Real Estate Update

Realtor.com Places Medford on ‘Hottest Zip Codes’ List

– Allison Goldsberry

Medford has landed at the top of another real estate ranking.

Realtor.com says Medford is fourth on its list of top ten “hottest zip codes” for 2017.

“The hottest ZIP codes for 2017 illustrate the power of millennial gravitation toward affordable suburbs with local ‘it’ factors,” reads the Realtor.com statement.

Realtor.com analyzed 32,000 zip codes based upon the time it takes for properties to sell and how frequently homes are viewed in each zip code. Homes in the hottest markets sell in an average of twenty-one days (fifty days faster than other places) and are viewed four times more often.

Higher salaries, relative affordability, and millennials entering the market are key factors in the top real estate rankings, according to Realtor.com.

Redfin also recently placed two Medford neighborhoods on its “hottest neighborhoods” lists: North Medford and the Lawrence Estates.

The average single family in Medford is valued at $475,910, according to the City Assessor.

Other places making Realtor.com’s top list include Watauga, Texas; Livonia, Michigan; Kentwood, Michigan; Littleton, Colorado; Castro Valley, California; Colorado Springs, Colorado; Overland Park, Kansas; Mira Mesa, California; and Hilliard, Ohio.

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