As nouns,
**median** and **median value**
are **synonyms** defined as:

**median**and**median value**: the number midway between the two middle numbers in a series containing an even or odd number of items

median (noun) | median value (noun) |
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the number midway between the two middle numbers in a series containing an even or odd number of items | the number midway between the two middle numbers in a series containing an even or odd number of items |

median (adjective) | median value (adjective) |
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relating to or constituting the middle value of an ordered set of values (or the average of the middle two in a set with an even number of values) | |

dividing an animal into right and left halves | |

relating to or situated in or extending toward the middle |

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