Sanford FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Sanford, FL Real Estate Data

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 Q4 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Sanford Housing Market Information

With 60,035 people, 20,874 houses or apartments, and a median cost of homes of $185,977, 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 50.48% of the city's housing units. Other types of housing that are prevalent in Sanford include large apartment complexes or high rise apartments ( 28.26%), row houses and other attached homes ( 13.15%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.58%).

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 49.54% owning and 50.46% 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 ( 31.59%). A lesser amount of the housing stock also hails from between 1940-1969 ( 15.22%). There's also some housing in Sanford built before 1939 ( 5.90%).

Vacant housing appears to be an issue in Sanford. Fully 16.49% 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

In the last 10 years, Sanford has experienced some of the highest home appreciation rates of any community in the nation. Sanford real estate appreciated 43.48% over the last ten years, which is an average annual home appreciation rate of 3.68%, putting Sanford in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Sanford definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

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 6.16%, which is higher than appreciation rates in 87.65% 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 1.49%, which equates to an annual appreciation rate of 6.09%.

Relative to Florida, our data show that Sanford's latest annual appreciation rate is higher than 70% 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:
$185,977

Sanford, FL HOME PRICES

Value Range
> $1,324,000 1.2
$993,001 - $1,324,000 0.3
$662,001 - $993,000 0.8
$529,001 - $662,000 0.7
$397,001 - $529,000 3.2
$265,001 - $397,000 14.3
$132,001 - $265,000 46.1
$66,001 - $132,000 22.8
$0 - $66,000 10.6

Low for FL
Average for Nation

Value Relative to Nation Value Relative to State
44.3386861313869 63.8297872340426

Number Of Homes And Apartments:
20,874

Sanford Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
FL*
Compared To
America*
Latest Quarter:
2019 Q3 - 2019 Q4
Last 12 Months:
2018 Q4 - 2019 Q4
Last 2 Years:
2017 Q4 - 2019 Q4
Last 5 Years:
2014 Q4 - 2019 Q4
Last 10 Years:
2009 Q4 - 2019 Q4
Since 2000:
2000 Q1 - 2019 Q4
92.94% 3.34%
3
8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,401 / per month

Homeownership Rate

Homeownership
Owners 49.54
Renters 50.46
Vacant 16.49

Housing Market Details

 

Age of Homes

AGE OF Sanford HOMES
2000 or Newer 31.6
1970 - 1999 47.3
1940 - 1969 15.2
1939 or Older 5.9

Types of Homes

TYPE OF Sanford HOMES
Single-Family 50.5
Townhomes 13.2
Small Apt. Buildings 4.6
Apt. Complexes 28.3
Mobile Homes 3.4
Other 0.1

Home Size

SIZE OF Sanford HOMES
No Bedroom 1.07
1 Bedroom 12.25
2 Bedrooms 32.46
3 Bedrooms 41.33
4 Bedrooms 11.35
5 or more bedrooms 1.54