What is the population of Medford city?

Medford city has 1,194 residents on Census ACS 2019-2023 ACS 5-year estimates, ranking #334 of 914 in Minnesota.

What is the median household income in Medford city?

Median household income in Medford city is $98,375 a year, 25.3% above the national figure of $78,538.

How much does it cost to rent or buy in Medford city?

Median gross rent is $1,036 a month and the median home value is $234,300, so rent absorbs about 12.6% of median household income.

Is Medford city affordable compared with the rest of the US?

Homes cost about 2.4× the local median income here versus roughly 3.9× nationally, so Medford city is more affordable to buy in than the typical US market, and rent takes 12.6% of median income against the 30% cost-burden line.

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Minnesota · Census place 41426

Medford, MN population, income and ZIP codes

Quick answer

The population of the city of Medford, Minnesota (Medford, MN — Census place “Medford city”) is 1,194 residents, ranking #334 of 914 places in Minnesota. Median household income is $98,375, the median home is worth $234,300 and median gross rent runs $1,036 a month. Looking for the Medford Minnesota ZIP code list? 1 ZIP codes serve Medford, MN: 55049.

Population: 1,194Medford city residents
Median household income: $98,375Past 12 months, inflation adjusted
Median home value: $234,300Owner-occupied units
Median gross rent: $1,036Rent plus utilities, monthly
Median age: 38.2 yrsAll residents
Homeownership rate: 74.9%Owner-occupied households

Medford ZIP codes (Minnesota)

Census ZCTAs whose delivery area overlaps Medford.

The Medford MN ZIP code list below covers 1 ZIP code. Open any one for its population, income, housing and rent profile.

55049

What the numbers mean in Medford city

Housing cost measured against local earnings.

A household earning the Medford city median would spend about 12.6% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 2.4× the median household income; nationally that ratio sits near 4.5×. Poverty affects 2.9% of residents and 74.9% of households own their home.

Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year

Medford city, MN in context

How this area compares with national benchmarks.

Medford city is a small town in Minnesota, with 1,194 residents counted in the Census American Community Survey 2019-2023 ACS 5-year estimates, which places it #334 of 914 ranked by population — larger than 63% of them. The median age here is 38.2 years against 39.1 nationally, a slightly younger profile than the country as a whole. At this population the ACS sample is small, so the margin of error around every dollar figure below is wide — treat the numbers as a band, not a point, and expect them to move between annual releases without the place itself changing.

Households in Medford city earn a median of $98,375 a year, 25.3% above the national figure of $78,538 and 30% above the $75,469 median for the 361 Minnesota cities we cover. The median is the midpoint household, not an average, so a handful of very high earners cannot drag it upward the way they distort a mean. Poverty reaches 2.9% of residents here, less than half the 12.4% national rate.

The typical owner-occupied home in Medford city is valued at $234,300, 22.8% below the national figure and 3% below the $240,400 peer median, while median gross rent runs $1,036 a month, 26.3% below the national figure, or roughly $12,432 across a full year. A household on the local median income would put about 12.6% of gross pay toward that rent against the federal 30% cost-burden threshold, so renting here is cheap relative to what people here earn. The home-price-to-income ratio works out to 2.4×, against roughly 3.9× nationally, so purchase prices are unusually low against local pay, the pattern in places where supply is plentiful and wage growth has been flat. 74.9% of occupied homes are owner-occupied versus 65% nationally, so the market leans toward owners. The rent line includes utilities paid by the tenant, a definition worth remembering when comparing it against a landlord's quoted rate.

No figure on this page is estimated by us; each one comes straight from the published ACS tables for this area. Small-area estimates still carry wider margins of error than state or national figures, so check the linked ACS tables before relying on them for lending, appraisal or legal work.

Compare with nearby places

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Frequently asked questions

Common questions about this area.

What is the population of Medford city?: Medford city has 1,194 residents on Census ACS 2019-2023 ACS 5-year estimates, ranking #334 of 914 in Minnesota.
What is the median household income in Medford city?: Median household income in Medford city is $98,375 a year, 25.3% above the national figure of $78,538.
How much does it cost to rent or buy in Medford city?: Median gross rent is $1,036 a month and the median home value is $234,300, so rent absorbs about 12.6% of median household income.
Is Medford city affordable compared with the rest of the US?: Homes cost about 2.4× the local median income here versus roughly 3.9× nationally, so Medford city is more affordable to buy in than the typical US market, and rent takes 12.6% of median income against the 30% cost-burden line.
How current is this Medford city data?: All figures come from the US Census Bureau American Community Survey 2019-2023 ACS 5-year five-year estimates. At this population the ACS sample is small, so the margin of error around every dollar figure below is wide — treat the numbers as a band, not a point, and expect them to move between annual releases without the place itself changing.