How much do homeowners pay a month in Stanford, IL?
Homeowners with a mortgage in Stanford, IL pay a median of $1,161 (±$55) a month in selected owner costs (2020–2024 American Community Survey).
Owners without a mortgage pay $575 (±$129).
62.8% of owned homes carry a mortgage.
In Stanford, the median monthly cost with a mortgage went from $1,156 in 2015–2019 to $1,161 in 2020–2024 (+0.4%).
Prices (CPI-U) rose 22.7% over the same years, so it rose more slowly than prices: a measurable decrease after inflation.
Figures last updated on .
- With a mortgage
- $1,161 (±$55)
- Without a mortgage
- $575 (±$129)
- Owned with a mortgage
- 62.8%
Monthly owner costs in Stanford
| Stanford | McLean County | Illinois | United States | |
|---|---|---|---|---|
| With a mortgage | $1,161 (±$55) | $1,673 (±$28) | $1,987 (±$6) | $1,963 |
| Without a mortgage | $575 (±$129) | $713 (±$17) | $792 (±$4) | $638 |
| Owned homes with a mortgage | 62.8% (±12.7 points) | 62.9% (±1.5 points) | 60.8% (±0.2 points) | 60.6% |
| Median real estate taxes (a year) | $2,824 (±$438) | $4,524 (±$74) | $5,298 (±$22) | $3,119 |
Selected monthly owner costs are the mortgage payment, property taxes, insurance, utilities, fuels and any condominium or mobile-home fees.
In Stanford, the median cost with a mortgage is lower than in McLean County ($1,673).
It is also lower than in Illinois ($1,987).
It is lower than the national figure ($1,963).
In McLean County, Stanford ranks 43 of 50 places with a published estimate, from highest to lowest median monthly cost with a mortgage.
Statewide, it ranks 1789 of 2,589.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How owner costs in Stanford have changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median owner cost with a mortgage | $1,156 (±$126) | $1,161 (±$55) | +0.4% | Down after inflation |
| Median real estate taxes | $2,543 (±$267) | $2,824 (±$438) | +11.0% | No measurable change after inflation |
| Median home value | $87,800 (±$6,910) | $115,300 (±$13,724) | +31.3% | No measurable change after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median monthly cost with a mortgage in places near Stanford
| Place | Distance | Median monthly cost with a mortgage | Compared with this place |
|---|---|---|---|
| Stanford | — | $1,161 (±$55) | — |
| Allin Township | 1.0 mi | $1,197 (±$127) | Not measurably different |
| Minier | 4.9 mi | $1,332 (±$97) | Higher |
| Little Mackinaw Township | 5.5 mi | $1,390 (±$103) | Higher |
| Dale Township | 6.2 mi | $1,743 (±$631) | Not measurably different |
| Mount Hope Township | 6.8 mi | $1,359 (±$112) | Higher |
| Twin Grove | 7.1 mi | $2,000 (±$329) | Higher |
| Danvers | 7.2 mi | $1,642 (±$178) | Higher |
| Danvers Township | 7.7 mi | $1,755 (±$127) | Higher |
Nearby places with a measurably higher figure: Minier, IL ($1,332), Little Mackinaw Township, IL ($1,390), Mount Hope Township, IL ($1,359).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median monthly cost with a mortgage across McLean County, place by place
| Rank | Place | Median monthly cost with a mortgage |
|---|---|---|
| 37 | Chenoa Township | $1,246 (±$126) |
| 38 | Carlock | $1,229 (±$126) |
| 39 | Allin Township | $1,197 (±$127) |
| 40 | Cooksville | $1,194 (±$353) |
| 41 | Ellsworth | $1,192 (±$138) |
| 42 | Cheney's Grove Township | $1,167 (±$189) |
| 43 | Stanford | $1,161 (±$55) |
| 44 | Anchor | $1,159 (±$87) |
| 45 | Anchor Township | $1,153 (±$67) |
| 46 | Arrowsmith Township | $1,151 (±$68) |
| 47 | Bellflower | $1,147 (±$88) |
| 48 | Bellflower Township | $1,140 (±$62) |
| 49 | Arrowsmith | $1,108 (±$62) |
Showing 13 of 50 places in McLean County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
What you can do on Seayora in Stanford
One account for renting, owning, managing and fixing homes, with these figures beside you.
Own or manage a rental?
List it, sign the lease and collect rent online, with the figures for Stanford beside you.
Create a landlord account · See what landlords get
Looking for a place to rent?
Browse homes for rent near Stanford, save the ones you like and apply online.
Browse rentals · Create a renter account
Do repairs, renovations or maintenance?
Get found by owners and renters near Stanford, and send estimates and invoices from your phone.
Questions about Stanford
What is the average mortgage payment in Stanford?
The Census Bureau publishes total owner costs rather than the mortgage alone: the median for owners with a mortgage in Stanford, IL is $1,161 (±$55) a month, including taxes, insurance and utilities.
How much does it cost to own a paid-off home in Stanford?
Owners without a mortgage in Stanford pay a median of $575 (±$129) a month in taxes, insurance, utilities and fees.
Has the cost of owning a home in Stanford gone up?
In Stanford, the median monthly cost with a mortgage went from $1,156 in 2015–2019 to $1,161 in 2020–2024 (+0.4%).
Prices (CPI-U) rose 22.7% over the same years, so it rose more slowly than prices: a measurable decrease after inflation.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Stanford village, Illinois
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Stanford village, Illinois
- Median Selected Monthly Owner Costs (B25088), 2015–2019 ACS 5-year estimates — Stanford village, Illinois
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2015–2019 ACS 5-year estimates — Stanford village, Illinois
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Stanford village, Illinois
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Stanford village, Illinois (place:72260, in state:17).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B25088_002E, B25088_002M, B25103_001E, B25103_001M, B25077_001E, B25077_001M from the 2019 release.
The API needs a free key.
DP04_0101E, DP04_0101M, DP04_0109E, DP04_0109M, DP04_0091PE, DP04_0091PM, B25103_001E, B25103_001M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
- Housing in Stanford at a glance
- Income and affordability in Stanford
- Home values in Stanford
- Property taxes in Stanford
- Types of homes in Stanford
- Bedrooms in Stanford
- Age of homes in Stanford
- Heating fuel in Stanford
- Commute and cars in Stanford
- Illinois landlord and tenant rules
- Housing across McLean County
- Housing data for every place in Illinois