Quick facts: Sanford, FL

Quick Facts

107.5
Cost of Living
above US average
63,154
Population
34.01
Crime Rate per 1000
above US average
$59,181
Median Income
below US average
$370,000
Median House Price
above US average
$1937.77
Average Rent
above US average
12%
Poverty Rate
above US average
4.0%
Unemployment Rate
below 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 $59,181.

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Income Needed to Buy

βœ— Stretch
$116k/year
Based on $370,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $116k vs median $59,181
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Income Needed to Rent

⚠ Stretch
$83k/year
Based on $1937.77/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $83k vs median $59,181
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Sanford, FL

Sanford, Florida, is a historic city situated in Seminole County, about 20 miles north of Orlando. Known for its charming downtown area, Sanford boasts a rich heritage reflected in its well-preserved buildings and vibrant arts scene. The city is located along the shores of Lake Monroe, providing residents and visitors with ample recreational opportunities, including boating, fishing, and waterfront parks. The downtown district features a variety of shops, restaurants, and cafes, with events such as the Sanford Farmers Market contributing to the community feel. Sanford is also home to the Central Florida Zoo and Botanical Gardens, offering educational programs and a diverse range of wildlife. Transportation access is convenient, with proximity to major highways and the Orlando Sanford International Airport. Additionally, Sanford’s location allows easy exploration of nearby natural attractions, including the scenic St. Johns River and the vast expanses of the Cross Seminole Trail. Overall, Sanford combines small-town charm with modern amenities, making it an appealing place for families, retirees, and anyone looking to enjoy the beauty of Central Florida.

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