Medford is located in south Minnesota. Medford is between the Steele, Rice county. Medford has 1.15 square miles of land area and has no water area. As of 2010-2014, the total Medford population is 1,382, which has grown 40.45% since 2000. The population growth rate is much higher than the state average rate of 9.44% and is much higher than the national average rate of 11.61%. Medford median household income is $65,625 in 2010-2014 and has grown by 31.25% since 2000. The income growth rate is higher than the state average rate of 29.12% and is higher than the national average rate of 27.36%. Medford median house value is $152,300 in 2010-2014 and has grown by 52.76% since 2000. The house value growth rate is about the same as the state average rate of 51.31% and is higher than the national average rate of 46.91%. As a reference, the national Consumer Price Index (CPI) inflation rate for the same period is 26.63%. On average, the public school district that covers Medford is close to the state average in quality. The Medford area code is 507.