Sacramento, CA is a popular destination for real estate investment due to its strong housing market. The median value of housing in Sacramento is $341,600 which is slightly higher than the national median value of $338,100. However, over the past year, the appreciation rate in Sacramento has been slower than the national average at 2.88% compared to 8.27%. Despite this lower rate of appreciation, investors are still looking at Sacramento as an attractive market thanks to its high median value and potential for growth going forward.
The median home cost in Sacramento (zip 95824) is $341,600. Home appreciation the last 10 years has been 179.4%. Home Appreciation in Sacramento (zip 95824) is up 10.4%.
Average Age of Homes
- The median age of Sacramento (zip 95824) real estate is 49 years old
The Rental Market in Sacramento (zip 95824)
- Renters make up 53.2% of the Sacramento (zip 95824) population
- 0.4% of houses and apartments in Sacramento (zip 95824), 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.