Mortgage payment estimates, closing cost breakdowns, and homebuying data for Stamford, Connecticut.
Median Home Price
$650K
Population
135K
Avg Monthly Rent
$2,350
Property Tax Rate
2.15% *
* Property tax shown is the Connecticut state average effective rate. Actual rates vary by county, city, and school district — check with your local assessor for exact rates in Stamford.
Stamford vs Connecticut Median
The median home price in Stamford is $650,000, which is 60% above the Connecticut state median of $405,000.
Mortgage Calculator — Stamford, CT
Pre-filled with Stamford median home price and Connecticut tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $650K home using Connecticut's 2.15% tax rate and $2,100/yr insurance.
5% Down
$5,603/mo
Down: $32,500
Loan: $618K
P&I: $3,903
Tax: $1,165
Insurance: $175
PMI: $360
10% Down
$5,378/mo
Down: $65,000
Loan: $585K
P&I: $3,698
Tax: $1,165
Insurance: $175
PMI: $341
20% Down (No PMI)
$4,626/mo
Down: $130,000
Loan: $520K
P&I: $3,287
Tax: $1,165
Insurance: $175
Income needed (28% rule): $198K/year with 20% down, $230K/year with 10% down.
Rent vs Buy in Stamford
Rent
$2,350/mo
vs
Buy (10% down)
$5,378/mo
Price-to-rent ratio: 23.0 — At a ratio above 20, renting may be more economical in Stamford for shorter stays. Buying costs $3,028 more per month than renting, and it typically takes 5-7 years to break even on the transaction costs of buying.
The median home price in Stamford is $650,000, 60% above the Connecticut state median of $405,000. With a population of 135,470, Stamford is a mid-size city where home prices reflect strong demand and local economic factors.
Property taxes in Connecticut average 2.15% annually. This higher-than-average tax rate means a $650,000 home in Stamford would carry roughly $1,165/month in property taxes alone — plan accordingly. Homeowners insurance in Connecticut runs approximately $2,100 per year. This is within the normal range nationally.
Average rent in Stamford is $2,350/month. With a price-to-rent ratio above 20, renting could be more economical in the short term — use our Rent vs Buy calculator to model your specific timeline.
Stamford is a higher-cost market. At $650K median, buyers need significant savings or strong income. Down payment assistance through Connecticut's CHFA Homebuyer Mortgage program becomes especially important.
Run a Rent vs Buy analysis
Compare total costs of renting vs buying in Stamford.