Sacramento, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Sacramento, CA Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2017 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Sacramento Housing Market Information

With 501,901 people, 181,690 houses or apartments, and a median cost of homes of $344,349, Sacramento real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Sacramento, accounting for 60.32% of the city's housing units. Other types of housing that are prevalent in Sacramento include large apartment complexes or high rise apartments ( 23.82%), duplexes, homes converted to apartments or other small apartment buildings ( 7.60%), and a few row houses and other attached homes ( 6.63%).

The most prevalent building size and type in Sacramento are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 46.48% owning and 53.52% renting.

There is a lot of housing in Sacramento built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Sacramento built between 1940-1969 ( 33.31%). A lesser amount of the housing stock also hails from between 2000 and later ( 16.49%). There's also some housing in Sacramento built before 1939 ( 10.91%).

Sacramento Home Appreciation Rates

In the last 10 years, Sacramento has experienced some of the highest home appreciation rates of any community in the nation. Sacramento real estate appreciated 66.24% over the last ten years, which is an average annual home appreciation rate of 5.21%, putting Sacramento in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Sacramento definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Sacramento's appreciation rate, at 4.05%, has been at or slightly above the national average. In the latest quarter, Sacramento's appreciation rate has been -0.08%, which annualizes to a rate of -0.34%.

Relative to California, our data show that Sacramento's latest annual appreciation rate is lower than 50% of the other cities and towns in California.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Sacramento differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Sacramento - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Sacramento real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$344,349

Sacramento, CA HOME PRICES

Value Range
> $1,343,000 1.2
$1,007,001 - $1,343,000 2.4
$671,001 - $1,007,000 10.4
$537,001 - $671,000 11.7
$403,001 - $537,000 21.0
$269,001 - $403,000 26.2
$134,001 - $269,000 19.2
$67,001 - $134,000 3.8
$0 - $67,000 4.0

Low for CA
Very High for Nation

Value Relative to Nation Value Relative to State
15.0540145985401 65.9239842726081

Number Of Homes And Apartments:
181,690

Sacramento Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
Latest Quarter:
2018 Q4 - 2019 Q1
Last 12 Months:
2018 Q1 - 2019 Q1
Last 2 Years:
2017 Q1 - 2019 Q1
Last 5 Years:
2014 Q1 - 2019 Q1
Last 10 Years:
2009 Q1 - 2019 Q1
Since 2000:
2000 Q1 - 2019 Q1
127.57% 4.36%
7
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,512 / per month

Homeownership Rate

Homeownership
Owners 46.48
Renters 53.52
Vacant 6.79

Housing Market Details

 

Age of Homes

AGE OF Sacramento HOMES
2000 or Newer 16.5
1970 - 1999 39.3
1940 - 1969 33.3
1939 or Older 10.9

Types of Homes

TYPE OF Sacramento HOMES
Single-Family 60.3
Townhomes 6.6
Small Apt. Buildings 7.6
Apt. Complexes 23.8
Mobile Homes 1.6
Other 0.1

Home Size

SIZE OF Sacramento HOMES
No Bedroom 2.95
1 Bedroom 15.57
2 Bedrooms 29.38
3 Bedrooms 34.81
4 Bedrooms 14.38
5 or more bedrooms 2.92