The typical owner-occupied home in Stratford is worth about $89,300, 57% below the Iowa median of $208,000 and 73% below the national median of $332,700. Owners pay a median $1,547 a year in property taxes, about 1.73% of their home's value, higher than the Iowa rate of 1.39%. The median household earns $47,875 a year, so the median home costs 1.9 times the median income (2.8 times for Iowa). 83% of occupied homes here are lived in by their owners, and 34% of those owners still have a mortgage.
Stratford at a glance
| Stratford | Iowa | U.S. | |
|---|---|---|---|
| Median home value | $89,300 | $208,000 | $332,700 |
| Median property tax paid per year | $1,547 | $2,897 | $3,119 |
| Property tax as a share of value | 1.73% | 1.39% | 0.94% |
| Median household income | $47,875 | $75,059 | $80,734 |
| Homes lived in by their owners | 83% | 72% | 65% |
| Owner homes with a mortgage | 34% | 59% | 61% |
| Median monthly costs, owners with a mortgage | $1,054 | $1,533 | $1,963 |
| Those costs as a share of the owners' income | 17.7% | 18.7% | 21.0% |
| Median rent | $588 | $972 | $1,413 |
| Rent as a share of renters' income | 37.5% | 27.4% | 30.6% |
| Median year homes were built | 1968 | 1972 | 1980 |
| Vacant homes | 9.7% | 8.5% | 10.1% |
| Population | 735 | 3,210,507 | 334,922,499 |
What a typical home costs per month in Stratford
At this week's average 30-year rate of 7.11%, buying the median Stratford home of $89,300 with 20% down costs about $647 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $795, 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 $27,708 for the 20%-down payment. That payment is 16% of the median Stratford household income of $47,875; at that income and 20% down, the 28% guideline points to a home of about $154,000.
The median rent here is $588 a month, so owning the median home costs about $59 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $17,860 |
|---|---|
| Loan amount | $71,440 |
| Principal and interest | $481 |
| Property taxes (1.73% a year) | $129 |
| Homeowners insurance (our estimate, 0.5% a year) | $37 |
| PMI | $0 |
| Total per month | $647 |
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| Down payment | $3,126 |
|---|---|
| Loan amount | $87,683 |
| Principal and interest | $590 |
| Property taxes (1.73% a year) | $129 |
| Homeowners insurance (our estimate, 0.5% a year) | $37 |
| FHA mortgage insurance | $40 |
| Total per month | $795 |
Change the numbers in the calculator
Questions about home buying in Stratford
What is the median home value in Stratford?
About $89,300 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Stratford?
Homeowners pay a median $1,547 a year, which is about 1.73% 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 Stratford?
For the median home with 20% down at 7.11%, the payment is about $647 a month. Keeping that under 28% of gross income takes about $27,708 a year.
More about Stratford
- Mortgage Refinance in Stratford
- Debt Relief in Stratford
- Home Equity Loans in Stratford
- 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