How much house does $500,000 buy you in Medford?
Back in 2014, spending $500,000 on a house was generally reserved for high earners. The typical U.S. home sold for $159,000, while starter homes averaged just $101,000. Fast-forward to today, and prices have more than doubled: A standard home now sells for $440,000, with starter homes approaching $300,000.
These current prices have put homeownership out of reach for many – and things don't look to be improving. Prices are still rising, affordability keeps dropping, and starter homes are becoming harder to find as home values climb. This has created a very sluggish and difficult housing market. In fact, even the usual busy spring and summer buying seasons were unusually slow this year.
While $500,000 once stretched much further, in many cities today, it's not nearly enough. But what about Medford?
To find out, Redfin Real Estate found listings near the $500,000 mark to see what types of homes you can actually afford in Medford right now. Listings below $500,000 were included if necessary.
2108 Table Rock Rd, Medford, OR 97501
- Price: $500,000
- 8 bedrooms, 3 bathrooms
- Square feet: 2,722
- See 2108 Table Rock Rd, Medford, OR 97501 on Redfin.com
1285 Stonegate Dr, Eagle Point, OR 97524
- Price: $499,960
- 4 bedrooms, 3.5 bathrooms
- Square feet: 1,930
- See 1285 Stonegate Dr, Eagle Point, OR 97524 on Redfin.com
605 W 4Th St, Phoenix, OR 97535
- Price: $499,900
- 4 bedrooms, 3 bathrooms
- Square feet: 2,638
- See 605 W 4Th St, Phoenix, OR 97535 on Redfin.com
164 Black Oak Dr, Medford, OR 97504
- Price: $499,000
- 4 bedrooms, 3 bathrooms
- Square feet: 2,603
- See 164 Black Oak Dr, Medford, OR 97504 on Redfin.com
923 Jasper St, Medford, OR 97501
- Price: $500,000
- 4 bedrooms, 2.5 bathrooms
- Square feet: 2,734
- See 923 Jasper St, Medford, OR 97501 on Redfin.com
753 Siskiyou Blvd, Ashland, OR 97520
- Price: $500,000
- 4 bedrooms, 1 bathroom
- Square feet: 1,380
- See 753 Siskiyou Blvd, Ashland, OR 97520 on Redfin.com
4670 Hillcrest Rd, Medford, OR 97504
- Price: $499,000
- 3 bedrooms, 2.5 bathrooms
- Square feet: 2,468
- See 4670 Hillcrest Rd, Medford, OR 97504 on Redfin.com
562 N Heights Dr, Eagle Point, OR 97524
- Price: $499,900
- 3 bedrooms, 2.5 bathrooms
- Square feet: 2,124
- See 562 N Heights Dr, Eagle Point, OR 97524 on Redfin.com
115 Valemont Dr, Eagle Point, OR 97524
- Price: $489,960
- 3 bedrooms, 2.5 bathrooms
- Square feet: 2,038
- See 115 Valemont Dr, Eagle Point, OR 97524 on Redfin.com
626 Griffin Oaks Dr, Central Point, OR 97502
- Price: $499,000
- 3 bedrooms, 2.5 bathrooms
- Square feet: 1,937
- See 626 Griffin Oaks Dr, Central Point, OR 97502 on Redfin.com
769 Mather Rd, Prospect, OR 97536
- Price: $499,500
- 3 bedrooms, 2.5 bathrooms
- Square feet: 1,615
- See 769 Mather Rd, Prospect, OR 97536 on Redfin.com
1896 Canyon Ave, Medford, OR 97504
- Price: $499,000
- 3 bedrooms, 2 bathrooms
- Square feet: 2,262
- See 1896 Canyon Ave, Medford, OR 97504 on Redfin.com
11501 Upper Applegate Rd, Jacksonville, OR 97530
- Price: $498,000
- 3 bedrooms, 2 bathrooms
- Square feet: 2,160
- See 11501 Upper Applegate Rd, Jacksonville, OR 97530 on Redfin.com
2350 Galls Creek Rd, Gold Hill, OR 97525
- Price: $499,000
- 3 bedrooms, 2 bathrooms
- Square feet: 2,008
- See 2350 Galls Creek Rd, Gold Hill, OR 97525 on Redfin.com
713 Eastridge Dr, Medford, OR 97504
- Price: $499,900
- 3 bedrooms, 2 bathrooms
- Square feet: 1,949
- See 713 Eastridge Dr, Medford, OR 97504 on Redfin.com
218 Cambridge Ter, Eagle Point, OR 97524
- Price: $499,900
- 3 bedrooms, 2 bathrooms
- Square feet: 1,910
- See 218 Cambridge Ter, Eagle Point, OR 97524 on Redfin.com
1374 Linn Rd, Eagle Point, OR 97524
- Price: $499,500
- 3 bedrooms, 2 bathrooms
- Square feet: 1,874
- See 1374 Linn Rd, Eagle Point, OR 97524 on Redfin.com
433 Highland Dr, Medford, OR 97504
- Price: $499,000
- 3 bedrooms, 2 bathrooms
- Square feet: 1,830
- See 433 Highland Dr, Medford, OR 97504 on Redfin.com
1869 Canyon Ave, Medford, OR 97504
- Price: $499,000
- 3 bedrooms, 2 bathrooms
- Square feet: 1,766
- See 1869 Canyon Ave, Medford, OR 97504 on Redfin.com
700 Neil Creek Rd, Ashland, OR 97520
- Price: $499,900
- 3 bedrooms, 2 bathrooms
- Square feet: 1,759
- See 700 Neil Creek Rd, Ashland, OR 97520 on Redfin.com
1179 N Main St, Ashland, OR 97520
- Price: $499,000
- 3 bedrooms, 2 bathrooms
- Square feet: 1,740
- See 1179 N Main St, Ashland, OR 97520 on Redfin.com
133 Valemont Dr, Eagle Point, OR 97524
- Price: $499,960
- 3 bedrooms, 2 bathrooms
- Square feet: 1,657
- See 133 Valemont Dr, Eagle Point, OR 97524 on Redfin.com
202 White Oak Way, Shady Cove, OR 97539
- Price: $499,000
- 3 bedrooms, 2 bathrooms
- Square feet: 1,644
- See 202 White Oak Way, Shady Cove, OR 97539 on Redfin.com
426 Bridge Creek Dr, Central Point, OR 97502
- Price: $499,000
- 3 bedrooms, 2 bathrooms
- Square feet: 1,616
- See 426 Bridge Creek Dr, Central Point, OR 97502 on Redfin.com
3747 Ford Dr, Medford, OR 97504
- Price: $497,000
- 3 bedrooms, 2 bathrooms
- Square feet: 1,559
- See 3747 Ford Dr, Medford, OR 97504 on Redfin.com
595 Elizabeth Ave, Ashland, OR 97520
- Price: $499,000
- 3 bedrooms, 2 bathrooms
- Square feet: 1,451
- See 595 Elizabeth Ave, Ashland, OR 97520 on Redfin.com
405 Wrights Creek Dr, Ashland, OR 97520
- Price: $499,900
- 3 bedrooms, 2 bathrooms
- Square feet: 1,364
- See 405 Wrights Creek Dr, Ashland, OR 97520 on Redfin.com
1966 Dale St, Medford, OR 97501
- Price: $490,000
- 3 bedrooms, 2 bathrooms
- Square feet: 1,220
- See 1966 Dale St, Medford, OR 97501 on Redfin.com
551 Grandview Dr, Ashland, OR 97520
- Price: $495,000
- 3 bedrooms, 1 bathroom
- Square feet: 1,372
- See 551 Grandview Dr, Ashland, OR 97520 on Redfin.com
166 Nob Hill St, Ashland, OR 97520
- Price: $495,000
- 2 bedrooms, 2 bathrooms
- Square feet: 1,827
- See 166 Nob Hill St, Ashland, OR 97520 on Redfin.com
