The typical owner-occupied home in Stamford is worth about $178,600, 58% below the New York median of $423,800 and 46% below the national median of $332,700. Owners pay a median $4,368 a year in property taxes, about 2.45% of their home's value, higher than the New York rate of 1.55%. The median household earns $43,716 a year, so the median home costs 4.1 times the median income (4.9 times for New York). 55% of occupied homes here are lived in by their owners, and 37% of those owners still have a mortgage.
Stamford at a glance
| Stamford | New York | U.S. | |
|---|---|---|---|
| Median home value | $178,600 | $423,800 | $332,700 |
| Median property tax paid per year | $4,368 | $6,582 | $3,119 |
| Property tax as a share of value | 2.45% | 1.55% | 0.94% |
| Median household income | $43,716 | $85,974 | $80,734 |
| Homes lived in by their owners | 55% | 54% | 65% |
| Owner homes with a mortgage | 37% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $1,393 | $2,555 | $1,963 |
| Those costs as a share of the owners' income | 25.6% | 22.5% | 21.0% |
| Median rent | $824 | $1,621 | $1,413 |
| Rent as a share of renters' income | 32.4% | 31.2% | 30.6% |
| Median year homes were built | 1945 | 1959 | 1980 |
| Vacant homes | 24.1% | 10.0% | 10.1% |
| Population | 1,053 | 19,852,366 | 334,922,499 |
What a typical home costs per month in Stamford
At this week's average 30-year rate of 7.11%, buying the median Stamford home of $178,600 with 20% down costs about $1,400 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,698, 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 $60,009 for the 20%-down payment. That payment is 38% of the median Stamford household income of $43,716; at that income and 20% down, the 28% guideline points to a home of about $130,000.
The median rent here is $824 a month, so owning the median home costs about $576 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $35,720 |
|---|---|
| Loan amount | $142,880 |
| Principal and interest | $961 |
| Property taxes (2.45% a year) | $365 |
| Homeowners insurance (our estimate, 0.5% a year) | $74 |
| PMI | $0 |
| Total per month | $1,400 |
Change the numbers in the calculator
| Down payment | $6,251 |
|---|---|
| Loan amount | $175,365 |
| Principal and interest | $1,180 |
| Property taxes (2.45% a year) | $365 |
| Homeowners insurance (our estimate, 0.5% a year) | $74 |
| FHA mortgage insurance | $79 |
| Total per month | $1,698 |
Change the numbers in the calculator
Questions about home buying in Stamford
What is the median home value in Stamford?
About $178,600 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Stamford?
Homeowners pay a median $4,368 a year, which is about 2.45% 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 Stamford?
For the median home with 20% down at 7.11%, the payment is about $1,400 a month. Keeping that under 28% of gross income takes about $60,009 a year.
More about Stamford
- Mortgage Refinance in Stamford
- Debt Relief in Stamford
- Home Equity Loans in Stamford
- 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