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 31,224 people, 10,863 houses or apartments, and a median cost of homes of $276,531, Sanford real estate and house prices are near the national average for all cities and towns.
Single-family detached homes are the single most common housing type in Sanford, accounting for 62.37% of the city's housing units. Other types of housing that are prevalent in Sanford include large apartment complexes or high rise apartments ( 17.30%), duplexes, homes converted to apartments or other small apartment buildings ( 14.53%), and a few mobile homes or trailers ( 4.59%).
The most prevalent building size and type in Sanford are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 49.81% owning and 50.19% renting.
There is a lot of housing in Sanford built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Sanford built between 2000 and later ( 30.70%). A lesser amount of the housing stock also hails from between 1940-1969 ( 24.22%). There's also some housing in Sanford built before 1939 ( 3.72%).
Appreciation rates for homes in Sanford have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 109.58%, which ranks in the top 30% nationwide. This equates to an annual average Sanford house appreciation rate of 7.68%.
NeighborhoodScout's data show that during the latest twelve months, Sanford's appreciation rate, at 7.82%, has been at or slightly above the national average. In the latest quarter, Sanford's appreciation rate has been 1.46%, which annualizes to a rate of 5.95%.
Relative to North Carolina, our data show that Sanford's latest annual appreciation rate is higher than 60% of the other cities and towns in North Carolina.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Sanford differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Sanford - 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 Sanford real estate investment or home purchase decisions.
$276,531
for North carolina
for nation
10,863
$1,545 / per month