How much is a home worth in ZIP code 97502?

The typical home in 97502 is worth $424,564, based on the Zillow Home Value Index.

Are home values rising in 97502?

Home values in 97502 are up 0.9% over the past year, and up 2.8% a year over five years.

What is the typical rent in 97502?

A typical home in 97502 rents for about $1,939 a month, a gross rental yield of 5.5%.

What is the property tax rate in 97502?

The effective property tax rate in 97502 is 0.8% — roughly $3,222 a year on a typical home.

ZIP code 97502 has a population of 29,067 and a median household income of $83,488.

HousingHandbookReference data

…

U.S. ZIP Code · OR97502

Jackson County · Medford, OR

Typical home value

$424,564^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +0.9%
5-year / yr: +2.8%
10-year / yr: +5.8%

Relative price

vs U.S.: +49.5%
vs metro: -3.8%
vs state: -7.7%

Price history

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

The typical home in 97502 is worth $424,564 — 3.8% below the Medford, OR median. Over the past year, values have risen 0.9%. Homes here rent for a typical $1,939 a month — a 5.5% gross rental yield. The effective property tax rate is 0.8%.

#Rent & investment

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

Monthly rent: $1,939^[2]
Gross yield: 5.5%^[2]
Cap rate: 3.3%^[2]

#Property tax

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

Effective tax rate: 0.8%^[3]
Typical annual tax: $3,222^[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: 29,067^[3]
Median household income: $83,488^[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: 10
Elementary: 6
Middle: 1
High: 3

Scenic Middle School
Middle · Grades 6–8 · Central Point SD 6
808 students
Jewett Elementary School
Elementary · Grades K–5 · Central Point SD 6
586 students
Crater Academy of Health and Public Services
High · Grades 9–12 · Central Point SD 6
518 students
Richardson Elementary School
Elementary · Grades K–5 · Central Point SD 6
502 students
Crater School of Business Innovation and Science
High · Grades 9–12 · Central Point SD 6
486 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 yield5.5%

Net yield (after ~40% expenses)3.3%

Annual rent$23,262

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$2,147

Loan principal$339,651

Down payment$84,913

Total interest paid$433,206

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 ratio1.43

Monthly cost to own$2,770

Monthly rent$1,939

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: 64th percentile^[1]
Rental yield: 100th percentile^[2]
Property tax: 71st percentile^[3]

Rankings

Top-10 lists this ZIP code appears on.

4th for highest rental yield in ORView list →

Frequently asked

How much is a home worth in ZIP code 97502?: The typical home in 97502 is worth $424,564, based on the Zillow Home Value Index.
Are home values rising in 97502?: Home values in 97502 are up 0.9% over the past year, and up 2.8% a year over five years.
What is the typical rent in 97502?: A typical home in 97502 rents for about $1,939 a month, a gross rental yield of 5.5%.
What is the property tax rate in 97502?: The effective property tax rate in 97502 is 0.8% — roughly $3,222 a year on a typical home.
Who lives in 97502?: ZIP code 97502 has a population of 29,067 and a median household income of $83,488.

#Comparable ZIPs

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

97539 vs 97502 →
Shady Cove, OR
Typical home
$419,752
Gross yield
—
97540 vs 97502 →
Talent, OR
Typical home
$441,308
Gross yield
4.9%
97504
Medford, OR
Typical home
$446,353
Gross yield
4.8%
97535
Phoenix, OR
Typical home
$402,689
Gross yield
—
97525
Foots Creek CDP, OR
Typical home
$456,765
Gross yield
—
97524
Eagle Point, OR
Typical home
$474,803
Gross yield
—

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Pit ZIP 97502 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · OR97502

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