How much is a home worth in ZIP code 97501?

The typical home in 97501 is worth $369,379, based on the Zillow Home Value Index.

Are home values rising in 97501?

Home values in 97501 are up 0.7% over the past year, and up 2.8% a year over five years.

What is the typical rent in 97501?

A typical home in 97501 rents for about $1,659 a month, a gross rental yield of 5.4%.

What is the property tax rate in 97501?

The effective property tax rate in 97501 is 0.7% — roughly $2,481 a year on a typical home.

ZIP code 97501 has a population of 44,670 and a median household income of $63,977.

HousingHandbookReference data

…

U.S. ZIP Code · OR97501

Jackson County · Medford, OR

Typical home value

$369,379^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +0.7%
5-year / yr: +2.8%
10-year / yr: +6.0%

Relative price

vs U.S.: +30.0%
vs metro: -16.3%
vs state: -19.7%

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 97501 is worth $369,379 — 16.3% below the Medford, OR median. Over the past year, values have risen 0.7%. Homes here rent for a typical $1,659 a month — a 5.4% gross rental yield. The effective property tax rate is 0.7%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent: $1,659^[2]
Gross yield: 5.4%^[2]
Cap rate: 3.2%^[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate: 0.7%^[3]
Typical annual tax: $2,481^[3]

#Climate risk

FEMA National Risk Index ratings for Jackson County. "Not Applicable" means the hazard does not threaten the county.

Overall risk: Relatively Moderate^[4]
Riverine flood: Relatively Moderate
Coastal flood: Not Applicable
Wildfire: Relatively High
Drought: Very Low
Heat wave: Relatively Moderate
Hurricane: Not Applicable
Tornado: Very Low
Earthquake: Relatively Moderate
Winter weather: Very High

#Who lives here

Population: 44,670^[3]
Median household income: $63,977^[3]

#Migration

Household moves in and out of Jackson County over a year, from IRS tax-return data.

Net migration: +22^[5]
Moved in: 5,059
Moved out: 5,037

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools: 12
Elementary: 7
Middle: 1
High: 3

South Medford High School
High · Grades 9–12 · Medford SD 549C
1,945 students
North Medford High School
High · Grades 9–12 · Medford SD 549C
1,661 students
Logos Charter School
Other · Grades K–12 · Medford SD 549C
1,216 students
McLoughlin Middle School
Middle · Grades 6–8 · Medford SD 549C
738 students
Griffin Creek Elementary School
Elementary · Grades K–5 · Medford SD 549C
474 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Home value$Monthly rent$

Gross yield5.4%

Net yield (after ~40% expenses)3.2%

Annual rent$19,910

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$1,868

Loan principal$295,503

Down payment$73,876

Total interest paid$376,898

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio1.44

Monthly cost to own$2,382

Monthly rent$1,659

Renting is meaningfully cheaper month-to-month.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation: 79th percentile^[1]
Rental yield: 75th percentile^[2]
Property tax: 43rd percentile^[3]

Rankings

Top-10 lists this ZIP code appears on.

6th for highest rental yield in ORView list →

Frequently asked

How much is a home worth in ZIP code 97501?: The typical home in 97501 is worth $369,379, based on the Zillow Home Value Index.
Are home values rising in 97501?: Home values in 97501 are up 0.7% over the past year, and up 2.8% a year over five years.
What is the typical rent in 97501?: A typical home in 97501 rents for about $1,659 a month, a gross rental yield of 5.4%.
What is the property tax rate in 97501?: The effective property tax rate in 97501 is 0.7% — roughly $2,481 a year on a typical home.
Who lives in 97501?: ZIP code 97501 has a population of 44,670 and a median household income of $63,977.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

97503 vs 97501 →
White City CDP, OR
Typical home
$355,653
Gross yield
—
97536 vs 97501 →
Prospect CDP, OR
Typical home
$340,132
Gross yield
—
97535
Phoenix, OR
Typical home
$402,689
Gross yield
—
97522
Butte Falls, OR
Typical home
$326,204
Gross yield
—
97539
Shady Cove, OR
Typical home
$419,752
Gross yield
—
97502
Central Point, OR
Typical home
$424,564
Gross yield
5.5%

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Pit ZIP 97501 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · OR97501

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