97501, Medford, OR

Medford, Oregon is a city located in the northwestern part of the state. According to the 2010 census, Medford has a population of 102,774. The city is home to Oregon State University and is known for its high-tech industry and its proximity to Portland.

The median household income in Medford was $71,868 in 2013. The median home value was $269,500 in 2013. Home equity loans are popular in Medford because of the high home values and low interest rates. In March 2014, there were 2,819 active home equity loans in the 97501 zip code according to LendingTree.com. The average interest rate on these loans was 4%.

There has been an increase in home prices over the past few years due to strong demand from buyers and limited supply of homes available for sale. In March 2014, Zillow reported that the median price of homes sold in Medford had increased by 10% since 2012. This trend is likely to continue as more people move into the city and buy homes.