Home Price Key
Affordable
Average
Expensive
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 $104,334, lower than the Illinois average of $242,002.
The average cost of rent is $792/mo in Stanford, primarily driven by the current value of real estate in the Stanford area. While nearly 40.98% of residents own their homes outright in Stanford, 14.26% rent.
Housing affordability isn’t just about home prices, though. The average household income in Stanford is $6,138 per month. Households that rent pay about 12.91% of their income on rent here. Stanford's most expensive areas are in the northeastern regions, while the cheapest areas are in the eastern parts of the city.
Nearby Cities
- Minier, IL: higher priced homes
- Danvers, IL: higher priced homes
- Armington, IL: higher priced homes
- Shirley, IL: higher priced homes
- McLean, IL: higher priced homes
- Burt, IL: higher priced homes
- Mackinaw, IL: higher priced homes
- Carlock, IL: higher priced homes
- Hopedale, IL: higher priced homes
- Atlanta, IL: equally priced homes
Cities with Similar Populations
- Sharptown, MD: higher priced homes
- Hills, MN: higher priced homes
- Huffer, GA: higher priced homes
- Hugo, CO: higher priced homes
- Indian Wells, AZ: less expensive homes
- Lake Lynn, PA: less expensive homes
- Rolling Hills, KY: higher priced homes
- Saybrook, IL: equally priced homes
- Scranton, AR: higher priced homes
- Seth, WV: less expensive homes
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