Living in Sacramento, CA
Sacramento, CA, is the state's capital known for its historical significance and cultural diversity. It boasts an affordable housing market relative to other Californian cities, with ample amenities and recreational activities. With a strong focus on community and education, Sacramento is an attractive place for families and professionals alike.
Current Market Conditions in Sacramento, CA
Sacramento's real estate market has seen steady growth over the past year, driven by a demand for affordable housing options. The population influx from other states, particularly during the pandemic, has intensified competition for homes, leading to rising prices.
Although home values have experienced substantial appreciation, they remain lower compared to other California urban centers, making it an appealing investment choice. The rental market is also robust, with many areas seeing low vacancy rates, especially in family-friendly neighborhoods.
Home Value Estimator For Sacramento, CA
There are currently 252,751 real estate properties
in Sacramento, CA,
with a median automated valuation model (AVM) price
of $483,643.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Sacramento, CA, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Sacramento, CA,
is $584,962.00, with the most expensive house
in Sacramento, CA, topping out
at $171,654,416.00 and the cheapest home
in Sacramento, CA,
clocking in at $14,921.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Sacramento, CA!
Rent Prices
In Sacramento, CA
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Sacramento, CA, is on
a rollercoaster ride. The
average rent price in Sacramento, CA,
is $1,756.00. Indeed, when looking to rent in
Sacramento, CA, you can expect to pay as little
as $620.00 or as much
as $5,550.00,
with the average rent median estimated to
be $1,670.00. The good news is that finding
an affordable and desirable property to rent in Sacramento, CA
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
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