Sanford, FL—32771
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Sanford, FL
Home Price Trends — Sanford, FL
As of Oct '25, the median home price in Sanford, FL is $362,000, with a year-over-year change of -4.2%. This indicates that home prices in Sanford, FL are decreasing. According to Zillow, the 1-year price projection is 0.5%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $362,000 | -4.3% |
| Single Family | $368,000 | -4.2% |
| Condos | $251,000 | -7.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $146,000 | -9.9% |
2 Bed | $222,000 | -9.0% |
3 Bed | $329,000 | -4.9% |
4 Bed | $498,000 | -2.5% |
| 5 Bed | $691,000 | -1.8% |
% of Housing Stock
Rental Trends — Sanford, FL
As of July '25, Rentcast reports the average rent in Sanford, FL is $2,150, with a year-over-year rent change of -1.4%. Per bedroom, the median rent as of July '25 in Sanford, FL is studios: $1,600, 1-bedrooms: $1,410, 2-bedrooms: $1,790, 3-bedrooms: $2,200, 4-bedrooms: $2,650. The most common rental property sizes in Sanford, FL are 2-bedroom and 3-bedroom, accounting for 41.6% and 28.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,100 | $2,150 |
| Studio Rent | $1,500 | $1,600 |
| 1 Bed Rent | $1,410 | $1,410 |
| 2 Bed Rent | $1,620 | $1,790 |
| 3 Bed Rent | $2,210 | $2,200 |
| 4 Bed Rent | $2,600 | $2,650 |
% of Rental Stock
Property Listings — Sanford, FL
As of Oct '25, Realtor.com reports that the median days on market for a home in Sanford, FL is 76. This is a increase of 24.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 33.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $394,000 | -5.0% |
Listing Count | 300 | 3.0% |
| Listings as % of Homes | 0.9% | 3.0% |
Days on Market | 76 | 24.0% |
Demographics — Sanford, FL
As of the latest ACS Survey released in 2023, Sanford, FL has a population of 59,700, which has increased by 8.6% over the past 5 years. Sanford, FL is a moderately popular place for families, as children make up 22.6% of the population. The area has a moderately educated workforce, with 35.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 19.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 59,700 | 8.6% |
% Under 18 | 22.6% | -11.4% |
% Seniors | 14.8% | 22.3% |
% WFH | 19.5% | 170.8% |
% w/ College Degree | 35.3% | 13.9% |
As of the latest ACS Survey released in 2023, Sanford, FL is a predominantly white area, with 43.1% of the population identifying as white. The white population has shrunk by 13.1% in the last 5 years. The second most common race or ethnicity in Sanford, FL is black, making up 24.5% of the population. Foreign-born residents account for 17.9% of the population in Sanford, FL, and this percentage has increased by 57.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 43.1% | -13.1% |
% Black | 24.5% | -13.7% |
% Hispanic | 22.7% | 37.6% |
% Asian | 6.7% | 55.8% |
% Foreign Born | 17.9% | 57.0% |
Mortgage and Risk — Sanford, FL
According to HUD data as of 2023, there were 1294 mortgage originations in Sanford, FL, of which 75.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 35.0% above 90% LTV (very high). This implies large mortgage risk in Sanford, FL. Investor activity is low, as 3.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 1,294 |
% Conventional Loans | 75.0% |
% Government Loans | 25.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Sanford, FL
As of 2024, the percent of homes in Sanford, FL under the Section 8 program is 5.7%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Sanford, FL, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 538 |
Total Units Section 8 | 538 |
% Rentals under Section 8 | 5.7% |
% Occupied Section 8 | 85.6% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $180 | $1,410 | $1,590 |
| 2 Bedroom | $180 | $1,620 | $1,800 |
| 3 Bedroom | $80 | $2,210 | $2,290 |
| 4 Bedroom | $120 | $2,600 | $2,720 |
Affordability — Sanford, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.9 |
| Median Home Price | $362,000 |
| Median Household Income | $74,500 |