HomeMinnesotaSteele CountyMedford
Medford, Minnesota: commercial real estate data.
Medford is a Census city of 1,257 people across 1.19 square miles of land, in Steele County. Median household income is $108,250, 80.3 percent of occupied homes are owned, and the SBA record carries 3 7(a) approvals to borrowers here worth $161,200 since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Medford
What Medford is
- Census place typecity
- Land area1.19 sq mi
- Water area0 sq mi
- Population per square mile of land1,053
- County holding the largest share of its areaSteele 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
- Population1,257
- Median age39.3
- Population under 18357 plus or minus 73
- Share under 1828.4 percent
- Population 65 and over135 plus or minus 36
- Share 65 and over10.7 percent plus or minus 2.4
- Households467
- Family households324
- Share of households that are families69.4 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$108,250
- Per capita income$44,486
- Civilian labor force720
- Employed696
- Unemployed24 plus or minus 16
- Unemployment rate3.3 percent plus or minus 2.2
- Adults 25 and over834
- Adults 25 and over with a high school diploma or higher89.2 percent
- Adults 25 and over with a bachelor degree or higher23.9 percent plus or minus 5.7
- Adults 25 and over with a graduate degree6.8 percent plus or minus 3.2
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Medford
Housing in Medford
- Housing units498
- Occupied units467
- Vacant units31 plus or minus 21
- Vacancy rate6.2 percent plus or minus 4.2
- Owner occupied375
- Renter occupied92 plus or minus 28
- Ownership rate80.3 percent
- Median owner-occupied home value$249,600
- Median gross rent, monthly$1,175 plus or minus $307
- Annual rent as a share of median income13.0 percent plus or minus 3.9
- Single family units449
- Share single family90.2 percent
- Units in buildings of two or more49 plus or minus 24
- Share in buildings of two or more9.8 percent plus or minus 4.8
- Mobile homes0
- Median year structure built1985
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 commute632
- Commuting under 15 minutes214 plus or minus 53
- Share commuting under 15 minutes33.9 percent
- Commuting 30 minutes or more119 plus or minus 35
- Share commuting 30 minutes or more18.8 percent plus or minus 4.7
- Drove alone83.3 percent
- Carpooled9.1 percent plus or minus 4.2
- Public transport0.0 percent
- Walked0.0 percent
- Worked from home7.6 percent plus or minus 2.5
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Medford
SBA loans in Medford (7(a))
- Approvals3
- Gross approval$161,200
- Average approval$53,733
- Median approval$43,200
- Largest approval$100,000
- Jobs supported14
- Jobs per approval4.7
- Loans with a final outcome2
- Paid in full2
- Charged off0
- Median term60 months
- Share on real estate terms of 20 years or more0.0 percent
- Share to franchises0.0 percent
- Distinct lenders3
- Distinct industries by NAICS3
Counted by borrower city: approvals to borrowers whose address is in Medford, in any county, FY2020 to FY2026. Only 2 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
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)
- Approvals2
- Gross approval$3,185,000
- Average approval$1,592,500
- Median approval$1,592,500
- Largest approval$2,692,000
- Jobs supported18
- Loans with a final outcome1
- Charged off0
- Median term240 months
- Distinct CDCs2
Counted by borrower city: approvals to borrowers whose address is in Medford, in any county, FY2010 to FY2026. Only 1 loan has reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Medford
Flood risk in Medford
- NFIP communityCity of Medford
- NFIP community number270462
- Participating in the NFIPYes
- Community Rating System classNone
- Currently effective map date12/02/11
The City of Medford participates in the National Flood Insurance Program as community 270462 and carries no Community Rating System class, so no CRS premium discount applies to it.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Steele County, not Medford
Steele County context, not Medford figures
- Establishments in Steele County1,024
- Covered employment, Steele County18,956
- Average annual pay, Steele County$61,897
- Housing units permitted, Steele County28
Every figure in this section is published for Steele County as a whole and is not a measurement of Medford.
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.
Coverage
What this page does not hold.
Parcel detail, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
Common questions
Medford questions, answered from the record.
How many people live in Medford, Minnesota?
1,257, in 467 households. Medford city covers 1.19 square miles of land, which is 1,053 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?
Steele 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?
$108,250. The median owner-occupied home is valued at $249,600. Median gross rent is $1,175 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?
3 7(a) approvals totaling $161,200 since FY2020, across 3 lenders, median approval $43,200, plus 2 504 approvals worth $3.2 m since FY2010. 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?
No rate is published for Medford. Only 2 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published. The counts are shown instead.
Is Medford in the National Flood Insurance Program?
Yes. Medford appears in the FEMA Community Status Book as Medford, city of, community 270462, with no Community Rating System class, so no CRS discount applies. Whether a specific parcel sits in a mapped special flood hazard area is an address level question the platform answers.
Are the county figures on this page Medford figures?
No, and they are labeled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Steele 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?
No. Nothing on this page presents parcel level zoning.
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