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.
Housing Market Overview
| Metric | West Sacramento | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $495,902 | $642,203 | $242,182 |
| Price Trend (Annual %) | 12.5% | 10.0% | 8.2% |
| Median Gross Rent | $1,551 | $1,955 | $1,342 |
| Rent Trend (Annual %) | 7.5% | 6.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in West Sacramento is about 23% lower than in California. Rent is about 21% 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 West Sacramento, up about 12.5% and 7.5% a year respectively. Home prices are changing faster.
Median rent in West Sacramento rose about 69.1% between 2015 and 2023, from $917 to $1,551. Over the same span, rent in California rose about 55.7%.
Affordability
On average, housing unit costs 5.4 yearly household incomes in West Sacramento.
Buying the median-priced home in West Sacramento costs roughly 26.7 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 West Sacramento. The price-to-rent ratio in California is about 27.4.
| Metric | West Sacramento | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $495,902 | $642,203 | $242,182 |
| Median Household Income | $91,016 | $96,718 | $78,145 |
| Price-to-Income Ratio | 5.4 | 6.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in West Sacramento rose about 72.3%, while median household income rose about 75.4% between 2009 and 2023 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | West Sacramento | California Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 55.7% | 51.6% | 58.2% |
| Rental Rate | 38.3% | 40.9% | 31.3% |
| Vacancy Rate | 6.0% | 7.6% | 10.6% |
| Median Tenure (years) | 13.0 | 15.0 | 15.0 |
| Median Year Moved In | 2013 | 2011 | 2011 |
West Sacramento has a homeownership rate of 55.7%, higher than the California average of 51.6%. Its housing vacancy rate is 6.0%, compared with 7.6% in California.
Housing Stock
| Metric | West Sacramento | California Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.82 people | 2.85 people | 2.54 people |
| Median Structure Built Year | 1984 | 1975 | 1978 |
| Median Number of Rooms | 5.1 | 5.0 | 5.5 |
The typical housing unit in West Sacramento was built around 1984. On average, 2.8 people live in a home with about 5.1 rooms, staying for about 13.0 years on average.
Frequently Asked Questions
Common questions about the housing market in West Sacramento, California.
What is the median home price in West Sacramento, California?
The median home price in West Sacramento, California is $495,902, lower than the California average of $642,203.
What is the average home price in West Sacramento, 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 West Sacramento, California?
The median gross rent in West Sacramento, California is $1,551 per month, lower than the California average of $1,955.
What was the median gross rent in West Sacramento in 2020?
In 2020, the median gross rent in West Sacramento, California was $1,109 per month.
What is the price-to-rent ratio in West Sacramento, California?
The price-to-rent ratio in West Sacramento, California is about 26.7, meaning it would take roughly 26.7 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 West Sacramento.
Are home prices or rent rising faster in West Sacramento, California?
Both home prices and rent are rising in West Sacramento, up about 12.5% and 7.5% a year respectively. Home prices are changing faster.
What is the homeownership rate in West Sacramento, California?
55.7% of households in West Sacramento, California own their home, higher than the California average of 51.6%.
What is the vacancy rate in West Sacramento, California?
The housing vacancy rate in West Sacramento, California is 6.0%, lower than the California average of 7.6%.