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These days, finding an affordable place to live in the Stanford area can be challenging. Home prices in Stanford are now at a median cost of $1,774,023, higher than the California average of $812,006.
The average cost of rent is $1,998/mo in Stanford, primarily driven by the current value of real estate in the Stanford area. In Stanford, 74.51% of households rent, and 41.31% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Stanford is $6,846 per month. Households that rent pay about 29.18% of their income on rent here. Stanford’s most expensive areas are in the southern regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Palo Alto, CA: equally priced homes
- Menlo Park, CA: equally priced homes
- Atherton, CA: higher priced homes
- East Palo Alto, CA: less expensive homes
- Portola Valley, CA: higher priced homes
- Los Altos Hills, CA: higher priced homes
- North Fair Oaks, CA: less expensive homes
- Mountain View, CA: equally priced homes
- Woodside, CA: higher priced homes
- Los Altos, CA: higher priced homes
Cities with Similar Populations
- Weaverville, NC: less expensive homes
- Broomall, PA: less expensive homes
- Brunswick, ME: less expensive homes
- Bryn Mawr, PA: less expensive homes
- Buckhall, VA: less expensive homes
- Buffalo, MN: less expensive homes
- Camden, SC: less expensive homes
- Campbellsville, KY: less expensive homes
- Canton, MS: less expensive homes
- Canyon Lake, TX: less expensive homes
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