A new study says that homes in Sacramento are earning an average of $15.62 per hour while you’re at work!
A new study from Zillow.com shows that “home value appreciation per working-hour is higher than local minimum wage, but renters are struggling just to come up with enough money to break into the market.” Here in Sacramento, the average home earns $15.62 per working hour in appreciation (based on a 40-hour work week). In San Francisco, that number is $60.13 per hour.
It’s great news for homeowners but not great news for people who are trying to save up enough money to put down on a home. While the average home earns $15.62/working hour here in Sacramento – minimum wage is just $11/hour.
To check out the values of the rate of appreciation of homes in other cities, CLICK HERE