Sanford, MI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Sanford, MI 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 849, 421 total housing units (homes and apartments), and a median house value of $143,963, 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 -0.41% 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 -0.63%, 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 -2.35%, which equates to an annual appreciation rate of -9.08%.

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 90% of the other cities and towns in Michigan.

Average Home Values

 

Median Home Value:
$143,963

Sanford, MI HOME PRICES

Value Range
> $1,046,000 0.0
$784,001 - $1,046,000 0.0
$523,001 - $784,000 2.1
$418,001 - $523,000 0.6
$314,001 - $418,000 3.9
$209,001 - $314,000 17.8
$105,001 - $209,000 45.4
$52,001 - $105,000 20.8
$0 - $52,000 9.4

Average for MI
Average for Nation

Value Relative to Nation Value Relative to State
52.7657330364467 40.224358974359

Number Of Homes And Apartments:
421

Sanford Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MI*
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
15.56% 0.84% 7 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$790 / 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

Popular Neighborhoods in Sanford

Zip Codes in Sanford, MI