Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 37.1 yrs |
|---|---|
| Avg HH Size | 2.82 |
| Below Poverty | 6.2% ▼ 39% below avg |
| College Grads | 35.0% ▼ 10% below avg |
| Unemployment | 4.2% ▼ 15% below avg |
| No HS Diploma | 48 (3.2%) |
| HS Graduate | 538 (35.6%) |
| Some College | 164 (10.8%) |
| Associates | 233 (15.4%) |
| Bachelors | 180 (11.9%) |
| Graduate Degree | 349 (23.1%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $90,700 ▲ 19% above avg |
|---|---|
| Median Home Value | $233,100 ▼ 16% below avg |
| Home/Income Ratio | 2.6x (nat avg ~3.5x) |
| Median Rent | $1,250/mo |
| Total Housing Units | 989 |
| Vacant Units | 63 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Medford is a city in Minnesota, located in Steele County. The city spans 1 ZIP code and is home to approximately 2,634 residents. It is a relatively young city, with a median age of 37.1 years.
Economically, Medford is a middle-income community. The median household income of $90,700 is above the national average. Approximately 6.2% of residents live below the poverty line. The unemployment rate is 4.2%, near the national average.
The real estate market in Medford is an affordable housing market. Median home values stand at $233,100, which is below the national average. Renters typically pay around $1,250 per month. Homeownership is high at 84.1%, typical of suburban and family-oriented communities.
The population of Medford is moderately educated. 35.0% of adults hold a bachelor's degree or higher — near the national average. The community is primarily White (76.27%).
Medford, MN offers residents above-average earning potential within Minnesota.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 55049 | 2,634 | $90,700 | $233,100 | $1,250 | 4.2% | 35.0% | 84.1% |