Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 26,600, 7,269 total housing units (homes and apartments), and a median house value of $396,986, Sanger real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Sanger, accounting for 80.27% of the city's housing units. Other types of housing that are prevalent in Sanger include duplexes, homes converted to apartments or other small apartment buildings ( 10.27%), large apartment complexes or high rise apartments ( 4.47%), and a few mobile homes or trailers ( 2.52%).
The most prevalent building size and type in Sanger are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 60.74% owning and 39.26% renting.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Sanger's housing was primarily built during this period, from the '40s through the '60s. A full 31.30% of the city's housing hails from this era. Other housing ages represented in Sanger include homes built between 2000 and later ( 30.74%) and housing constructed between 1970-1999 ( 29.74%). There's also some housing in Sanger built before 1939 ( 8.22%).
In the last 10 years, Sanger has experienced some of the highest home appreciation rates of any community in the nation. Sanger real estate appreciated 119.32% over the last ten years, which is an average annual home appreciation rate of 8.17%, putting Sanger in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Sanger definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Over the last year, Sanger appreciation rates have trailed the rest of the nation. In the last twelve months, Sanger's appreciation rate has been 0.75%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Sanger were at 1.59%, which equates to an annual appreciation rate of 6.53%.
Relative to California, our data show that Sanger's latest annual appreciation rate is lower than 80% of the other cities and towns in California.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Sanger differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Sanger - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Sanger real estate investment or home purchase decisions.
$396,986
for California
for nation
7,269
$1,618 / per month