Sanford, ME—04073
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Sanford, ME
As of Oct '25, the median home price in Sanford, ME is $365,000, with a year-over-year change of 0.8%. This indicates that home prices in Sanford, ME are flat. According to Zillow, the 1-year price projection is 2.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $365,000 | 0.8% |
| Single Family | $366,000 | 0.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $275,000 | -0.4% |
2 Bed | $322,000 | -0.3% |
3 Bed | $374,000 | 0.5% |
4 Bed | $394,000 | 0.5% |
| 5 Bed | $431,000 | 0.0% |
% of Housing Stock
Rental Trends — Sanford, ME
As of July '25, Rentcast reports the average rent in Sanford, ME is $1,740, with a year-over-year rent change of 3.6%. Per bedroom, the median rent as of July '25 in Sanford, ME is studios: $1,180, 1-bedrooms: $1,350, 2-bedrooms: $1,630, 3-bedrooms: $2,420. The most common rental property sizes in Sanford, ME are 2-bedroom and 1-bedroom, accounting for 40.5% and 30.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,700 | $1,740 |
| Studio Rent | $1,180 | $1,180 |
| 1 Bed Rent | $1,350 | $1,350 |
| 2 Bed Rent | $1,600 | $1,630 |
| 3 Bed Rent | $2,000 | $2,420 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Sanford, ME
As of Oct '25, Realtor.com reports that the median days on market for a home in Sanford, ME is 36. This is a decrease of -33.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 29.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $365,000 | 8.0% |
Listing Count | 55 | 4.0% |
| Listings as % of Homes | 0.2% | 4.0% |
Days on Market | 36 | -33.0% |
Demographics — Sanford, ME
As of the latest ACS Survey released in 2023, Sanford, ME has a population of 17,400, which has increased by 6.6% over the past 5 years. Sanford, ME is a moderately popular place for families, as children make up 21.9% of the population. The area has a poorly educated workforce, with 20.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 17,400 | 6.6% |
% Under 18 | 21.9% | -3.5% |
% Seniors | 18.7% | 12.0% |
% WFH | 10.0% | 138.1% |
% w/ College Degree | 20.7% | 11.9% |
As of the latest ACS Survey released in 2023, Sanford, ME is a predominantly white area, with 86.7% of the population identifying as white. The white population has shrunk by 6.8% in the last 5 years. The second most common race or ethnicity in Sanford, ME is asian, making up 2.5% of the population. Foreign-born residents account for 3.4% of the population in Sanford, ME, and this percentage has decreased by 17.1% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 86.7% | -6.8% |
% Black | 2.2% | 266.7% |
% Hispanic | 2.2% | 46.7% |
% Asian | 2.5% | -13.8% |
% Foreign Born | 3.4% | -17.1% |
Mortgage and Risk — Sanford, ME
According to HUD data as of 2023, there were 407 mortgage originations in Sanford, ME, of which 76.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in Sanford, ME. Investor activity is low, as 1.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 407 |
% Conventional Loans | 76.0% |
% Government Loans | 24.0% |
% Investor Loans | 1.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Sanford, ME
Sanford, ME lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 676 |
Total Units Section 8 | 676 |
% Rentals under Section 8 | 23.5% |
% Occupied Section 8 | 77.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$140 | $1,350 | $1,210 |
| 2 Bedroom | -$110 | $1,600 | $1,490 |
| 3 Bedroom | -$30 | $2,000 | $1,970 |
| 4 Bedroom | N/A | N/A | $2,170 |
Affordability — Sanford, ME
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.5 |
| Median Home Price | $365,000 |
| Median Household Income | $69,100 |