The housing market in Sacramento, CA is slightly behind the national average, with a median value of $427,200 compared to the US median of $338,100. However, while the one year house appreciation rate in the US is 8.27%, it is only 2.87% in Sacramento. This suggests that there could be potential for future growth in the area's housing market.
The median home cost in Sacramento is $427,200. Home appreciation the last 10 years has been 178.9%. Home Appreciation in Sacramento is up 10.4%.
Average Age of Homes
- The median age of Sacramento real estate is 43 years old
The Rental Market in Sacramento
- Renters make up 48.2% of the Sacramento population
- 1.5% of houses and apartments in Sacramento, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.