Stanford, a city within Lincoln County, Kentucky, offers a wide range of benefits to those who own homes there. For starters, the area has some of the most affordable housing in the state, making it a great option for those looking for an affordable home. Additionally, Stanford is close to several large cities, such as Lexington and Louisville, meaning that residents can benefit from the convenience of having access to larger cities while still maintaining their small-town lifestyle.

On the downside, Stanford is prone to flooding due to its location near several rivers. As such, homeowners must be prepared to deal with the consequences of flooding in the event of heavy rains or a storm.