Rent to own Homes in Medford, OR
Located in southwest Oregon, 30 miles from the Californian border, Medford was named after the Massachusetts city by civil engineer David Long in 1883. Who needs New York when Medford has its very own Statue of Liberty? Yeah, okay, so it's a miniature, but what Medford lacks in size it makes up for in natural beauty - a day spent hiking at bordering Roxy Ann Peak will more than prove that.
Medford, OR is a great place for affordable rent-to-own homes! With a median household income of over $52,243 and a median rent of $1,052, the Medford, OR rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Medford, OR. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
More Medford, OR Property Resources
Rent to own Homes in Cities Near Medford, OR
Neighborhoods in Medford, OR
South Oakdale Historic District rent to own homes Liberty Park rent to own homes Downtown Medford Historic District rent to own homes Downtown Medford rent to own homes Mcloughlin rent to own homes Washington rent to own homes Southwest Medford rent to own homes Southeast Medford rent to own homes Rogue Valley rent to own homes West Main rent to own homesPopular Zip Codes in Medford, OR
97504 rent to own homesBuying a Home in Medford, OR
Medford, OR is seeing rapid growth and Medford, OR's' housing market remains not optimal with an average home price that is 28% above the 2024 national average. Medford, OR is part of Jackson county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county Jackson is 0.73% which is below the national average, which is 0.99%.
Median Home Price in Medford, OR
Median Rent in Medford, OR
Top Reasons to Live in Medford OR
Housing Statistics The proportion of rented and vacant properties is relatively high at 44% and 9% respectively - whether rent to own schemes will increase the proportion who own their homes (47%) remains to be seen. House sale figures for May-July 2013 paint a mixed picture - the number of sales has gone down from the same period last year by 11% to 362, but the median sales price has gone up 16% to $185,000. Meanwhile the residential turnover rate remains steady at 18%.
Local Events and Festivals The Antique and Collectible show comes to Medford every March, attracting collectors and antique dealers from around the region as well as curious locals. The Rogue River Valley Wine and Food Festival is another annual event that takes place at the Medford Armory. The highlight of the two-day April event is a festival dinner that matches regional wines with local foods. As good as these events are, it's the Pear Blossom Parade and Festival that Medford's community really looks forward to. Held in April the parade itself attracts around 30,000 spectators, while a mixed program of events ensures spirits are kept high throughout the entire weekend.
Local Shopping The Rogue Valley Mall is the top destination for shopping in Medford with a number of large national department stores providing the backbone of a diverse shopping center. As usual women's apparel is well catered for, but there are also a number of jewelery, houseware and sport stores to keep you browsing. Discount shopping is available at the Medford Outlet Center, which has over 30 stores selling everything from toys to toasters. Meanwhile the Main Antique Mall houses 200 dealers selling everything from furniture to art and pottery.
Arts and Culture The Southern Oregon Historical Society, which is based in Medford, has a number of ways to help locals and visitors discover the region's past. Henley Farm in nearby Central Point was established in the mid 19th century and offers a look at how settlers would have made the area their home and the importance of agriculture to the growth of Rogue Valley. The Research Library and Archives on Central Avenue has a large collection of artifacts that bring the history of the city and surrounding area to life.
Local Restaurants When you've got access to great food being hungry can be quite a treat - so where are the best restaurants in Medford for an empty stomach? Sushi lovers are spoiled for choice with almost a dozen good places to grab a California roll - Shinsei Sushi on Rossanley Drive is one of the better restaurants. Not a fan of raw fish? Not a problem. Bambu serves delicious Thai food, Si Casa Flores is first choice for Mexican, and the Texas Roadhouse is a great American Steakhouse.