Sanford, MI—48657
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Sanford, MI
As of Oct '25, the median home price in Sanford, MI is $204,000, with a year-over-year change of 1.9%. This indicates that home prices in Sanford, MI are increasing. According to Zillow, the 1-year price projection is 2.0%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $204,000 | 1.9% |
| Single Family | $207,000 | 2.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $165,000 | 1.2% |
3 Bed | $227,000 | 2.3% |
4 Bed | $321,000 | 2.6% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Sanford, MI
As of July '25, Rentcast reports the average rent in Sanford, MI is $1,140, with a year-over-year rent change of -37.0%. Per bedroom, the median rent as of July '25 in Sanford, MI is 1-bedrooms: $800, 2-bedrooms: $1,180, 3-bedrooms: $1,400. The most common rental property sizes in Sanford, MI are 2-bedroom and 3-bedroom, accounting for 42.8% and 25.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,150 | $1,140 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $800 | $800 |
| 2 Bed Rent | $1,150 | $1,180 |
| 3 Bed Rent | $1,400 | $1,400 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Sanford, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Sanford, MI is 64. This is a increase of 19.0% 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 25.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $240,000 | -25.0% |
Listing Count | 24 | 4.0% |
| Listings as % of Homes | 0.6% | 4.0% |
Days on Market | 64 | 19.0% |
Demographics — Sanford, MI
As of the latest ACS Survey released in 2023, Sanford, MI has a population of 7,700, which has decreased by -2.0% over the past 5 years. Sanford, MI is a moderately popular place for families, as children make up 19.9% of the population. The area has a moderately educated workforce, with 25.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 7,700 | -2.0% |
% Under 18 | 19.9% | 20.6% |
% Seniors | 23.7% | 12.9% |
% WFH | 10.6% | 360.9% |
% w/ College Degree | 25.7% | 5.3% |
As of the latest ACS Survey released in 2023, Sanford, MI is a predominantly white area, with 93.9% of the population identifying as white. The white population has shrunk by 2.6% in the last 5 years. The second most common race or ethnicity in Sanford, MI is hispanic, making up 1.3% of the population. Foreign-born residents account for 0.8% of the population in Sanford, MI, and this percentage has increased by 33.3% 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 | 93.9% | -2.6% |
% Black | 0.3% | -50.0% |
% Hispanic | 1.3% | 18.2% |
% Asian | 0.1% | ∞% |
% Foreign Born | 0.8% | 33.3% |
Mortgage and Risk — Sanford, MI
According to HUD data as of 2023, there were 142 mortgage originations in Sanford, MI, of which 77.0% of loans were conventional mortgages. The average loan-to-value was 70.0%, with 34.0% above 90% LTV (very high). This implies large mortgage risk in Sanford, MI. Investor activity is low, as 1.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 142 |
% Conventional Loans | 77.0% |
% Government Loans | 23.0% |
% Investor Loans | 1.0% |
% Second Loans | 4.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Sanford, MI
Sanford, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 11 |
Total Units Section 8 | 11 |
% Rentals under Section 8 | 1.9% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $20 | $800 | $820 |
| 2 Bedroom | -$80 | $1,150 | $1,070 |
| 3 Bedroom | -$10 | $1,400 | $1,390 |
| 4 Bedroom | N/A | N/A | $1,440 |
Affordability — Sanford, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.4 |
| Median Home Price | $204,000 |
| Median Household Income | $75,000 |