Oct
30
Sacramento Market Maintains Robust Rent Growth
ByWhile investment activity has slightly tempered in the city, property values have skyrocketed, leading average per-unit prices to $160,000. Meanwhile, deliveries remain extremely limited, helping to maintain occupancy at one of the highest levels among major metros and putting more pressure on rents.
Amid a strong stint of unrelenting growth, Sacramento’s average rent as of August was $12 higher than the U.S. average. While investment activity has slightly tempered in 2017, property values have skyrocketed, leading average per-unit prices to $160,000. Meanwhile, deliveries remain extremely limited, helping to maintain occupancy at one of the highest levels among major metros and putting more pressure on rents…
