ZIP Code · OR

ZIP 97501

Part of Medford, OR

Pop. 44,670·Jackson County·72nd most expensive ZIP in Oregon

Median rent (all units)

$1,688/mo

Year-over-Year

+3.0%

Month-over-Month

Stable

vs US Median

-$244

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 97501 · $1,688

More affordable than 59% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$1,040

1 BR

$1,210

2 BR

$1,510

3 BR

$2,100

4 BR+

$2,480

Research median

$1,510/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: October 17, 2026

From the history

What the numbers show

Compared with the peak

Rent in ZIP 97501 is at its highest level since Zillow's records here began in March 2023.

Past year vs. the rest of Oregon

Rent in ZIP 97501 changed +3.0% over the year to September 2026. Across the 106 Oregon ZIP codes Zillow tracks, the typical change was +1.6%.

Recent direction

Rent has risen 3 months in a row, and rose in 9 of the last 12 months.

What a typical income covers

30% of the median household income ($63,977) is $1,599 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,510); a 3-bedroom is $2,100.

From Zillow's monthly rent index (ZORI) for ZIP 97501. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$20,256/yr

At $1,688/mo median

Location

CityMedford

StateOR

CountyJackson County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (3.0% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+3.0% YoY, +0.1% MoM), not inventory.

Demographics

Who lives here

ZIP 97501 (Medford, OR) is roughly split between renters and owners, has a median income below the national average, 20.7% of residents hold a bachelor's degree or higher.

Population

44,670

Median income

$63,977

Median age

37.7

Renters

45.6%

Age distribution

22.6%

24.3%

25.2%

16.6%

Under 1822.6%

18–3424.3%

35–5425.2%

55–6411.3%

65+16.6%

Gender

49.3%

50.7%

Male49.3%

Female50.7%

Race & ethnicity

74.3%

19.7%

White74.3%

Black0.9%

Hispanic19.7%

Asian0.8%

Other4.3%

Education (25+)

32.4%

36.2%

20.7%

No HS diploma10.7%

HS diploma32.4%

Some college36.2%

Bachelor's+20.7%

Housing tenure

54.4%

45.6%

Owner54.4%

Renter45.6%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2023 vs 2026

How ZIP 97501 in Medford, OR has changed in 5 years

Rent

$1,472 → $1,688

up 14.7%

Income

$52,798 → $63,977

up 21.2%

Population

47,229 → 44,670

down 5.4%

Renter share

46.3% → 45.6%

-0.7 pts

Bachelor's+

17.6% → 20.7%

+3.1 pts

Since 2023, the typical rent in ZIP 97501 in Medford, OR has increased from $1,472 to $1,688, a 14.7% change over five years. Census figures show median household income at $63,977 today, compared with $52,798 five years earlier. On paper, paychecks moved up faster than rent, which softens the affordability squeeze versus the 2021 baseline. The population has contracted by 5.4% since 2021, moving from about 47,229 residents to roughly 44,670. College-educated residents now make up 20.7% of adults here, versus 17.6% in 2021. The combined trend lines point to a market that has changed measurably from where it stood in early 2023.

Community

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Local insights

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About renting in ZIP 97501

Last updated: October 17, 2026

ZIP code 97501 covers Medford, OR. The median rent here is $1,688/mo as of October 2026. A 1-bedroom rents for a median of $1,210/mo. A 2-bedroom rents for a median of $1,510/mo.

At 32% of local median household income ($63,977/yr), ZIP 97501 ranks as moderate compared to the national benchmark of 30%. Rents have increased 3.0% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 97501?

To keep rent at or below 30% of gross income, you would need to earn at least $68,000/year (about $33/hour full-time) to afford the median rent of $1,688/mo in ZIP 97501. The local median household income is $63,977/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 97501?

Rent in ZIP 97501 has risen 3.0% over the past year as of September 2026. That is the highest level since Zillow's records here began in March 2023.

How does ZIP 97501 compare to other ZIPs in Oregon?

ZIP 97501 is in the middle among Oregon ZIP codes for rent, ranking #72 of 114 at $1,688/mo. Over the year to September 2026, rent in ZIP 97501 changed +3.0%, against a typical +1.6% across the 106 Oregon ZIP codes Zillow tracks.