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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 $242,024, higher than the Indiana average of $232,932.
The average cost of rent is $775/mo in Stanford, primarily driven by the current value of real estate in the Stanford area. In Stanford, 11.24% of households rent, and 36.45% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Stanford is $7,381 per month. Households that rent pay about 10.50% of their income on rent here. Stanford’s most expensive areas are in the central regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Solsberry, IN: less expensive homes
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- Bloomington, IN: higher priced homes
- Freeman, IN: less expensive homes
- Owensburg, IN: equally priced homes
Cities with Similar Populations
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- Savannah, NY: less expensive homes
- Rockwell, IA: less expensive homes
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