Department of Numbers

Medford Oregon Residential Rent and Rental Statistics

The median monthly gross residential rent in Medford, OR (the Medford metro area) was $933 in 2016 according to the Census ACS survey.1 Average gross rent in Medford was $984 in 2016. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2017 Medford median and average rent data will be released in September of 2018.

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.

Show dollars as: Nominal Real

Real Gross Rent in Medford Oregon (2016 dollars)2

2016 1 Year Change 3 Year Change
US Median Gross Rent $981 +0.93% +7.80%
Oregon Median Gross Rent $1,015 +6.28% +13.79%
Medford, OR Median Gross Rent $933 +4.36% +4.60%

Medford, OR Real Gross Rent Trends

At $933, real median gross rent in Medford was at its highest level in 2016 since the series began in 2005. At $984, real average gross rent in Medford was at its highest level in 2016 since the series began in 2005.

Real Gross Rent in Medford: Medford OR Median, Medford OR Average, Oregon Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Medford

Date US
Median
Oregon
Median
Medford, OR
Median
Medford, OR
Average
2016 $981 $1,015 $933 $984
2015 $972 $955 $894 $931
2014 $942 $932 $892 $970
2013 $910 $892 $892 $951
2012 $898 $876 $855 $879
2011 $898 $866 $879 $906
2010 $912 $871 $873 $946
2009 $916 $891 $879 $981
2008 $932 $882 $908 $948
2007 $885 $834 $870 $929
2006 $895 $837 $860 $901
2005 $869 $823 $823 $866

Medford Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2015 the rental vacancy rate for Medford Oregon was 2.09% according to Census ACS data.

Rental Vacancy Rate in Medford Oregon

2016 1 Year Change 3 Year Change
US 5.89% +0.04% -0.60%
Oregon 3.17% -0.47% -1.28%
Medford, OR

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 3.75% to 2.09%. Data records for this series originated in 2005.

Rental Vacancy Rate: Medford OR, Oregon, US

Rental vacancy rate in Oregon

Historical Rental Vacancy Rate data for Medford

Date US Oregon Medford, OR
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%
2008 7.86% 5.71% 4.35%
2007 7.87% 5.08% 0.00%
2006 7.70% 5.57% 3.63%
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 23.05% in 2016 according to the ACS.

Medford Oregon Median Annual Rent as a Fraction of Median Household Income

2016 1 Year Change 3 Year Change
US 20.43% -0.20% -0.35%
Oregon 21.17% +0.27% -0.01%
Medford, OR 23.05% -1.03% -1.49%

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 3.07% to 23.05%.

Fraction of Income towards Rent: Medford OR, Oregon, US

Percent of median household income going towards median monthly gross rent in Medford Oregon

Historical Data for Annual Rent as a Fraction of Income in Medford Oregon

Date US Oregon Medford, OR
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%
2008 19.00% 18.66% 23.73%
2007 18.66% 18.30% 20.89%
2006 18.90% 18.53% 21.66%
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 2016 37.47% of households were renters according to Census ACS data.

Medford Fraction of Renters by Household Units

2016 1 Year Change 3 Year Change
US 36.88% -0.09% +0.38%
Oregon 38.31% -0.60% -0.86%
Medford, OR 37.47% -1.55% +0.25%

Trends in the Medford, OR Renter Fraction

The Medford household renter fraction peaked in in 2011 at 42.07% and is now 4.60% below that level. The origin year for the series is 2005.

Fraction of Renting Households: Medford OR, Oregon, US

Fraction of renters in Medford

History of Medford Renter Fraction

Date US Oregon Medford, OR
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%
2008 33.36% 35.66% 38.16%
2007 32.80% 35.41% 37.14%
2006 32.73% 35.22% 35.93%
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.