Medford MA Average Property NOI

Based on the most recent MLS data, Medford real estate may be one of the best opportunities for property investors in the Boston area. Both rental and sales demand have increased in Medford over the past 5 years as housing costs have soared all over the metro area. Given its close proximity to Boston and easy access to Downtown, it has been one of the suburbs that thrived throughout the pandemic.

Now average rent prices for apartments in Medford are on the rise as are real estate prices, but it remains among the more affordable real estate markets in metro Boston. In some cases, it’s even more expensive monthly to rent an apartment in Medford than it is to buy a home. Medford’s median single family home price ($756K) and the median condo price ($620K) are still below Boston’s median ($784K and $698K respectively) , and have been rapidly increasing in recent years.