Sanford, MI 48657 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Sanford, MI—48657

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$206,000

2.3% YoY Growth

Household Income

$75,000

31.2% YoY Growth

Days on Market

11.0% Shorter YoY

Home Price Forecast

3.0%

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 — Sanford, MI

As of Dec '25, the median home price in Sanford, MI is $206,000, with a year-over-year change of 2.3%. This indicates that home prices in Sanford, MI are increasing. According to Zillow, the 1-year price projection is 3.0%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$206,000	2.3%
Single Family	$209,000	3.5%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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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 Dec '25, Realtor.com reports that the median days on market for a home in Sanford, MI is 31. This is a increase of 15.0% 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 36.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$217,000	-7.0%
Listing Count	24	21.0%
Listings as % of Homes	0.6%	21.0%
Days on Market	41	-11.0%

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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.

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%

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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

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%

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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

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%

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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 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

Sanford, MI—48657

Key Metrics at a Glance

Home Price Trends — Sanford, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Sanford, MI

% of Rental Stock

Property Listings — Sanford, MI

Demographics — Sanford, MI

Race and Ethnicity

Mortgage and Risk — Sanford, MI

Mortgages

Rentals and Section 8 — Sanford, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Sanford, MI

Home Price to Income Ratio

Sanford, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Edenville

Hope, MI

Coleman, MI

Midland, MI

Beaverton, MI

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.4
Median Home Price	$206,000
Median Household Income	$75,000

Sanford, MI—48657

Key Metrics at a Glance

Home Price Trends — Sanford, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Sanford, MI

% of Rental Stock

Property Listings — Sanford, MI

Demographics — Sanford, MI

Race and Ethnicity

Mortgage and Risk — Sanford, MI

Mortgages

Rentals and Section 8 — Sanford, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Sanford, MI

Home Price to Income Ratio

Sanford, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Edenville

Hope, MI

Coleman, MI

Midland, MI

Beaverton, MI

Frequently Asked Questions

What is the average home price in Sanford, MI 48657?

How have home prices in Sanford, MI 48657 changed over the past year?

What is the home price projection for Sanford, MI 48657?

What are the demographics of Sanford, MI 48657?

How long does it take homes to sell in Sanford, MI 48657?

What is the average rent price in Sanford, MI 48657?