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Sanborn

Learn about the people, housing, costs and businesses in Sanborn, North Dakota

Median Home$215,200
Median Rent$633/month
Population158
Leading IndustriesRetail · Education20% retail
Home Value Growth⬆⬆⬆+24.0% over 2 years
Young Adults30% of residentsabove average nationally
Homeowners95% of occupied units
NotableHigh Incomes$91k/year · top 23% nationally
Sanborn
ND

Frequently Asked Questions

What are today's mortgage rates in Sanborn?

As of today, the 30-year fixed mortgage rate for Sanborn is approximately 6.998% (7.041% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Sanborn?

The median home value in Sanborn is $215k. The median monthly rent is $633. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Sanborn?

Home values in Sanborn have increased 24.0% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Sanborn?

Based on a typical all-in ownership cost of $843/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $36k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Sanborn is $91k/year.

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What industries drive the economy in Sanborn?

The largest employment sectors in Sanborn are public administration (23%) and retail (20%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.