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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 $163,234, lower than the Kentucky average of $219,615.
The average cost of rent is $724/mo in Stanford, primarily driven by the current value of real estate in the Stanford area. In Stanford, 26.98% of households rent, and 45.78% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Stanford is $4,592 per month. Households that rent pay about 15.78% of their income on rent here. Stanford’s most expensive areas are in the northeastern regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Turnersville, KY: less expensive homes
- Rowland, KY: equally priced homes
- Shelby City, KY: higher priced homes
- Maywood, KY: less expensive homes
- Jumbo, KY: equally priced homes
- McKinney, KY: less expensive homes
- Logantown, KY: equally priced homes
- Clifton, KY: higher priced homes
- Chicken Bristle, KY: less expensive homes
- Junction City, KY: less expensive homes
Cities with Similar Populations
- Abita Springs, LA: higher priced homes
- Yreka, CA: higher priced homes
- Wonder Lake, IL: higher priced homes
- Winsted, CT: higher priced homes
- Winslow, AZ: equally priced homes
- Winooski, VT: higher priced homes
- Winnsboro, LA: less expensive homes
- Wingate, NC: higher priced homes
- Winchendon, MA: higher priced homes
- Wilmington, IL: higher priced homes
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