What is the median home value in Medford Township, MN?
The median value of owner-occupied homes in Medford Township, MN is $57,700 (±$14,999), as owners estimated it in the Census Bureau’s 2020–2024 American Community Survey.
Figures last updated on .
- Median home value
- $57,700 (±$14,999)
- Owner-occupied homes
- 311 (±53)
- Most common range
- Less than $50,000
Home values in Medford Township
| Value | Medford Township | Steele County | Minnesota | United States |
|---|---|---|---|---|
| Less than $50,000 | 46.3% (±10.1 points) | 5.4% | 4.0% | 5.3% |
| $50,000 to $99,999 | 17.7% (±9.4 points) | 3.5% | 3.7% | 6.1% |
| $100,000 to $149,999 | 0.0% (±7.0 points) | 7.9% | 5.2% | 6.8% |
| $150,000 to $199,999 | 0.3% (±1.1 points) | 16.8% | 8.1% | 9.0% |
| $200,000 to $299,999 | 7.7% (±4.1 points) | 32.4% | 22.6% | 17.8% |
| $300,000 to $499,999 | 15.1% (±6.8 points) | 26.9% | 36.9% | 26.9% |
| $500,000 to $999,999 | 10.0% (±4.7 points) | 6.4% | 17.0% | 20.9% |
| $1,000,000 or more | 2.9% (±2.5 points) | 0.8% | 2.6% | 7.1% |
The most common range is Less than $50,000, 46.3% of owned homes.
Value is the owner’s own estimate of what the home and lot would sell for, not a sale price or an assessment.
Medford Township against Steele County, its state and the nation
| Medford Township | Steele County | Minnesota | United States | |
|---|---|---|---|---|
| Median home value | $57,700 (±$14,999) | $245,400 (±$8,328) | $329,300 (±$903) | $332,700 |
| Owner-occupied homes | 311 (±53) | 12,020 (±263) | 1,666,687 (±7,556) | 84,210,142 |
In Medford Township, the median home value is lower than in Steele County ($245,400).
It is also lower than in Minnesota ($329,300).
It is lower than the national figure ($332,700).
In Steele County, Medford Township ranks 17 of 17 places with a published estimate, from highest to lowest median home value.
Statewide, it ranks 2539 of 2,558.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How home values in Medford Township have changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median owner cost with a mortgage | $1,219 (±$186) | $1,469 (±$258) | +20.5% | No measurable change after inflation |
| Median real estate taxes | $922 (±$748) | $687 (±$128) | −25.5% | No measurable change after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median home value in places near Medford Township
| Place | Distance | Median home value | Compared with this place |
|---|---|---|---|
| Medford Township | — | $57,700 (±$14,999) | — |
| Medford | 1.3 mi | $249,600 (±$18,456) | Higher |
| Clinton Falls Township | 2.9 mi | $394,400 (±$47,197) | Higher |
| Walcott Township | 4.1 mi | $406,500 (±$39,337) | Higher |
| Owatonna | 5.8 mi | $245,200 (±$10,754) | Higher |
| Deerfield Township (Steele County) | 5.9 mi | $350,000 (±$60,579) | Higher |
| Merton Township | 7.1 mi | $356,000 (±$50,398) | Higher |
| Warsaw Township (Rice County) | 7.4 mi | $387,600 (±$31,501) | Higher |
| Richland Township | 7.5 mi | $343,100 (±$33,542) | Higher |
Nearby places with a measurably higher figure: Medford, MN ($249,600), Clinton Falls Township, MN ($394,400), Walcott Township, MN ($406,500).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median home value across Steele County, place by place
| Rank | Place | Median home value |
|---|---|---|
| 11 | Lemond Township | $263,200 (±$28,506) |
| 12 | Meriden Township | $258,300 (±$41,850) |
| 13 | Medford | $249,600 (±$18,456) |
| 14 | Owatonna | $245,200 (±$10,754) |
| 15 | Blooming Prairie | $161,300 (±$20,300) |
| 16 | Ellendale | $155,200 (±$13,021) |
| 17 | Medford Township | $57,700 (±$14,999) |
Showing 7 of 17 places in Steele County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Medford Township
What is the average home value in Medford Township, MN?
The Census Bureau publishes the median: $57,700 (±$14,999) for owner-occupied homes in Medford Township (2020–2024 American Community Survey).
Is this what homes in Medford Township sell for?
No: it is the value owners reported, which tends to lag the market; recent sale prices and an appraisal answer that question.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Medford township, Steele County, Minnesota
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Medford township, Steele County, Minnesota
- Median Selected Monthly Owner Costs (B25088), 2015–2019 ACS 5-year estimates — Medford township, Steele County, Minnesota
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2015–2019 ACS 5-year estimates — Medford township, Steele County, Minnesota
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Medford township, Steele County, Minnesota (county subdivision:41444, in state:27 county:147).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B25077_001E, B25077_001M, B25088_002E, B25088_002M, B25103_001E, B25103_001M from the 2019 release.
The API needs a free key.
DP04_0089E, DP04_0089M, DP04_0046E, DP04_0046M, DP04_0081PE, DP04_0081PM, DP04_0082PE, DP04_0082PM, DP04_0083PE, DP04_0083PM, DP04_0084PE, DP04_0084PM, DP04_0085PE, DP04_0085PM, DP04_0086PE, DP04_0086PM, DP04_0087PE, DP04_0087PM, DP04_0088PE, DP04_0088PM
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
- Housing in Medford Township at a glance
- Income and affordability in Medford Township
- Homeowner costs in Medford Township
- Property taxes in Medford Township
- Types of homes in Medford Township
- Age of homes in Medford Township
- Heating fuel in Medford Township
- Commute and cars in Medford Township
- How long people stay in Medford Township
- Minnesota landlord and tenant rules
- Housing across Steele County
- Minnesota places ranked by median home value
- Housing data for every place in Minnesota