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Affordable
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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 $237,730, lower than the Montana average of $409,886.
The average cost of rent is $496/mo in Stanford, primarily driven by the current value of real estate in the Stanford area. In Stanford, 27.21% of households rent, and 72.41% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Stanford is $4,976 per month. Households that rent pay about 9.96% of their income on rent here. Stanford’s most expensive areas are in the southwestern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
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- Raynesford, MT: higher priced homes
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Cities with Similar Populations
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- Honomu, HI: higher priced homes
- Howard, SC: less expensive homes
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