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Stanford

Stanford

Located in Lincoln County

$217,665 Average Value
$126 Average Price per Sq Ft
11 Homes For Sale

Cattle farms surround Stanford, a rural area in horse country

Stanford is a rural, agricultural community with rolling hills in Kentucky’s horse country region. “The lay of the land really lends itself well to pastures for cattle, [and] there is flatter land around you can do crops on,” says Kim Hurst, the owner and a broker at Kentucky Properties Realty Group, with over 26 years of experience. “It’s not as close to the big city of Lexington, so housing and land prices are a little better. It’s that slow Mayberry type of atmosphere. We get a lot of out-of-state people who love to come to these small towns, and our farmland is relatively cheap if you’re coming from the West. In this area, many people have over a half-acre to multiple acres.”

Local farm contributions, a downtown district and national chains

Downtown’s Main Street has many historic Italianate-style brick buildings home to local shops, ranging from Kentucky Soaps & Such to the Morgan’s on Main boutique. Local restaurants in the area include Mama Devechio’s Pizzeria. Bluebird serves southern dishes and partners with local farmers to incorporate locally sourced ingredients in its food. Durham’s Grocery is an independent store on Lancaster Street. A Walmart and fast food restaurant chains are in Stanford’s northern region near U.S. Highway.

Blue Grass South Stockyards hosts cattle sales every Monday and Thursday morning, and it has additional cow sales on the third Friday of every month. “With the beef industry around there, there are so many places to go to and get fresh beef. Many people will get half a cow processed, so they’re not always going to chain grocery stores to get their beef,” Hurst says. CoveyChase Farm Company on US-27 has a wait list for its half-cow orders. It also sells freezer grass-fed lamb and pastured chickens.

Homes vary from historic to ranch-style homes in subdivisions

Minimal Traditional homes and bilevels with Colonial Revival influence are common, and many predate 1980. Some of these homes are over a century old, and depending on factors like their condition and size, prices range from about $30,000 to $320,000. Some multi-story historic homes can go up to about $500,000. Many ranch-style homes and contemporary farmhouses were erected from 1980 onward, some in subdivisions. These more recent builds have prices between about $110,000 and $460,000. Many homes have properties that span a half acre up to 5 acres. “There are restrictions on the developments, and typically, you can't have a horse on an acre, but 5-acre tracks, there are usually horses, and in the rural areas, there are no restrictions on those, so we do see one acre with horses,” Hurst says.

Flooding is a regional concern, and homebuyers are advised to research their flood zone and get proper insurance.

Ball fields and fishing to disc golf and the Dix River Golf Course

First Southern Veteran’s Park on U.S. Highway 150 has a walking path that loops around its soccer complex and baseball fields. Recreational leagues use these facilities for practices and games. About 6 miles from central Stanford, Logan Hubble Park spans 400 acres with a 12-acre fishing lake, a disc golf course and a playground. Some paths wind through the park’s nature preserve, and others are bike- and horse-friendly. Dix River Golf Course is a public 18-hole course in the region. Bass fishing is popular at Cedar Creek Lake, about a 10-mile drive away.

Learning in Lincoln County Schools and high school sports

Lincoln County Schools district serves Stanford and allows out-of-district students to transfer into the district’s schools. Some residences are in the Stanford Elementary School attendance boundary. The school earns a B-minus from Niche. Lincoln County Middle School receives a C overall, and Lincoln County High School scores a C-plus. The high school has various sports teams, including those for archery and bass fishing.

A hospital and highways that tie the area to Danville and Lexington

Ephraim McDowell Fort Logan Hospital is at the intersection of US-150 and US-27 in Stanford’s northern region. US-150 connects the area to Danville, and US-27 leads to Lexington, about 45 miles away. Blue Grass Airport and Keeneland, a horse racing track, are at similar distances.

Lauren Melton
Written By
Lauren Melton

Interested in learning more about homes in this area? Reach out to Lindsay Rhodus, an experienced agent in this area.

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Stanford Housing Trends

Housing Trends

Median List Price
$222,450
Median Sale Price
$191,500
Median Single Family Sale Price
$199,950
Median Townhouse Sale Price
$212,000
Median Change From 1st List Price
7%
Last 12 months Home Sales
68
Median Home Sale Price YoY Change
4%
Average Price Per Sq Ft
$126

Area Facts

Number of Homes
1,449
Number of Homes for Sale
11
Median Year Built
1996
Months of Supply
1.90
Average Single Family Home Size Sq Ft
1,819
Below the national average
1,926
Average Townhouse Size Sq Ft
2,958
Median Lot Size Sq Ft
18,948

Homes for Sale

Distribution of Home Values

Source: Public Records

Average Home Value





Source: Public Records

Property Mix - Square Feet

Stanford Has More Owners

Demographics

Total Population
3,297
Median Age
44
Population under 18
22.9%
On par with the national average
23.8%
Population over 65
22%
On par with the national average
19.1%

Finances

Median Household Income
$40,673
Significantly below the national average
$71,702
Average Household Income
$58,991

Education and Workforce

High School Graduates
85.4%
College Graduates
15%
Below the national average
34.1%
Advanced Degrees
5.8%
% Population in Labor Force
55.5%
Below the national average
65.1%

Weather

Annual Precipitation
48''
Average Winter Low Temperature
23°F
Average Summer High Temperature
86°F
Annual Snowfall
6''

Area Factors

Somewhat Bikeable

Bike Score®®

34 / 100

Car-Dependent

Walk Score®®

45 / 100
Source: Walk Score
Source: Walk Score

Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address. CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Stanford