Housing Market Overview
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 Map: Nearby Counties
Housing Market Overview
| Metric | Sacramento County | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $447,085 | $642,203 | $242,182 |
| Price Trend (Annual %) | 9.8% | 10.0% | 8.2% |
| Median Gross Rent | $1,701 | $1,955 | $1,342 |
| Rent Trend (Annual %) | 6.9% | 6.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Sacramento County is about 30% lower than in California. Rent is about 13% lower than the California average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Both home prices and rent are rising in Sacramento County, up about 9.8% and 6.9% a year respectively. Home prices are changing faster.
Median rent in Sacramento County rose about 64.2% between 2015 and 2023, from $1,036 to $1,701. Over the same span, rent in California rose about 55.7%.
Affordability
On average, housing unit costs 5.0 yearly household incomes in Sacramento County.
Buying the median-priced home in Sacramento County costs roughly 21.9 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Sacramento County. The price-to-rent ratio in California is about 27.4.
| Metric | Sacramento County | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $447,085 | $642,203 | $242,182 |
| Median Household Income | $89,202 | $96,718 | $78,145 |
| Price-to-Income Ratio | 5.0 | 6.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Sacramento County rose about 139.2%, while median household income rose about 56.4% between 2009 and 2023 — 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 County | California Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 56.1% | 51.6% | 58.2% |
| Rental Rate | 39.6% | 40.9% | 31.3% |
| Vacancy Rate | 4.3% | 7.6% | 10.6% |
| Median Tenure (years) | 13.0 | 15.0 | 15.0 |
| Median Year Moved In | 2013 | 2011 | 2011 |
Sacramento County has a homeownership rate of 56.1%, higher than the California average of 51.6%. Its housing vacancy rate is 4.3%, compared with 7.6% in California.
Housing Stock
| Metric | Sacramento County | California Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.74 people | 2.85 people | 2.54 people |
| Median Structure Built Year | 1980 | 1975 | 1978 |
| Median Number of Rooms | 5.3 | 5.0 | 5.5 |
The typical housing unit in Sacramento County was built around 1980. On average, 2.7 people live in a home with about 5.3 rooms, staying for about 13.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Sacramento County, California.
What is the median home price in Sacramento County, California?
The median home price in Sacramento County, California is $447,085, lower than the California average of $642,203.
What is the average home price in Sacramento County, California?
The typical home price in %s, reported as the median sale price, is %s. 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 County, California?
The median gross rent in Sacramento County, California is $1,701 per month, lower than the California average of $1,955.
What was the median gross rent in Sacramento County in 2020?
In 2020, the median gross rent in Sacramento County, California was $1,333 per month.
What is the price-to-rent ratio in Sacramento County, California?
The price-to-rent ratio in Sacramento County, California is about 21.9, meaning it would take roughly 21.9 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Sacramento County.
Are home prices or rent rising faster in Sacramento County, California?
Both home prices and rent are rising in Sacramento County, up about 9.8% and 6.9% a year respectively. Home prices are changing faster.
What is the homeownership rate in Sacramento County, California?
56.1% of households in Sacramento County, California own their home, higher than the California average of 51.6%.
What is the vacancy rate in Sacramento County, California?
The housing vacancy rate in Sacramento County, California is 4.3%, lower than the California average of 7.6%.