2009 | 8.43% | 6.30% | 2.57% |
| 2007 | 7.87% | 5.08% | 0.00% |
| 2005 | 7.74% | 6.39% | 4.35% |
Rent as a Fraction of Income
Using median household income data for Medford, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Medford, median monthly gross rent as a fraction of median household income was 22.36% in 2019 according to the ACS.
Medford Oregon Median Annual Rent as a Fraction of Median Household Income
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 20.03% | -0.47% | -0.40% |
| Oregon | 21.21% | -0.17% | +0.03% |
| Medford, OR | 22.36% | +1.57% | -0.69% |
Trends in Medford, OR Rent as a Fraction of Income
The fraction of median Medford household income required to pay median monthly gross rent peaked in 2011 (relative to the 2005 series origin) at 26.12%. Since then it has fallen by 3.76% to 22.36%.
Fraction of Income towards Rent: Medford OR, Oregon, US
Historical Data for Annual Rent as a Fraction of Income in Medford Oregon
| Date | US | Oregon | Medford, OR |
|---|---|---|---|
| 2019 | 20.03% | 21.21% | 22.36% |
| 2018 | 20.50% | 21.38% | 20.80% |
| 2017 | 20.13% | 21.50% | 22.36% |
| 2016 | 20.43% | 21.17% | 23.05% |
| 2015 | 20.63% | 20.90% | 24.08% |
| 2014 | 20.89% | 21.71% | 23.64% |
| 2013 | 20.78% | 21.18% | 24.55% |
| 2012 | 20.65% | 21.04% | 22.55% |
| 2011 | 20.70% | 21.53% | 26.12% |
| 2010 | 20.50% | 21.03% | 24.43% |
| 2009 | 20.12% | 20.28% | 21.08% |
| 2007 | 18.66% | 18.30% | 20.89% |
| 2005 | 18.89% | 19.25% | 20.07% |
Renter Fraction in Medford Oregon
You can calculate the renter fraction in Medford in at least two ways: by housing units or by population. I've gone with the housing units measure here. This measure looks at the number of renting households in Medford as a fraction of total Medford households. In 2019 37.02% of households were renters according to Census ACS data.
Medford Fraction of Renters by Household Units
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 35.89% | -0.16% | -0.99% |
| Oregon | 37.12% | -0.39% | -1.19% |
| Medford, OR | 37.02% | +3.07% | -0.45% |
Trends in the Medford, OR Renter Fraction
The Medford household renter fraction peaked in in 2011 at 42.07% and is now 5.05% below that level. From a recent low of 33.95% in 2018, the household based renter fraction has now grown by 3.07%. The origin year for the series is 2005.
Fraction of Renting Households: Medford OR, Oregon, US
History of Medford Renter Fraction
| Date | US | Oregon | Medford, OR |
|---|---|---|---|
| 2019 | 35.89% | 37.12% | 37.02% |
| 2018 | 36.05% | 37.51% | 33.95% |
| 2017 | 36.13% | 37.20% | 36.52% |
| 2016 | 36.88% | 38.31% | 37.47% |
| 2015 | 36.97% | 38.91% | 39.02% |
| 2014 | 36.90% | 39.28% | 37.83% |
| 2013 | 36.50% | 39.17% | 37.22% |
| 2012 | 36.09% | 38.44% | 35.20% |
| 2011 | 35.42% | 39.22% | 42.07% |
| 2010 | 34.65% | 37.45% | 36.25% |
| 2009 | 34.13% | 36.95% | 39.14% |
| 2007 | 32.80% | 35.41% | 37.14% |
| 2005 | 33.10% | 36.22% | 35.04% |
1. Gross rent is defined as contract rent plus the estimated average monthly cost of utilities (electricity, gas, water, and sewer) and fuel (oil, coal, kerosene, wood, etc.). Because some rentals include utilities and others don't, gross rent is a way of normalizing the variability. ↩
2. Real dollars are calculated using the CPI-U less shelter series. ↩
3. The rental vacancy rate is computed by dividing the number of vacant units for rent by the sum of the renter-occupied units, vacant units that are for rent, and vacant units that have been rented but not yet occupied. ↩
