Metropolitan Statistical Area (MSA):
Sanford, NC is a Metropolitan Statistical Area (MSA) comprising counties including .
There is no doubt that the Sanford, NC metropolitan statistical area (MSA) is in the midst of a housing market boom. The combination of low interest rates, strong job growth, and limited new construction has resulted in rapidly rising home prices and rental rates.
The average sale price of a home in the Sanford MSA has increased by nearly 10% over the past year, while the average rental rate has increased by even more. This is good news for those who own property in the area, but it is creating challenges for those who are looking to buy or rent.
There is no sign that this trend will slow down anytime soon, so those considering buying or renting in the Sanford MSA need to be prepared to pay top dollar. Those who already own property in the area may want to consider selling now while prices are at an all-time high.