Sanford, FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Sanford Neighborhoods Since 2000




Sanford, FL Real Estate Data


Sanford Housing Market Information

With a population of 58,111, 18,267 total housing units (homes and apartments), and a median house value of $145,670, 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 51.06% of the city's housing units. Other types of housing that are prevalent in Sanford include large apartment complexes or high rise apartments ( 30.80%), row houses and other attached homes ( 12.14%), and a few mobile homes or trailers ( 3.01%).

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 55.11% owning and 44.89% 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 ( 32.33%). A lesser amount of the housing stock also hails from between 1940-1969 ( 17.08%). There's also some housing in Sanford built before 1939 ( 5.59%).

Vacant housing appears to be an issue in Sanford. Fully 27.86% of the housing stock is classified as vacant. Left unchecked, vacant Sanford homes and apartments can be a drag on the real estate market, holding Sanford real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Sanford Home Appreciation Rates

Homes have actually lost value in Sanford over the last then years, as home values have seen a decline of 32.64% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Sanford home appreciation rates at 2.25%, which equates to an annual appreciation rate of 9.33%.

Appreciation rates are so strong in Sanford that despite a nationwide downturn in the housing market, Sanford real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Sanford appreciation rates continue to be some of the highest in America, at 8.53%, which is higher than appreciation rates in 94.00% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Sanford. Sanford appreciation rates in the latest quarter were at 2.25%, which equates to an annual appreciation rate of 9.33%.

Relative to Florida, our data show that Sanford's latest annual appreciation rate is lower than 60% of the other cities and towns in Florida.

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.

Average Home Values

 

Median Home Value:
$145,670

Sanford, FL HOME PRICES

Value Range
> $1,344,000 0.5
$1,008,001 - $1,344,000 0.2
$672,001 - $1,008,000 0.6
$537,001 - $672,000 0.6
$403,001 - $537,000 2.0
$269,001 - $403,000 8.4
$134,001 - $269,000 42.2
$67,001 - $134,000 32.3
$0 - $67,000 13.2

Low for FL
Average for Nation

Value Relative to Nation Value Relative to State
52.8957076769924 72.4358974358974

Number Of Homes And Apartments:
18,267

Rent & Ownership

 

Average Market Rent:
$1,234 / per month

Homeownership Rate

Homeownership
Owners 55.11
Renters 44.89
Vacant 27.86

Housing Market Details

 

Age of Homes

AGE OF Sanford HOMES
2000 or Newer 32.3
1970 - 1999 45.0
1940 - 1969 17.1
1939 or Older 5.6

Types of Homes

TYPE OF Sanford HOMES
Single-Family 51.1
Townhomes 12.1
Small Apt. Buildings 3.0
Apt. Complexes 30.8
Mobile Homes 3.0
Other 0.0

Home Size

SIZE OF Sanford HOMES
No Bedroom 0.56
1 Bedroom 17.83
2 Bedrooms 29.10
3 Bedrooms 39.97
4 Bedrooms 11.54
5 or more bedrooms 1.00

Sanford Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
FL*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
39.64% 1.98% 2 5
* 10 is highest