Sanborn, NY Real Estate Market

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Sanborn, NY Housing Market Trends

With a population of 1,633, 499 total housing units (homes and apartments), and a median house value of $236,152, Sanborn real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Sanborn, accounting for 64.06% of the town's housing units. Other types of housing that are prevalent in Sanborn include duplexes, homes converted to apartments or other small apartment buildings ( 26.56%), large apartment complexes or high rise apartments ( 9.38%).

The most prevalent building size and type in Sanborn are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 60.48% owning and 39.52% 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. Sanborn's housing was primarily built during this period, from the '40s through the '60s. A full 46.29% of the town's housing hails from this era. Other housing ages represented in Sanborn include homes built before 1939 ( 30.08%) and housing constructed between 1970-1999 ( 16.02%). There's also some housing in Sanborn built between 2000 and later ( 7.62%).

Sanborn Home Appreciation Rates

Appreciation rates for homes in Sanborn have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 67.04%, which ranks in the top 30% nationwide. This equates to an annual average Sanborn house appreciation rate of 5.26%.

Appreciation rates are so strong in Sanborn that despite a nationwide downturn in the housing market, Sanborn real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Sanborn appreciation rates continue to be some of the highest in America, at 13.73%, which is higher than appreciation rates in 92.11% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Sanborn. Sanborn appreciation rates in the latest quarter were at 4.07%, which equates to an annual appreciation rate of 17.31%.

Importantly, this makes Sanborn one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.

Relative to New York, our data show that Sanborn's latest annual appreciation rate is higher than 80% of the other cities and towns in New York.

Average Home Values

 

Median Home Value:
$236,152

Sanborn, NY HOME PRICES

> $1,362,000
0.5%
0.5%
$1,022,001 - $1,362,000
0.0%
0.0%
$681,001 - $1,022,000
2.0%
2.0%
$545,001 - $681,000
1.8%
1.8%
$409,001 - $545,000
4.2%
4.2%
$273,001 - $409,000
19.1%
19.1%
$136,001 - $273,000
56.7%
56.7%
$68,001 - $136,000
13.1%
13.1%
$0 - $68,000
2.6%
2.6%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

Average for NY

Value Relative To Nation

Number Of Homes And Apartments:
499

Sanborn Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NY*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
115.07% 3.63%
7
8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,160 / per month

Homeownership Rate

Owners
60.5%
60.5%
Renters
39.5%
39.5%
Vacant
2.5%
2.5%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
7.6%
7.6%
1970 - 1999
16.0%
16.0%
1940 - 1969
46.3%
46.3%
1939 or Older
30.1%
30.1%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
64.1%
64.1%
Townhomes
0.0%
0.0%
Small Apt. Buildings
26.6%
26.6%
Apt. Complexes
9.4%
9.4%
Mobile Homes
0.0%
0.0%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
3.1%
3.1%
1 Bedroom
9.4%
9.4%
2 Bedrooms
34.0%
34.0%
3 Bedrooms
47.1%
47.1%
4 Bedrooms
6.4%
6.4%
5 or more bedrooms
0.0%
0.0%
0.0% 100.0%
% OF HOMES