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New Report Fall 2026 Housing Affordability Report: every state is less affordable than in late August as average 30-year mortgage rates passed 7%. Read the report

Medford, MA Housing Affordability Index

Medford, Massachusetts has an MBR Housing Affordability Index score of 76.3 (Moderately Less Affordable) as of October 30, 2026, ranking 115th most affordable of 193 scored Massachusetts cities, compared with 76.0 statewide and 97.4 nationally. On a median-priced $755,500 home with 20% down, the Massachusetts average 30-year fixed rate of 7.10% means a monthly principal and interest payment of about $4,063, or 38% of the city’s $129,540 median household income.

The MBR Housing Affordability Index (MBR-HAI) for Medford is updated every night from live Massachusetts mortgage rates and U.S. Census Bureau income, home value and housing cost data for the city. A score of 100 equals the national average; higher scores mean homeownership is more affordable.

Medford MBR-HAI 76.3 Moderately Less Affordable
Rank in Massachusetts 115 of 193 1 = most affordable
Massachusetts 76.0 Statewide score
National 97.4 100 = baseline
Avg 30-yr rate 7.10% Massachusetts lenders
Median home value $755,500 U.S. Census Bureau

Medford is 0.3 points above the Massachusetts score. Scores as of October 30, 2026. See the Massachusetts index

View Medford Mortgage Rates

What It Takes to Buy in Medford

$4,063/mo
Principal & Interest
Median home, 20% down, 7.10%
$174,100
Income Needed
To keep the payment at 28% of income
$129,540
Median Household Income
Massachusetts: $103,960
5.8x
Price-to-Income Ratio
Massachusetts: 5.4x
$2,296/mo
Median Owner Costs
Mortgage, taxes, insurance, utilities
$6,082/yr
Median Property Tax
0.81% of median value
30.8%
Owner Cost Burden
Owners spending 30%+ of income on housing
38.7%
Renter Cost Burden
Renters spending 30%+ of income on rent

Source: U.S. Census Bureau American Community Survey 5-Year Estimates (2024) for Medford, Massachusetts. The rate is the Massachusetts average 30-year fixed rate from MonitorBankRates, since lenders publish rates by state.

Cite the Medford Score

“MonitorBankRates (MBR) Housing Affordability Index, MonitorBankRates.com, October 30, 2026. Medford, Massachusetts score: 76.3 (Moderately Less Affordable), ranked 115 of 193 Massachusetts cities. monitorbankrates.com/housing-affordability-index/massachusetts/medford”