Sanborn, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Sanborn Neighborhoods Since 2000




Sanborn, NY 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

Sanborn Housing Market Information

With 1,633 people, 576 houses or apartments, and a median cost of homes of $176,407, Sanborn real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Sanborn, accounting for 79.16% of the town's housing units. Other types of housing that are prevalent in Sanborn include duplexes, homes converted to apartments or other small apartment buildings ( 8.97%), large apartment complexes or high rise apartments ( 8.54%), and a few row houses and other attached homes ( 1.74%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Sanborn. Owner-occupied housing accounts for 76.64% of Sanborn's homes, and 66.57% have either three or four bedrooms, which is average sized relative to America.

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. Sanborn's housing was primarily built during this period, from the '40s through the '60s. A full 35.31% of the town's housing hails from this era. Other housing ages represented in Sanborn include homes built before 1939 ( 30.68%) and housing constructed between 1970-1999 ( 28.36%). There's also some housing in Sanborn built between 2000 and later ( 5.64%).

Vacant housing appears to be an issue in Sanborn. Fully 16.64% of the housing stock is classified as vacant. Left unchecked, vacant Sanborn homes and apartments can be a drag on the real estate market, holding Sanborn 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.

Sanborn Home Appreciation Rates

In the last 10 years, Sanborn has experienced some of the highest home appreciation rates of any community in the nation. Sanborn real estate appreciated 18.92% over the last ten years, which is an average annual home appreciation rate of 1.75%, putting Sanborn in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Sanborn definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Sanborn's appreciation rate, at 4.33%, has been at or slightly above the national average. In the latest quarter, Sanborn's appreciation rate has been -0.40%, which annualizes to a rate of -1.57%.

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

Average Home Values

 

Median Home Value:
$176,407

Sanborn, NY HOME PRICES

Value Range
> $1,100,000 1.2
$825,001 - $1,100,000 0.1
$550,001 - $825,000 1.9
$440,001 - $550,000 1.0
$330,001 - $440,000 3.4
$220,001 - $330,000 16.2
$110,001 - $220,000 55.9
$55,001 - $110,000 17.0
$0 - $55,000 3.4

Average for NY
High for Nation

Value Relative to Nation Value Relative to State
39.4234149771475 49.9438832772166

Number Of Homes And Apartments:
576

Sanborn Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NY*
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
52.72% 2.49% 5 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$825 / per month

Homeownership Rate

Homeownership
Owners 76.64
Renters 23.36
Vacant 16.64

Housing Market Details

 

Age of Homes

AGE OF Sanborn HOMES
2000 or Newer 5.6
1970 - 1999 28.4
1940 - 1969 35.3
1939 or Older 30.7

Types of Homes

TYPE OF Sanborn HOMES
Single-Family 79.2
Townhomes 1.7
Small Apt. Buildings 9.0
Apt. Complexes 8.5
Mobile Homes 1.6
Other 0.0

Home Size

SIZE OF Sanborn HOMES
No Bedroom 0.00
1 Bedroom 3.18
2 Bedrooms 28.65
3 Bedrooms 55.57
4 Bedrooms 11.00
5 or more bedrooms 1.59