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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 Sale233
Airbnb Properties447
Rental Properties1,258
Traditional Vacancy rate3.30%
Airbnb Occupancy Rate67.64%
Mashmeter59.20%
Median Price$343,141
Median Rent Price$1,386
Price/sqft$237
Median Days on Market52
Price to Rent Ratio18.6
Average Cap Rate
Airbnb4.23%
Traditional1.43%
Average Rental Income
Airbnb$2,982
Traditional$1,529
 
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$2,099$2,145$2,533$2,998$5,899
Traditional$844$910$1,202$1,627$1,972
Sacramento, CA - Homes for Sale - Newly Listed
Investment Properties for Sale
$499,900
MLS 19077139
2605 T Street
Sacramento, CA 95816
Newton Booth
Single Family Residential
2 beds1 baths1,202 sq.ft.
CAP RATE
Trad. -0.42%Airbnb 1.80%
Investment Properties for Sale
$277,279
MLS
3533 Blue River Ct
Sacramento, CA 95826
College-Glen
Single Family Residential
3 beds2 baths1,025 sq.ft.
CAP RATE
Trad. 2.24%Airbnb 7.27%
Investment Properties for Sale
$279,497
MLS
3518 Rio Loma Way
Sacramento, CA 95834
South Natomas
Single Family Residential
3 beds2 baths1,428 sq.ft.
CAP RATE
Trad. 0.83%Airbnb 4.10%
Investment Properties for Sale
$400,990
MLS SW19260935
24267 White Willow Avenue
Sacramento, CA 92562
Village 5
Condo/Coop
3 beds2 baths1,880 sq.ft.
CAP RATE
Trad. 0.75%Airbnb 3.46%
Top Performing Sacramento Properties
Investment Properties for Sale
$259,166
MLS
4110 Beechcraft Way
Sacramento, CA 95834
Natomas Crossing
Single Family Residential
3 beds3 baths1,311 sq.ft.
CAP RATE
Trad. 1.34%Airbnb 7.96%
Investment Properties for Sale
$259,900
MLS 19076114
8853 La Riviera Drive #C
Sacramento, CA 95826
College-Glen
Townhouse
3 beds2 baths1,191 sq.ft.
CAP RATE
Trad. 2.49%Airbnb 7.86%
Investment Properties for Sale
$850,000
MLS 19021955
519 8th St
Sacramento, CA 95814
Alkali Flat
Single Family Residential
4 beds4 baths2,744 sq.ft.
CAP RATE
Trad. 0.46%Airbnb 7.46%
Investment Properties for Sale
$220,000
MLS 19064733
2710 Crosby Way
Sacramento, CA 95835
Ben Ali
Single Family Residential
2 beds1 baths818 sq.ft.
CAP RATE
Trad. -0.77%Airbnb 7.34%
Recently Sold Homes in Sacramento, CA
Investment Properties for Sale
$372,320
MLS
3991 71st St
Sacramento, CA 95820
Colonial Manor
Single Family Residential
3 beds2 baths1,715 sq.ft.
CAP RATE
Trad. N/AAirbnb N/A
Investment Properties for Sale
$229,000
MLS 19072778
3225 Bell St
Sacramento, CA 95821
Cannon Industrial Park
Other
3 beds1 baths910 sq.ft.
CAP RATE
Trad. N/AAirbnb N/A
Investment Properties for Sale
$950,000
MLS 19053880
2409-2415 58th St
Sacramento, CA 95817
Tahoe Park
Multi Family
0 beds0 baths0 sq.ft.
CAP RATE
Trad. N/AAirbnb N/A
Investment Properties for Sale
$499,000
MLS 19046984
919 50th St
Sacramento, CA 95819
East Sacramento
Single Family Residential
2 beds2 baths900 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
Investment Properties for Sale
$239,000
MLS SCORRELI
5120 Thurman Way
Sacramento, CA 95824
Fruitridge Manor
Multi Family
2 beds2 baths1,152 sq.ft.
CAP RATE
Trad. 2.61%Airbnb N/A
Investment Properties for Sale
$249,000
MLS 19066830
3717 Clay Street
Sacramento, CA 95838
Del Paso Heights
Multi Family
0 beds0 baths0 sq.ft.
CAP RATE
Trad. 2.31%Airbnb N/A
Investment Properties for Sale
$355,000
MLS 19039939
360 Mill Valley Circle North
Sacramento, CA 95835
Village 9
Multi Family
2 beds2 baths1,557 sq.ft.
CAP RATE
Trad. 1.89%Airbnb N/A
Investment Properties for Sale
$525,000
MLS 19065776
2400 27th Street
Sacramento, CA 95818
Newton Booth
Multi Family
2 beds4 baths0 sq.ft.
CAP RATE
Trad. 1.36%Airbnb N/A
Homes Below Median Price in the Sacramento, CA Real Estate Market
Investment Properties for Sale
$259,166
MLS
4110 Beechcraft Way
Sacramento, CA 95834
Natomas Crossing
Single Family Residential
3 beds3 baths1,311 sq.ft.
CAP RATE
Trad. 1.34%Airbnb 7.96%
Investment Properties for Sale
$259,900
MLS 19076114
8853 La Riviera Drive #C
Sacramento, CA 95826
College-Glen
Townhouse
3 beds2 baths1,191 sq.ft.
CAP RATE
Trad. 2.49%Airbnb 7.86%
Investment Properties for Sale
$850,000
MLS 19021955
519 8th St
Sacramento, CA 95814
Alkali Flat
Single Family Residential
4 beds4 baths2,744 sq.ft.
CAP RATE
Trad. 0.46%Airbnb 7.46%
Investment Properties for Sale
$220,000
MLS 19064733
2710 Crosby Way
Sacramento, CA 95835
Ben Ali
Single Family Residential
2 beds1 baths818 sq.ft.
CAP RATE
Trad. -0.77%Airbnb 7.34%
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
Sacramento Airbnb
$74 per night
Entire home/apt · 1 bed
Cozy Casita Close to Everything!
489
Sacramento Airbnb
$89 per night
Entire home/apt · 1 bed
Unique Land Park Retreat with Garden!
488
Sacramento Airbnb
$106 per night
Entire home/apt · 2 beds
McKinley Spacious Midtown Apartment
460
Sacramento Airbnb
$74 per night
Entire home/apt · 1 bed
The Garden Room
450
Sacramento, CA Homes for Rent
Investment Properties for Sale
$1,195
Investment Properties for Sale
$550
Investment Properties for Sale
$800
Investment Properties for Sale
$1,300
Sacramento, CA Open Houses
Investment Properties for Sale
Open 1 PM to 3 PM
$499,900
MLS 19077139
2605 T Street
Sacramento, CA 95816
Newton Booth
Single Family Residential
2 beds1 baths1,202 sq.ft.
CAP RATE
Trad. -0.42%Airbnb 1.80%
Investment Properties for Sale
Open 12 PM to 2 PM
$799,000
MLS 19076324
2333 Castro Way
Sacramento, CA 95818
Curtis Park
Single Family Residential
3 beds3 baths2,836 sq.ft.
CAP RATE
Trad. 0.51%Airbnb 1.11%
Investment Properties for Sale
Open 12 PM to 3 PM
$269,000
MLS 19055324
3559 Del Sol Way
Sacramento, CA 95834
South Natomas
Single Family Residential
2 beds2 baths997 sq.ft.
CAP RATE
Trad. -0.07%Airbnb 6.28%
Investment Properties for Sale
Open 1 PM to 4 PM
$214,900
MLS 40888488
1505 Hood Rd #C
Sacramento, CA 95825
Arden Fair
Condo/Coop
2 beds2 baths1,207 sq.ft.
CAP RATE
Trad. -0.95%Airbnb 4.24%
Best Sacramento Neighborhoods for Buying Investment Property
69%
Mashmeter
property price
$534,000
Median
cap rate
4.37%
Traditional
9.16%
Airbnb
rental income
$1,946
Traditional
$4,078
Airbnb
homes for sale
4
occupancy rate
69%
Airbnb
70%
Mashmeter
property price
$885,000
Median
cap rate
1.73%
Traditional
5.75%
Airbnb
rental income
$1,279
Traditional
$4,243
Airbnb
homes for sale
1
occupancy rate
68%
Airbnb
83%
Mashmeter
property price
$599,000
Median
cap rate
3.82%
Traditional
8.37%
Airbnb
rental income
$1,907
Traditional
$4,177
Airbnb
homes for sale
1
occupancy rate
69%
Airbnb
52%
Mashmeter
property price
$499,000
Median
cap rate
3.37%
Traditional
10.05%
Airbnb
rental income
$1,401
Traditional
$4,178
Airbnb
homes for sale
1
occupancy rate
70%
Airbnb
68%
Mashmeter
property price
$525,000
Median
cap rate
3.31%
Traditional
8.34%
Airbnb
rental income
$1,450
Traditional
$3,648
Airbnb
homes for sale
3
occupancy rate
68%
Airbnb
All Sacramento Neighborhoods