Sandpoint, ID
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Sandpoint Neighborhoods Since 2000




Sandpoint, ID 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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

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

Sandpoint Housing Market Information

With 7,835 people, 3,362 houses or apartments, and a median cost of homes of $288,297, Sandpoint real estate is some of the most expensive in Idaho, although Sandpoint home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Sandpoint, accounting for 50.75% of the city's housing units. Other types of housing that are prevalent in Sandpoint include large apartment complexes or high rise apartments ( 26.76%), duplexes, homes converted to apartments or other small apartment buildings ( 11.27%), and a few row houses and other attached homes ( 6.84%).

People in Sandpoint primarily live in small (one, two or no bedroom) single-family detached homes. Sandpoint has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Sandpoint 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 Sandpoint built between 2000 and later ( 20.34%). A lesser amount of the housing stock also hails from before 1939 ( 20.31%). There's also some housing in Sandpoint built between 1940-1969 ( 14.91%).

Vacant housing appears to be an issue in Sandpoint. Fully 11.87% of the housing stock is classified as vacant. Left unchecked, vacant Sandpoint homes and apartments can be a drag on the real estate market, holding Sandpoint 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.

Sandpoint Home Appreciation Rates

Sandpoint's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Sandpoint during the period has been just -1.93%, which is lower than 80% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Sandpoint's appreciation rate, at 5.50%, has been at or slightly above the national average. In the latest quarter, Sandpoint's appreciation rate has been 0.51%, which annualizes to a rate of 2.04%.

Relative to Idaho, our data show that Sandpoint's latest annual appreciation rate is lower than 50% of the other cities and towns in Idaho.

Average Home Values

 

Median Home Value:
$288,297

Sandpoint, ID HOME PRICES

Value Range
> $1,177,000 0.3
$883,001 - $1,177,000 1.2
$588,001 - $883,000 4.6
$471,001 - $588,000 3.7
$353,001 - $471,000 11.6
$235,001 - $353,000 25.2
$118,001 - $235,000 40.4
$59,001 - $118,000 8.1
$0 - $59,000 4.9

Very High for ID
Very High for Nation

Value Relative to Nation Value Relative to State
17.4821282081331 10.1626016260163

Number Of Homes And Apartments:
3,362

Sandpoint Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
ID*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
66.08% 2.98% 7 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$879 / per month

Homeownership Rate

Homeownership
Owners 45.01
Renters 54.99
Vacant 11.87

Housing Market Details

 

Age of Homes

AGE OF Sandpoint HOMES
2000 or Newer 20.3
1970 - 1999 44.4
1940 - 1969 14.9
1939 or Older 20.3

Types of Homes

TYPE OF Sandpoint HOMES
Single-Family 50.7
Townhomes 6.8
Small Apt. Buildings 11.3
Apt. Complexes 26.8
Mobile Homes 4.4
Other 0.0

Home Size

SIZE OF Sandpoint HOMES
No Bedroom 6.06
1 Bedroom 16.38
2 Bedrooms 33.11
3 Bedrooms 36.25
4 Bedrooms 6.45
5 or more bedrooms 1.76

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Zip Codes in Sandpoint, ID