HomeMassachusettsMiddlesex CountyMedford city
Medford city, Massachusetts: commercial real estate data.
Medford city is a Census city of 59,354 people across 8.10 square miles of land, in Middlesex County. Median household income is $129,540, 54.1 percent of occupied homes are owned, and the SBA record carries 67 7(a) approvals to borrowers here worth $21.1 m.
77 sourced place values · tier FULL · 8 sections · underlined figures are computed by MMCG Analytics, not published by the agency
Medford
What Medford is
- Census place typecity
- Land area8.1 sq mi
- Water area0.56 sq mi
- Population per square mile of land7,327
- County holding the largest share of its areaMiddlesex County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Medford
How many people live in Medford
- Population59,354
- Median age35.9
- Population under 187,531
- Share under 1812.7 percent
- Population 65 and over9,028
- Share 65 and over15.2 percent
- Households24,339
- Family households13,461
- Share of households that are families55.3 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Medford
Income and work in Medford
- Median household income$129,540
- Per capita income$66,184
- Civilian labor force38,052
- Employed36,419
- Unemployed1,633 plus or minus 402
- Unemployment rate4.3 percent plus or minus 1.0
- Adults 25 and over44,278
- Adults 25 and over with a high school diploma or higher93.6 percent
- Adults 25 and over with a bachelor degree or higher59.8 percent
- Adults 25 and over with a graduate degree27.6 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Medford
Housing in Medford
- Housing units25,587
- Occupied units24,339
- Vacant units1,248 plus or minus 333
- Vacancy rate4.9 percent plus or minus 1.3
- Owner occupied13,159
- Renter occupied11,180
- Ownership rate54.1 percent
- Median owner-occupied home value$755,500
- Median gross rent, monthly$2,509
- Annual rent as a share of median income23.2 percent
- Single family units10,360
- Share single family40.5 percent
- Units in buildings of two or more15,149
- Share in buildings of two or more59.2 percent
- Mobile homes78 plus or minus 70
- Median year structure built1942
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Medford
How Medford gets to work
- Workers 16 and over who commute25,742
- Commuting under 15 minutes3,439
- Share commuting under 15 minutes13.4 percent
- Commuting 30 minutes or more12,959
- Share commuting 30 minutes or more50.3 percent
- Drove alone48.4 percent
- Carpooled6.0 percent plus or minus 1.5
- Public transport11.9 percent
- Walked3.8 percent
- Worked from home26.8 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Medford
SBA loans in Medford (7(a))
- Approvals67
- Gross approval$21,083,100
- Average approval$314,673
- Median approval$150,000
- Ninetieth percentile approval$500,000
- Largest approval$5,000,000
- Jobs supported630
- Jobs per approval9.4
- Loans with a final outcome12
- Paid in full12
- Charged off0
- Charge-off rate over resolved loans0.0 percent
- Median term120 months
- Share on real estate terms of 20 years or more1.5 percent
- Share to franchises9.0 percent
- Distinct lenders19
- Distinct industries by NAICS43
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Medford
SBA loans in Medford (504)
- Approvals11
- Gross approval$6,944,000
- Average approval$631,273
- Median approval$307,000
- Largest approval$2,698,000
- Jobs supported157
- Loans with a final outcome5
- Charged off0
- Median term240 months
- Distinct CDCs2
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Middlesex County, not Medford
Middlesex County context, not Medford figures
These are Middlesex County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as Medford measurements.
- Establishments in Middlesex County44,624
- Employment at those establishments, Middlesex County963,417
- Covered employment, Middlesex County926,104
- Average annual pay, Middlesex County$113,704
- Average weekly wage, Middlesex County$2,187
- Housing units permitted, Middlesex County3,495
- Of those, single family, Middlesex County889
- County product, 2024, Middlesex County$240,665,230,000
- County product change over the prior year, Middlesex County5.8 percent
- Average income of an arriving household, Middlesex County$129,274
Every figure in this section is published for Middlesex County as a whole and is not a measurement of Medford. It is here because a county backdrop is what a credit committee reads a place against, and it is labelled so that it can never be quoted as the place's own.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual. US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024. US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- This place is not listed as a community in the FEMA Community Status Book, so no NFIP participation or CRS class is shown.
- Parcel level detail, zoning and flood zone at an address are resolved in the platform, not on this page.
SBA figures count approvals to borrowers whose address is in the place. They are not approvals for projects inside the place boundary: the tape records a borrower city and a project county, and those can differ.
Common questions
Medford questions, answered from the record.
How many people live in Medford, Massachusetts?
59,354, in 24,339 households. Medford city covers 8.10 square miles of land, which is 7,327 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Medford in?
Middlesex County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Medford?
$129,540. The median owner-occupied home is valued at $755,500. Median gross rent is $2,509 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Medford businesses?
67 7(a) approvals totalling $21.1 m, across 19 lenders, median approval $150,000, plus 11 504 approvals worth $6.9 m. These count approvals to borrowers whose address is in Medford, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Medford borrowers get paid back?
Of the 12 loans that have reached a final outcome, 12 were paid in full and 0 charged off, a charge off rate of 0.0 percent. Loans still running are excluded because they have not yet succeeded or failed.
Are the county figures on this page Medford figures?
No, and they are labelled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Middlesex County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Medford.
Is zoning published for Medford?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.
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