Sanford, ME


Highest Appreciating Sanford Neighborhoods Since 2000

Sanford, ME 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

Sanford Housing Market Information

With a population of 20,836, 8,485 total housing units (homes and apartments), and a median house value of $186,195, 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 57.14% 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 ( 23.05%), large apartment complexes or high rise apartments ( 12.19%), and a few mobile homes or trailers ( 6.42%).

The most prevalent building size and type in Sanford are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 63.08% owning and 36.92% 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 before 1939 ( 28.54%). A lesser amount of the housing stock also hails from between 1940-1969 ( 19.84%). There's also some housing in Sanford built between 2000 and later ( 12.12%).

Vacant housing appears to be an issue in Sanford. Fully 11.79% 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

Sanford's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Sanford during the period has been just -2.01%, which is lower than 80% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Sanford's appreciation rate, at 5.31%, has been at or slightly above the national average. In the latest quarter, Sanford's appreciation rate has been 0.64%, which annualizes to a rate of 2.56%.

Relative to Maine, our data show that Sanford's latest annual appreciation rate is higher than 70% of the other cities and towns in Maine.

One very important thing to keep in mind is that these are average appreciation rates for the town. 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:


Value Range
> $1,115,000 0.4
$837,001 - $1,115,000 0.0
$558,001 - $837,000 0.6
$446,001 - $558,000 0.6
$335,001 - $446,000 5.9
$223,001 - $335,000 23.3
$112,001 - $223,000 53.7
$56,001 - $112,000 9.6
$0 - $56,000 5.9

High for ME
High for Nation

Value Relative to Nation Value Relative to State
35.9779678893707 39.7540983606557

Number Of Homes And Apartments:

Sanford Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
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
39.26% 1.94% 2 5
* 10 is highest

Rent & Ownership


Average Market Rent:
$972 / per month

Homeownership Rate

Owners 63.08
Renters 36.92
Vacant 11.79

Housing Market Details


Age of Homes

2000 or Newer 12.1
1970 - 1999 39.5
1940 - 1969 19.8
1939 or Older 28.5

Types of Homes

Single-Family 57.1
Townhomes 1.0
Small Apt. Buildings 23.0
Apt. Complexes 12.2
Mobile Homes 6.4
Other 0.2

Home Size

No Bedroom 1.83
1 Bedroom 11.73
2 Bedrooms 32.72
3 Bedrooms 37.54
4 Bedrooms 13.51
5 or more bedrooms 2.67