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Sanford, MI—48657

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$220,000
6.9% YoY Growth
Household Income
$75,000
31.2% YoY Growth
Days on Market
37
45.0% Shorter YoY
Home Price Forecast
0.6%
Median Rent
$1,150
37.0% YoY Growth
1-Bed Rent
$800
N/A
2-Bed Rent
$1,150
47.5% YoY Growth
3-Bed Rent
$1,400
29.3% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Sanford, MI

As of May '26, the median home price in Sanford, MI is $220,000, with a year-over-year change of 6.9%. This indicates that home prices in Sanford, MI are increasing. According to Zillow, the 1-year price projection is 0.6%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$220,0006.9%
Single Family $223,0007.2%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$175,0004.8%
    3 Bed
    		$244,0007.5%
    4 Bed
    		$343,0006.5%
    5 Bed N/AN/A
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    % of Housing Stock

    Studio
    1.0%
    1 Bedroom
    2.4%
    2 Bedrooms
    19.2%
    3 Bedrooms
    57.5%
    4 Bedrooms
    15.6%
    5+ Bedrooms
    4.2%

    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.

    TypeMedian RentAverage Rent
    Average Rent$1,150$1,140
    Studio Rent N/AN/A
    1 Bed Rent $800$800
    2 Bed Rent $1,150$1,180
    3 Bed Rent $1,400$1,400
    4 Bed Rent N/AN/A
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    % of Rental Stock

    Studio
    9.8%
    1 Bedroom
    10.6%
    2 Bedrooms
    42.8%
    3 Bedrooms
    25.1%
    4 Bedrooms
    1.4%
    5+ Bedrooms
    10.4%

    Property Listings — Sanford, MI

    As of May '26, Realtor.com reports that the median days on market for a home in Sanford, MI is 37. This is a decrease of -45.0% 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 21.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$379,00029.0%
    Listing Count
    		190.0%
    Listings as % of Homes0.6%0.0%
    Days on Market
    		37-45.0%
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    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.

    MetricLatest CensusYoY % 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%
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    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

    MetricLatest Census5-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%
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    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

    MetricZip 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%
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    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 SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$20$800$820
    2 Bedroom-$80$1,150$1,070
    3 Bedroom-$10$1,400$1,390
    4 BedroomN/AN/A$1,440

    Affordability — Sanford, MI

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio2.5
    Median Home Price$220,000
    Median Household Income$75,000

    Sanford, MI — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Edenville

    48620

    Hope, MI

    48628

    Coleman, MI

    48618

    Midland, MI

    48640

    Beaverton, MI

    48612

    Frequently Asked Questions