Sandy, OR
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Sandy Neighborhoods Since 2000




Sandy, OR Real Estate Data


Sandy Housing Market Information

With a population of 10,644, 3,813 total housing units (homes and apartments), and a median house value of $291,723, Sandy real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Sandy, accounting for 71.33% of the city's housing units. Other types of housing that are prevalent in Sandy include large apartment complexes or high rise apartments ( 11.59%), duplexes, homes converted to apartments or other small apartment buildings ( 6.26%), and a few mobile homes or trailers ( 5.90%).

The most prevalent building size and type in Sandy are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 62.39% owning and 37.61% renting.

Sandy homes and real estate are some of the newest in America. 42.61% of Sandy's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Sandy real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 40.91%), and between 1940-1969 ( 14.32%). There's also some housing in Sandy built before 1939 ( 2.16%).

Sandy Home Appreciation Rates

Appreciation rates for homes in Sandy have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 5.49%, which ranks in the top 50% nationwide. This equates to an annual average Sandy house appreciation rate of 0.54%.

Appreciation rates are so strong in Sandy that despite a nationwide downturn in the housing market, Sandy real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Sandy appreciation rates continue to be some of the highest in America, at 9.12%, which is higher than appreciation rates in 95.92% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Sandy. Sandy appreciation rates in the latest quarter were at 4.15%, which equates to an annual appreciation rate of 17.68%.

Importantly, this makes Sandy one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

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

Average Home Values

 

Median Home Value:
$291,723

Sandy, OR HOME PRICES

Value Range
> $1,357,000 0.0
$1,018,001 - $1,357,000 1.7
$679,001 - $1,018,000 1.7
$543,001 - $679,000 3.1
$407,001 - $543,000 12.0
$272,001 - $407,000 39.4
$136,001 - $272,000 34.0
$68,001 - $136,000 0.8
$0 - $68,000 7.3

Average for OR
Very High for Nation

Value Relative to Nation Value Relative to State
17.6846050243017 41.0628019323672

Number Of Homes And Apartments:
3,813

Rent & Ownership

 

Average Market Rent:
$1,521 / per month

Homeownership Rate

Homeownership
Owners 62.39
Renters 37.61
Vacant 8.52

Housing Market Details

 

Age of Homes

AGE OF Sandy HOMES
2000 or Newer 42.6
1970 - 1999 40.9
1940 - 1969 14.3
1939 or Older 2.2

Types of Homes

TYPE OF Sandy HOMES
Single-Family 71.3
Townhomes 4.9
Small Apt. Buildings 6.3
Apt. Complexes 11.6
Mobile Homes 5.9
Other 0.0

Home Size

SIZE OF Sandy HOMES
No Bedroom 2.02
1 Bedroom 5.28
2 Bedrooms 17.35
3 Bedrooms 59.60
4 Bedrooms 13.94
5 or more bedrooms 1.82

Sandy Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OR*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
59.20% 2.77% 4 7
* 10 is highest