Sacramento, California Housing Market Prices
Sacramento Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
-
Median home price 40% below the California median$391,001
-
Median rent 13% below the California median$1,771
Housing Market Overview
| Metric | Sacramento | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $391,001 | $650,794 | $248,835 |
| Price Trend (Annual %) | 10.3% | 8.9% | 7.5% |
| Median Gross Rent | $1,771 | $2,036 | $1,407 |
| Rent Trend (Annual %) | 6.8% | 5.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Sacramento is about 40% lower than in California. Rent is about 13% lower than the California average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Sacramento, up about 10.3% and 6.8% a year respectively. Home prices are changing faster.
Median rent in Sacramento rose about 75.1% between 2015 and 2024, from $1,011 to $1,771. Over the same span, rent in California rose about 62.2%.
Affordability
On average, housing unit costs 4.5 yearly household incomes in Sacramento.
Buying the median-priced home in Sacramento costs roughly 18.4 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Sacramento. The price-to-rent ratio in California is about 26.6.
| Metric | Sacramento | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $391,001 | $650,794 | $248,835 |
| Median Household Income | $86,273 | $99,161 | $80,455 |
| Price-to-Income Ratio | 4.5 | 6.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Sacramento rose about 171.1%, while median household income rose about 67.2% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Sacramento | California Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 48.0% | 51.7% | 58.5% |
| Rental Rate | 46.3% | 40.8% | 31.2% |
| Vacancy Rate | 5.7% | 7.5% | 10.2% |
| Median Tenure (years) | 12.0 | 15.0 | 15.0 |
| Median Year Moved In | 2014 | 2011 | 2011 |
Sacramento has a homeownership rate of 48.0%, lower than the California average of 51.7%. Its housing vacancy rate is 5.7%, compared with 7.5% in California.
Housing Stock
| Metric | Sacramento | California Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.58 people | 2.84 people | 2.53 people |
| Median Structure Built Year | 1974 | 1975 | 1978 |
| Median Number of Rooms | 5.0 | 5.0 | 5.5 |
The typical housing unit in Sacramento was built around 1974. On average, 2.6 people live in a home with about 5.0 rooms, staying for about 12.0 years on average.
Sacramento, CA Housing Compared With Nearby Cities
How Sacramento, CA compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Sacramento, CA | 518,007 | $391,001 #2/2 | $1,771 #1/2 | 50.9% #1/2 |
| Arden-Arcade, CA | 92,545 | $472,536 | $1,599 | 45.5% |
Frequently Asked Questions
Common questions about the housing market in Sacramento, California.
What is the median home price in Sacramento, California?
The median home price in Sacramento, California is $391,001, lower than the California average of $650,794.
What is the average home price in Sacramento, California?
The typical home price in Sacramento, California, reported as the median sale price, is $391,001. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Sacramento, California?
The median gross rent in Sacramento, California is $1,771 per month, lower than the California average of $2,036.
What was the median gross rent in Sacramento in 2020?
In 2020, the median gross rent in Sacramento, California was $1,316 per month.
What is the price-to-rent ratio in Sacramento, California?
The price-to-rent ratio in Sacramento, California is about 18.4, meaning it would take roughly 18.4 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Sacramento.
Are home prices or rent rising faster in Sacramento, California?
Both home prices and rent are rising in Sacramento, up about 10.3% and 6.8% a year respectively. Home prices are changing faster.
What is the homeownership rate in Sacramento, California?
48.0% of households in Sacramento, California own their home, lower than the California average of 51.7%.
What is the vacancy rate in Sacramento, California?
The housing vacancy rate in Sacramento, California is 5.7%, lower than the California average of 7.5%.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →