From January through December of 2017, there were 10 homes sold, with a median sale price of $43,000 - a 59.3% increase over the $27,000 median sale price for the previous year. There were 13 homes sold in Stanford in 2016.
The median sales tax in Stanford for 2017 was $1,947. In 2016, the median sales tax was $2,008. This marks an decrease of 3%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 4.5%.
The following table compares Stanford to other McLean County cities with similar median sales prices in 2017:
| City | Jan. - Dec. 2017 Home Sales | Jan. - Dec. 2016 Home Sales | % change (Total Home Sales) | Jan. - Dec. 2017 Median Sales Price | Jan. - Dec. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Colfax | 15 | 16 | -6.3% | $128,490 | $54,950 | 133.8% |
| Lexington | 41 | 34 | 20.6% | $126,500 | $129,750 | -2.5% |
| Gridley | 26 | 22 | 18.2% | $121,400 | $115,250 | 5.3% |
| McLean | 14 | 16 | -12.5% | $110,500 | $89,000 | 24.2% |
| Arrowsmith | 12 | 8 | 50% | $92,450 | $112,250 | -17.6% |
| Le Roy | 59 | 75 | -21.3% | $92,000 | $107,500 | -14.4% |
| Chenoa | 24 | 26 | -7.7% | $90,250 | $76,500 | 18% |
| Bellflower | 8 | 7 | 14.3% | $83,000 | $70,000 | 18.6% |
| Anchor | 2 | 2 | 0% | $69,250 | $31,250 | 121.6% |
| Stanford | 10 | 13 | -23.1% | $43,000 | $27,000 | 59.3% |
| Saybrook | 8 | 8 | 0% | $33,250 | $63,500 | -47.6% |
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