The typical owner-occupied home in Stanford is worth about $295,500, 35% above the Indiana median of $218,200 and 11% below the national median of $332,700. Owners pay a median $1,635 a year in property taxes, about 0.55% of their home's value, lower than the Indiana rate of 0.74%. The median household earns $131,289 a year, so the median home costs 2.3 times the median income (3.0 times for Indiana). 100% of occupied homes here are lived in by their owners, and 95% of those owners still have a mortgage.
Stanford at a glance
| Stanford | Indiana | U.S. | |
|---|---|---|---|
| Median home value | $295,500 | $218,200 | $332,700 |
| Median property tax paid per year | $1,635 | $1,614 | $3,119 |
| Property tax as a share of value | 0.55% | 0.74% | 0.94% |
| Median household income | $131,289 | $71,957 | $80,734 |
| Homes lived in by their owners | 100% | 71% | 65% |
| Owner homes with a mortgage | 95% | 64% | 61% |
| Median monthly costs, owners with a mortgage | – | $1,404 | $1,963 |
| Those costs as a share of the owners' income | 18.0% | 18.1% | 21.0% |
| Median rent | – | $1,062 | $1,413 |
| Median year homes were built | 1980 | 1976 | 1980 |
| Vacant homes | 0.0% | 8.8% | 10.1% |
| Population | 472 | 6,851,073 | 334,922,499 |
What a typical home costs per month in Stanford
At this week's average 30-year rate of 7.11%, buying the median Stanford home of $295,500 with 20% down costs about $1,849 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,341, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $79,236 for the 20%-down payment. That payment is 17% of the median Stanford household income of $131,289; at that income and 20% down, the 28% guideline points to a home of about $490,000.
| Down payment | $59,100 |
|---|---|
| Loan amount | $236,400 |
| Principal and interest | $1,590 |
| Property taxes (0.55% a year) | $135 |
| Homeowners insurance (our estimate, 0.5% a year) | $123 |
| PMI | $0 |
| Total per month | $1,849 |
Change the numbers in the calculator
| Down payment | $10,342 |
|---|---|
| Loan amount | $290,148 |
| Principal and interest | $1,952 |
| Property taxes (0.55% a year) | $135 |
| Homeowners insurance (our estimate, 0.5% a year) | $123 |
| FHA mortgage insurance | $131 |
| Total per month | $2,341 |
Change the numbers in the calculator
Questions about home buying in Stanford
What is the median home value in Stanford?
About $295,500 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Stanford?
Homeowners pay a median $1,635 a year, which is about 0.55% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Stanford?
For the median home with 20% down at 7.11%, the payment is about $1,849 a month. Keeping that under 28% of gross income takes about $79,236 a year.
More about Stanford
- Mortgage Refinance in Stanford
- Debt Relief in Stanford
- Home Equity Loans in Stanford
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data