How much is a home worth in ZIP code 97504?

The typical home in 97504 is worth $446,353, based on the Zillow Home Value Index.

Are home values rising in 97504?

Home values in 97504 are up 0.9% over the past year, and up 2.7% a year over five years.

What is the typical rent in 97504?

A typical home in 97504 rents for about $1,796 a month, a gross rental yield of 4.8%.

What is the property tax rate in 97504?

The effective property tax rate in 97504 is 0.9% — roughly $3,819 a year on a typical home.

ZIP code 97504 has a population of 51,089 and a median household income of $83,923.

HousingHandbookReference data

…

U.S. ZIP Code · OR97504

Jackson County · Medford, OR

Typical home value

$446,353^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +0.9%
5-year / yr: +2.7%
10-year / yr: +5.1%

Relative price

vs U.S.: +57.1%
vs metro: +1.1%
vs state: -2.9%

Price history

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

The typical home in 97504 is worth $446,353 — 1.1% above the Medford, OR median. Over the past year, values have risen 0.9%. Homes here rent for a typical $1,796 a month — a 4.8% gross rental yield. The effective property tax rate is 0.9%.

#Rent & investment

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

Monthly rent: $1,796^[2]
Gross yield: 4.8%^[2]
Cap rate: 2.9%^[2]

#Property tax

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

Effective tax rate: 0.9%^[3]
Typical annual tax: $3,819^[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: 51,089^[3]
Median household income: $83,923^[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: 8
Middle: 2
High: 0

Hedrick Middle School
Middle · Grades 6–8 · Medford SD 549C
970 students
Hoover Elementary School
Elementary · Grades K–5 · Medford SD 549C
586 students
Lone Pine Elementary School
Elementary · Grades K–5 · Medford SD 549C
462 students
Abraham Lincoln Elementary
Elementary · Grades K–5 · Medford SD 549C
415 students
Kennedy Elementary School
Elementary · Grades K–5 · Medford SD 549C
414 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 yield4.8%

Net yield (after ~40% expenses)2.9%

Annual rent$21,547

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$2,257

Loan principal$357,083

Down payment$89,271

Total interest paid$455,439

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 ratio1.64

Monthly cost to own$2,949

Monthly rent$1,796

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: 50th percentile^[1]
Rental yield: 25th percentile^[2]
Property tax: 100th percentile^[3]

Rankings

Top-10 lists this ZIP code appears on.

7th for most populous in ORView list →

Frequently asked

How much is a home worth in ZIP code 97504?: The typical home in 97504 is worth $446,353, based on the Zillow Home Value Index.
Are home values rising in 97504?: Home values in 97504 are up 0.9% over the past year, and up 2.7% a year over five years.
What is the typical rent in 97504?: A typical home in 97504 rents for about $1,796 a month, a gross rental yield of 4.8%.
What is the property tax rate in 97504?: The effective property tax rate in 97504 is 0.9% — roughly $3,819 a year on a typical home.
Who lives in 97504?: ZIP code 97504 has a population of 51,089 and a median household income of $83,923.

#Comparable ZIPs

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

97540 vs 97504 →
Talent, OR
Typical home
$441,308
Gross yield
4.9%
97525 vs 97504 →
Foots Creek CDP, OR
Typical home
$456,765
Gross yield
—
97502
Central Point, OR
Typical home
$424,564
Gross yield
5.5%
97539
Shady Cove, OR
Typical home
$419,752
Gross yield
—
97524
Eagle Point, OR
Typical home
$474,803
Gross yield
—
97537
Wimer CDP, OR
Typical home
$476,134
Gross yield
—

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Pit ZIP 97504 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · OR97504

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