Quick facts: Sanford, NC

Quick Facts

100.6
Cost of Living
above US average
31,224
Population
27.16
Crime Rate per 1000
above US average
$52,951
Median Income
below US average
$338,055
Median House Price
above US average
$1737.97
Average Rent
above US average
13%
Poverty Rate
above US average
4.8%
Unemployment Rate
above US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $52,951.

🏠

Income Needed to Buy

βœ— Stretch
$106k/year
Based on $338,055 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $106k vs median $52,951
🏒

Income Needed to Rent

⚠ Stretch
$74k/year
Based on $1737.97/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $74k vs median $52,951
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Sanford, NC

Sanford, located in Lee County, North Carolina, is a vibrant city known for its rich history and community spirit. Established in the late 1800s, Sanford has grown into a hub for commerce, culture, and recreation. The city's historical significance is evident in its charming downtown area, which features beautifully preserved buildings, local shops, and restaurants. Sanford is surrounded by natural beauty, with numerous parks and outdoor spaces, including the San-Lee Park, which offers hiking trails, picnic areas, and a serene lake. The city is also home to the Buggy Factory, a nod to its historical roots, and hosts several annual events that celebrate its heritage. Education is a priority in Sanford, with multiple public and private school options, as well as access to higher education institutions nearby. The community prides itself on being family-friendly, offering activities and amenities suited for all ages. With a growing population and economy, Sanford provides a balanced lifestyle combining small-town charm with opportunities for growth. Its strategic location between larger cities like Raleigh and Fayetteville makes it an attractive place for both residents and businesses.

πŸ” Search & Compare Places

First Location πŸ“