The typical owner-occupied home in Stratford is worth about $129,900, 54% below the Texas median of $283,800 and 61% below the national median of $332,700. Owners pay a median $3,033 a year in property taxes, about 2.33% of their home's value, higher than the Texas rate of 1.49%. The median household earns $49,286 a year, so the median home costs 2.6 times the median income (3.6 times for Texas). 79% of occupied homes here are lived in by their owners, and 48% of those owners still have a mortgage.
Stratford at a glance
| Stratford | Texas | U.S. | |
|---|---|---|---|
| Median home value | $129,900 | $283,800 | $332,700 |
| Median property tax paid per year | $3,033 | $4,232 | $3,119 |
| Property tax as a share of value | 2.33% | 1.49% | 0.94% |
| Median household income | $49,286 | $78,476 | $80,734 |
| Homes lived in by their owners | 79% | 63% | 65% |
| Owner homes with a mortgage | 48% | 56% | 61% |
| Median monthly costs, owners with a mortgage | $1,301 | $2,106 | $1,963 |
| Those costs as a share of the owners' income | 14.6% | 21.7% | 21.0% |
| Median rent | – | $1,403 | $1,413 |
| Rent as a share of renters' income | 18.3% | 30.9% | 30.6% |
| Median year homes were built | 1961 | 1992 | 1980 |
| Vacant homes | 22.6% | 9.4% | 10.1% |
| Population | 1,326 | 30,188,424 | 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 $129,900 with 20% down costs about $1,005 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,222, 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 $43,090 for the 20%-down payment. That payment is 24% of the median Stratford household income of $49,286; at that income and 20% down, the 28% guideline points to a home of about $149,000.
| Down payment | $25,980 |
|---|---|
| Loan amount | $103,920 |
| Principal and interest | $699 |
| Property taxes (2.33% a year) | $252 |
| Homeowners insurance (our estimate, 0.5% a year) | $54 |
| PMI | $0 |
| Total per month | $1,005 |
Change the numbers in the calculator
| Down payment | $4,546 |
|---|---|
| Loan amount | $127,547 |
| Principal and interest | $858 |
| Property taxes (2.33% a year) | $252 |
| Homeowners insurance (our estimate, 0.5% a year) | $54 |
| FHA mortgage insurance | $57 |
| Total per month | $1,222 |
Change the numbers in the calculator
Questions about home buying in Stratford
What is the median home value in Stratford?
About $129,900 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 $3,033 a year, which is about 2.33% 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 $1,005 a month. Keeping that under 28% of gross income takes about $43,090 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