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Sacramento, California

The average multifamily rent within a distance of 10 miles of Sacramento is $1,004 as of December 2014 – the rent on average for a one bedroom apartment is $893 a month in Sacramento. The rent on average for a two bedroom apartment is $1,020.

Also as of 2014, there has been an increase of $19.50 or 2% multifamily rent over the prior 6 months for Sacramento. And during that time there has been a rise of $29 or 3% for one bedroom units and a rise of $34.5 or 4% for two bedroom units.

As of February 15, 2015, the median asking price per unit for multifamily property has risen 1.7% according to current Sacramento marketing trend data. This is in comparison to the past three months where there was an increase of 14.4% when you compare it to the previous year price.

Sacramento, located in California is the state capital. For Sacramento County it is also the seat of government. In the northern part of California’s Central Valley, the confluence of the American River and the Sacramento River, is where Sacramento is located. 475,122, the estimated 2014 population, made it the number 5 biggest city in the State of California.

Sacramento, California has the distinction of being the economic and cultural core of the metro area of Sacramento. The Sacramento metro area has within it 7 counties and 2,527,123 as a 2009 population estimate. In California, the fifth largest metro area is Sacramento and in America it is the 27th biggest.

A source to get some information on the Sacramento multifamily market is California Apartment Assocation – www.caanet.org

To look for Sacramento apartment buildings for sale, go to http://www.loopnet.com/Apartment-Buildings-For-Sale/. Also, for another source to find out more about apartment real-estate in Sacramento, go to http://www.biggerpockets.com/

Apartment Loan Store is proud to serve the entire Greater Sacramento area:

  • Arden-Arcade
  • Roseville
  • Yuba City
  • South Lake Tahoe
  • Truckee

 

 

 

 

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