PARK RIDGE, IL - DECEMBER 29: A "House For Sale" sign is visible in front of an existing home December 29, 2005 in Park Ridge, Illinois. Sales of existing homes in November fell, reportedly, by 1.7 percent, spreading concern with economists on the state of the housing market. (Photo by Tim Boyle/Getty Images)
(Photo by Tim Boyle/Getty Images)

Sacramento Homes ‘Earn’ $15.62 Per Hour In Appreciation

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 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

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