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ZIP Code · OR

ZIP 97504

Part of Medford, OR
Pop. 51,089·Jackson County·29th most expensive ZIP in Oregon
Median rent (all units)
$1,897/mo
Year-over-Year
+9.2%
Month-over-Month
-2.7%
vs US Median
-$68
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 97504 · $1,897
More expensive than 54% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,080
1 BR
$1,260
2 BR
$1,570
3 BR
$2,180
4 BR+
$2,580
Research median
$1,570/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: July 20, 2026

Annual cost
$22,764/yr
At $1,897/mo median
Location
StateOR
CountyJackson County
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (9.2% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+9.2% YoY, -2.7% MoM), not inventory.
Demographics

Who lives here

ZIP 97504 (Medford, OR) is majority owner-occupied, has a large retiree population, 38.3% of residents hold a bachelor's degree or higher.

Population
51,089
Median income
$83,923
Median age
41
Renters
36.3%
Age distribution
22.6%
18.9%
23.1%
23.9%
Under 1822.6%
18–3418.9%
35–5423.1%
55–6411.5%
65+23.9%
Gender
49.6%
50.4%
Male49.6%
Female50.4%
Race & ethnicity
79.3%
15.5%
White79.3%
Black1.2%
Hispanic15.5%
Asian1.7%
Other2.3%
Education (25+)
23.6%
31.8%
38.3%
No HS diploma6.3%
HS diploma23.6%
Some college31.8%
Bachelor's+38.3%
Housing tenure
63.7%
36.3%
Owner63.7%
Renter36.3%

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

2021 vs 2026

How ZIP 97504 in Medford, OR has changed in 5 years

Income
$68,854 → $83,923
up 21.9%
Population
49,370 → 51,089
up 3.5%
Renter share
38.5% → 36.3%
-2.2 pts
Bachelor's+
36.4% → 38.3%
+1.9 pts

Census figures show median household income at $83,923 today, compared with $68,854 five years earlier. Headcount in the area went from 49,370 to 51,089 between 2021 and 2024, a 3.5% change. About 36.3% of households rent today, against 38.5% in 2021.

Community

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Local insights

Tips for renters in ZIP 97504

About renting in ZIP 97504

Last updated: July 20, 2026

ZIP code 97504 covers Medford, OR. The median rent here is $1,897/mo as of July 2026. A 1-bedroom rents for a median of $1,260/mo. A 2-bedroom rents for a median of $1,570/mo.

At 27% of local median household income ($83,923/yr), ZIP 97504 ranks as affordable compared to the national benchmark of 30%. Rents have increased 9.2% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 97504?

As of July 20, 2026, the median monthly rent in ZIP 97504 (Medford, OR) is $1,897. This is based on aggregated data from public sources and community submissions.

How does ZIP 97504 rent compare to the US average?

ZIP 97504's median rent of $1,897/mo is $68 (3%) below the US national median of $1,965/mo.

How does ZIP 97504 compare to other ZIPs in Oregon?

ZIP 97504 is one of the pricier ZIP codes in Oregon, ranking #29 out of 116 ZIPs tracked at $1,897/mo.

How much income do you need to rent in ZIP 97504?

To keep rent at or below 30% of gross income, you would need to earn at least $76,000/year (~$37/hour full-time) to afford the median rent of $1,897/mo in ZIP 97504. The local median household income is $83,923/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 97504?

Rent in ZIP 97504 has increased 9.2% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 97504 an affordable place to rent?

ZIP 97504 is considered affordable for renters. At $1,897/mo, rent takes approximately 27% of the local median household income ($83,923/yr). The standard benchmark is 30%. ZIP 97504 falls comfortably within that range.

What percentage of ZIP 97504 residents rent vs. own?

According to Census data, approximately 36.3% of ZIP 97504 households are renters, while 63.7% are owner-occupied. ZIP 97504 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 97504 compare to the rest of Medford?

ZIP 97504 is pricier than Medford as a whole. At $1,897/mo, it's $176 above the Medford citywide median of $1,721/mo.

When was rent data for ZIP 97504 last updated?

Rent data for ZIP 97504 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
27%
AFFORDABLE

At $1,897/mo, rent takes ~27% of ZIP 97504's median household income ($83,923/yr). The standard benchmark is 30%.

ZIP 97504 27%Benchmark 30%
State income tax4.75–9.9%
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Schools nearby

Public schools near ZIP 97504 (Medford, OR)

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