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 12,953, 4,387 total housing units (homes and apartments), and a median house value of $531,657, real estate costs in Sandy are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Oregon communities.
Single-family detached homes are the single most common housing type in Sandy, accounting for 75.29% of the city's housing units. Other types of housing that are prevalent in Sandy include large apartment complexes or high rise apartments ( 12.05%), row houses and other attached homes ( 6.52%), and a few mobile homes or trailers ( 3.23%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Sandy. Owner-occupied housing accounts for 76.60% of Sandy's homes, and 79.02% have either three or four bedrooms, which is average sized relative to America.
Sandy homes and real estate are some of the newest in America. 54.83% of Sandy's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Sandy real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 34.58%), and before 1939 ( 5.62%). There's also some housing in Sandy built between 1940-1969 ( 4.97%).
In the last 10 years, Sandy has experienced some of the highest home appreciation rates of any community in the nation. Sandy real estate appreciated 117.19% over the last ten years, which is an average annual home appreciation rate of 8.06%, putting Sandy in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Sandy 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, Sandy appreciation rates have trailed the rest of the nation. In the last twelve months, Sandy's appreciation rate has been -0.64%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Sandy were at -1.91%, which equates to an annual appreciation rate of -7.41%.
Notably, Sandy's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Oregon, our data show that Sandy's latest annual appreciation rate is lower than 70% of the other cities and towns in Oregon.
$531,657
for Oregon
for nation
4,387
$2,192 / per month