Stanford, KY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Stanford, KY Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Stanford Housing Market Information

With 3,675 people, 1,573 houses or apartments, and a median cost of homes of $125,805, house prices in Stanford are solidly below the national average.

Single-family detached homes are the single most common housing type in Stanford, accounting for 63.80% of the city's housing units. Other types of housing that are prevalent in Stanford include duplexes, homes converted to apartments or other small apartment buildings ( 23.53%), large apartment complexes or high rise apartments ( 6.60%), and a few mobile homes or trailers ( 4.89%).

The most prevalent building size and type in Stanford are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 49.13% owning and 50.87% renting.

There is a lot of housing in Stanford built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Stanford built between 2000 and later ( 21.11%). A lesser amount of the housing stock also hails from between 1940-1969 ( 20.64%). There's also some housing in Stanford built before 1939 ( 10.08%).

Stanford Home Appreciation Rates

Appreciation rates for homes in Stanford have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 11.37%, which ranks in the top 30% nationwide. This equates to an annual average Stanford house appreciation rate of 1.08%.

NeighborhoodScout's data show that during the latest twelve months, Stanford's appreciation rate, at 3.59%, has been at or slightly above the national average. In the latest quarter, Stanford's appreciation rate has been 0.56%, which annualizes to a rate of 2.24%.

Relative to Kentucky, our data show that Stanford's latest annual appreciation rate is higher than 50% of the other cities and towns in Kentucky.

Average Home Values

 

Median Home Value:
$125,805

Stanford, KY HOME PRICES

Value Range
> $1,087,000 0.2
$815,001 - $1,087,000 0.0
$544,001 - $815,000 0.7
$435,001 - $544,000 0.3
$326,001 - $435,000 2.9
$218,001 - $326,000 5.8
$109,001 - $218,000 50.8
$54,001 - $109,000 23.1
$0 - $54,000 16.2

High for KY
Low for Nation

Value Relative to Nation Value Relative to State
62.111801242236 35.0877192982456

Number Of Homes And Apartments:
1,573

Stanford Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
KY*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
37.61% 1.87% 6 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$856 / per month

Homeownership Rate

Homeownership
Owners 49.13
Renters 50.87
Vacant 7.25

Housing Market Details

 

Age of Homes

AGE OF Stanford HOMES
2000 or Newer 21.1
1970 - 1999 48.2
1940 - 1969 20.6
1939 or Older 10.1

Types of Homes

TYPE OF Stanford HOMES
Single-Family 63.8
Townhomes 1.2
Small Apt. Buildings 23.5
Apt. Complexes 6.6
Mobile Homes 4.9
Other 0.0

Home Size

SIZE OF Stanford HOMES
No Bedroom 0.47
1 Bedroom 12.79
2 Bedrooms 32.72
3 Bedrooms 40.86
4 Bedrooms 9.20
5 or more bedrooms 3.95

Popular Neighborhoods in Stanford

Zip Codes in Stanford, KY