Sanford, MI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Sanford, MI Real Estate Data


Sanford Housing Market Information

With 849 people, 421 houses or apartments, and a median cost of homes of $147,073, 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 81.29% of the village's housing units. Other types of housing that are prevalent in Sanford include duplexes, homes converted to apartments or other small apartment buildings ( 9.03%), mobile homes or trailers ( 8.17%).

Dwellings in Sanford tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 50.11% of the homes in Sanford have two or fewer bedrooms.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Sanford's housing was primarily built during this period, from the '40s through the '60s. A full 44.52% of the village's housing hails from this era. Other housing ages represented in Sanford include homes built between 1970-1999 ( 43.87%) and housing constructed before 1939 ( 6.02%). There's also some housing in Sanford built between 2000 and later ( 5.59%).

Sanford Home Appreciation Rates

Real estate appreciation rates in Sanford's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.22% during the period.

Over the last year, Sanford appreciation rates have trailed the rest of the nation. In the last twelve months, Sanford's appreciation rate has been 2.07%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Sanford were at -1.70%, which equates to an annual appreciation rate of -6.63%.

Notably, Sanford's appreciation rate in the latest quarter is one of the lowest in America.

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

Average Home Values

 

Median Home Value:
$147,073

Sanford, MI HOME PRICES

Value Range
> $1,068,000 0.0
$801,001 - $1,068,000 0.0
$534,001 - $801,000 2.1
$427,001 - $534,000 0.6
$321,001 - $427,000 3.9
$214,001 - $321,000 17.8
$107,001 - $214,000 45.4
$53,001 - $107,000 20.8
$0 - $53,000 9.4

High for MI
Average for Nation

Value Relative to Nation Value Relative to State
50.9082386030704 37.8205128205128

Number Of Homes And Apartments:
421

Rent & Ownership

 

Average Market Rent:
$793 / per month

Homeownership Rate

Homeownership
Owners 68.41
Renters 31.59
Vacant 9.46

Housing Market Details

 

Age of Homes

AGE OF Sanford HOMES
2000 or Newer 5.6
1970 - 1999 43.9
1940 - 1969 44.5
1939 or Older 6.0

Types of Homes

TYPE OF Sanford HOMES
Single-Family 81.3
Townhomes 0.9
Small Apt. Buildings 9.0
Apt. Complexes 0.6
Mobile Homes 8.2
Other 0.0

Home Size

SIZE OF Sanford HOMES
No Bedroom 0.43
1 Bedroom 9.46
2 Bedrooms 40.22
3 Bedrooms 39.14
4 Bedrooms 7.10
5 or more bedrooms 3.66

Sanford Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MI*
Compared To
America*
Latest Quarter:
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
Since 2000:
2000 Q1 - 2016 Q4
18.10% 0.97% 8 2
* 10 is highest

Popular Neighborhoods in Sanford

Zip Codes in Sanford, MI