The housing market in Stanford, CA is very strong. The median value of a house in Stanford is nearly eight times the US median value, at $2,668,000 compared to $338,100. The appreciation rate of housing in Stanford is also much higher than the US average. Over the last year, the US house appreciation rate was 8.27%, while Stanford saw a 13.07% appreciation rate for houses over the same period of time. This speaks to the strength and desirability of owning property in this area. Investing in housing in Stanford can provide excellent returns and financial stability due to its desirable location and booming market.
The median home cost in Stanford is $2,668,000. Home appreciation the last 10 years has been 73.2%. Home Appreciation in Stanford is up 23.8%.
Average Age of Homes
- The median age of Stanford real estate is 31 years old
The Rental Market in Stanford
- Renters make up 68.9% of the Stanford population
- 6.4% of houses and apartments in Stanford, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.