Medford, OR Federal Housing Finance Agency Home Price Index (FHFA HPI)

As of September 2020, the Federal Housing Finance Agency (FHFA) house price index for Medford, Oregon was 246.6. This is a 0.8% increase from the August 2020 index of 244.4, and a 5.7% increase from the September 2019 index of 233.3.

The FHFA house price index is based on home sales data from Freddie Mac and Fannie Mae, which are the two largest government-sponsored enterprises that provide financing for single-family homes in the United States. The index covers single-family homes with mortgages that have been securitized by Freddie Mac or Fannie Mae between January 1, 1975 and September 30, 2020.

The Medford housing market has seen strong growth in recent years, driven by population growth and low interest rates. The median sale price of a home in Medford increased from $247,000 in 2016 to $310,000 in 2019, an increase of 25%. Home prices have continued to rise in 2020, although at a slower pace than in previous years due to the pandemic. The median sale price of a home in Medford was $325,000 as of September 2020.

The rise in home prices has been accompanied by an increase in home equity values. As of September 2020, the median home equity value in Medford was $159,700, an increase of 8% from the previous year. Homeowners in Medford have seen their equity values grow significantly over the past few years as prices have risen faster than mortgage rates have increased.

The combination of rising home prices and increasing equity values has made homeownership more affordable for many families across Oregon. In fact, according to data from RealtyTrac, Oregon had the second-highest rate of homeownership affordability among all states as of Q2 2020 (the most recent data available). This is due largely to strong job growth and wage increases over the past few years which have helped offset rising housing costs for many families across Oregon