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Sacramento

Sacramento is the capital city of the state of California. With nearly 510,000 residents, it is the 6th largest city in California and the 9th largest capital in the US. The Sacramento real estate market benefits from the fact that the population growth rate for the city is twice the national rate. And with about 54% of the population renting rather than owning their own home (according to NeighborhoodScout), Sacramento rental properties enjoy high demand and occupancy rates

Sacramento is a major economic and cultural center on the West Coast. The state and local government have a strong presence in the city, as it is the state capital, and they constitute the largest employment sector in the area. The city is home to the California State University, Sacramento and University of California, Davis, making it an important educational hub. Sacramento is also a major center for the California healthcare industry, as it houses a number of medical centers, including the world-renowned UC Davis Medical Center, the UC Davis School of Medicine, and Sutter Health. The city’s numerous research centers and well-educated workforce have drawn many technology-related companies to the area. 

One of the most historic cities in California, Sacramento is a notable tourist destination. More than 25 million people flock to the Sacramento region each year to visit its numerous museums and landmarks, including the California State Capitol Museum, the California Hall of Fame, the California State Railroad Museum, the Crocker Art Museum, and the Old Sacramento State Historic Park. Other industries contributing to the local economy include agriculture, energy, advanced manufacturing, transportation, business and financial services, and retail. 


The Sacramento real estate market was named as one of the most important US Markets to Watch by PWC in its annual Emerging Trends in Real Estate: United States and Canada 2019 report. According to the report, Sacramento is one of the most affordable markets in the Pacific region in terms of home prices. In fact, the city is seeing many companies and workers moving in from higher-cost areas. Investing in the Sacramento housing market is, therefore, a great option.

Sacramento Realtors and Real Estate Agents


Sacramento  Real Estate Investment Performance
Facts and Market Trends in Sacramento
Homes For Sale91
Airbnb Properties438
Rental Properties1,360
Traditional Vacancy rate4.70%
Airbnb Occupancy Rate73.39%
Mashmeter58.76%
Median Price$435,000
Median Rent Price$1,380
Price/sqft$307
Median Days on Market45
Price to Rent Ratio23.3
Average Cap Rate
Airbnb4.08%
Traditional1.62%
Average Rental Income
Airbnb$3,360
Traditional$1,546
 
Median Household Income$67,902
Population501,529
Transportation in Sacramento
47 / 100
Car-Dependent
34 / 100
Some Transit
66 / 100
Bikeable
Sacramento  Rent Prices
RENTAL STRATEGY STUDIOS 1 ROOM 2 ROOMS 3 ROOMS 4 ROOMS
Airbnb$2,004$2,014$2,689$3,725$4,114
Traditional$1,007$1,039$1,290$1,743$2,157
Sacramento, CA - Homes for Sale - Newly Listed
$499,000
MLS ML81838650
1840 44th ST
Sacramento, CA 95819
Elmhurst
Single Family Residential
2 beds1 baths999 sq.ft.
CAP RATE
Trad. 1.45%Airbnb 3.26%
$415,000
MLS 221029240
8182 Quail Ridge Ct
Sacramento, CA 95828
Valley High-North Laguna
Single Family Residential
3 beds2 baths1,443 sq.ft.
CAP RATE
Trad. 1.26%Airbnb 7.35%
$328,900
MLS 221033598
6330 34th Avenue
Sacramento, CA 95824
Fruitridge Manor
Single Family Residential
2 beds1 baths861 sq.ft.
CAP RATE
Trad. 1.94%Airbnb 4.42%
$699,000
MLS 221031610
2805 E St
Sacramento, CA 95816
Marshall School
Single Family Residential
4 beds1 baths1,634 sq.ft.
CAP RATE
Trad. 1.62%Airbnb 3.57%
Top Performing Sacramento Properties
$395,000
MLS 221023139
6421 Sunnyfield Way
Sacramento, CA 95823
Valley High-North Laguna
Single Family Residential
3 beds3 baths1,417 sq.ft.
CAP RATE
Trad. 1.41%Airbnb 7.81%
$415,000
MLS 221029240
8182 Quail Ridge Ct
Sacramento, CA 95828
Valley High-North Laguna
Single Family Residential
3 beds2 baths1,443 sq.ft.
CAP RATE
Trad. 1.26%Airbnb 7.35%
$439,900
MLS 221027525
9094 Chantal Way
Sacramento, CA 95829
Valley High-North Laguna
Single Family Residential
3 beds2 baths1,429 sq.ft.
CAP RATE
Trad. 1.09%Airbnb 6.84%
$249,700
MLS 221019889
5080 Mendocino Blvd
Sacramento, CA 95820
South Oak Park
Single Family Residential
2 beds1 baths706 sq.ft.
CAP RATE
Trad. 1.34%Airbnb 6.74%
Recently Sold Homes in Sacramento, CA
$425,000
MLS 221026737
3600 26th Avenue
Sacramento, CA 95820
South Oak Park
Multi Family
0 beds0 baths0 sq.ft.
CAP RATE
Trad. N/AAirbnb N/A
$639,000
MLS 40944550
2304 Oakmont St
Sacramento, CA 95815
Old North Sacramento
Multi Family
0 beds0 baths2,800 sq.ft.
CAP RATE
Trad. N/AAirbnb N/A
$1,024,000
MLS 40941558
1215 22Nd St
Sacramento, CA 95816
Midtown - Winn Park Capital Avenue
Multi Family
0 beds0 baths3,163 sq.ft.
CAP RATE
Trad. N/AAirbnb N/A
$324,000
MLS
5642 VISTA AVE
Sacramento, CA 95824
Lawrence Park
Single Family Residential
2 beds1 baths1,217 sq.ft.
CAP RATE
Trad. N/AAirbnb N/A
Property Value Changes and Real Estate Appreciation in the Sacramento Housing Market

The Sacramento real estate market has witnessed a strong real estate appreciation in recent years. Since Q1 of 2000, Sacramento properties have experienced a total appreciation of 127.57% according to NeighborhoodScout, which is an average annual home appreciation rate of 4.36%. Property value is still climbing in the Sacramento housing market as Zillow reports an appreciation of 3.1% over the past year. However, Sacramento home prices remain affordable relative to California which has some of the highest home prices in the nation. This makes Sacramento a good place for property investment

The Sacramento housing market is currently a seller’s market. There is a limited number of homes for sale on the market, while demand from homebuyers and real estate investors continues to rise as the population grows.

Sacramento, CA Top Multi Family Homes
$579,900
MLS DW21027036
2325 Glen Ellen Circle
Sacramento, CA 95822
Brentwood
Multi Family
0 beds0 baths0 sq.ft.
CAP RATE
Trad. 2.69%Airbnb N/A
Homes Below Median Price in the Sacramento, CA Real Estate Market
$395,000
MLS 221023139
6421 Sunnyfield Way
Sacramento, CA 95823
Valley High-North Laguna
Single Family Residential
3 beds3 baths1,417 sq.ft.
CAP RATE
Trad. 1.41%Airbnb 7.81%
$415,000
MLS 221029240
8182 Quail Ridge Ct
Sacramento, CA 95828
Valley High-North Laguna
Single Family Residential
3 beds2 baths1,443 sq.ft.
CAP RATE
Trad. 1.26%Airbnb 7.35%
$439,900
MLS 221027525
9094 Chantal Way
Sacramento, CA 95829
Valley High-North Laguna
Single Family Residential
3 beds2 baths1,429 sq.ft.
CAP RATE
Trad. 1.09%Airbnb 6.84%
$249,700
MLS 221019889
5080 Mendocino Blvd
Sacramento, CA 95820
South Oak Park
Single Family Residential
2 beds1 baths706 sq.ft.
CAP RATE
Trad. 1.34%Airbnb 6.74%
Sacramento Airbnb Growth and Regulations

The Airbnb industry is booming in Sacramento. With it being such a tourist-friendly location, Sacramento short-term rental properties are a great real estate investment. According to AirDNA, the median monthly revenue earned in the last month by Sacramento Airbnb listings was $2,428.  

Under the city’s short-term rental ordinance, Sacramento Airbnb hosts are allowed to rent out any residential dwelling unit, or a portion of such a unit, for stays of 30 days or less, but they must first obtain a city-issued permit. This means that the practice of operating non-owner occupied rentals in the city is legal. However, there is some bad news for non-resident hosts since they cannot rent out their property for more than 90 days per year without obtaining a special permit.


The ordinance also prohibits Sacramento Airbnb hosts from renting to more than 6 guests at a time and requires them to maintain a rental registry for a 3-year period. As for tax payments, hosts are required to pay an annual business tax as a hotel of $50 and collect and remit a transient occupancy tax of 12% from guests.

Sacramento, CA Top Airbnb Homes
$89 per night
Entire home/apt · 2 beds
Unique Land Park Retreat with Garden!
605
$107 per night
Entire home/apt · 1 bed
McKinley Spacious Midtown Apartment
601
$57 per night
Entire home/apt · 1 bed
Midtown Private Studio Cottage
551
$72 per night
Entire home/apt · 1 bed
The Garden Room
533
Sacramento, CA Homes for Rent
$2,195
MLS SB20218225
3901 H Street #3
Sacramento, CA
East Sacramento
Apartment
2 beds2 baths725 sq.ft.
$2,550
MLS SB20174160
5 Declan Court
Sacramento, CA
Tahoe Park
Single Family
3 beds3 baths1,628 sq.ft.
$1,495
MLS SB20178194
6601 Folsom Boulevard #201
Sacramento, CA
CSUS
Apartment
1 beds1 baths490 sq.ft.
$1,999
MLS SB20176885
8184 Ayn Rand Court
Sacramento, CA
Ben Ali
Single Family
4 beds3 baths1,940 sq.ft.
Sacramento, CA Open Houses
Best Sacramento Neighborhoods for Buying Investment Property
49%
Mashmeter
property price
$1,024,000
Median
cap rate
2.40%
Traditional
4.12%
Airbnb
rental income
$2,050
Traditional
$3,514
Airbnb
homes for sale
0
occupancy rate
72%
Airbnb
89%
Mashmeter
property price
$445,000
Median
cap rate
5.71%
Traditional
9.40%
Airbnb
rental income
$2,116
Traditional
$3,485
Airbnb
homes for sale
0
occupancy rate
73%
Airbnb
70%
Mashmeter
property price
$699,000
Median
cap rate
3.04%
Traditional
6.05%
Airbnb
rental income
$1,771
Traditional
$3,522
Airbnb
homes for sale
1
occupancy rate
75%
Airbnb
56%
Mashmeter
property price
$588,000
Median
cap rate
2.83%
Traditional
7.08%
Airbnb
rental income
$1,387
Traditional
$3,469
Airbnb
homes for sale
0
occupancy rate
73%
Airbnb
67%
Mashmeter
property price
$429,000
Median
cap rate
4.86%
Traditional
9.46%
Airbnb
rental income
$1,738
Traditional
$3,383
Airbnb
homes for sale
0
occupancy rate
72%
Airbnb
All Sacramento Neighborhoods