Sanford appreciation rates and housing market information

Sanford housing market information

With 20,806 people, 8,807 houses or apartments, and a median cost of homes of $194,137, Sanford real estate prices are well above average cost compared to national prices.

single-family detached homes are the single most common housing type in Sanford, accounting for 58.48% of the town's housing units. Other types of housing that are prevalent in Sanford include duplexes, homes converted to apartments, or other small apartment buildings (22.44%), large apartment complexes or high rise apartments (10.11%), mobile homes or trailers (7.04%), and a few row houses and other attached homes (1.87%).

The most prevalent building size and type in Sanford are three and four bedroom single-family detached homes. The town has a mixture of owners and renters, with 59.66% owning, and 34.25% renting.

There is a lot of housing in Sanford built from 1970-1994, 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 from 1939 and earlier (29.00%). A lesser amount of the housing stock also hails from 1940-1969 (26.57%), and some were built from 1995 and later (26.57%).

Sanford home appreciation rates

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 82.42%, which ranks in the top 40% nationwide. This equates to an annual average Sanford house appreciation rate of 8.24%.

Over the last year, Sanford appreciation rates have trailed the rest of the nation. In the last twelve months, Sanford's appreciation rate has been -4.64%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Sanford were at -0.15%, which equates to an annual appreciation rate of -0.60%.

Relative to Maine, our data show that Sanford's latest annual appreciation rate is higher than 2% of the other cities and towns in Maine.