RICHMOND, CA - JUNE 15: A "for rent" sign is posted in front of a house on June 15, 2012 in Richmond, California. According to a report by Harvard University's Joint Center for Housing Studies, the tepid real estate market could see a turnaround with the price of rental properties surging and vacancies dropping from 10.6 percent in 2009 to 9.5 percent last year, the lowest level since 2002. (Photo by Justin Sullivan/Getty Images)
(Photo by Justin Sullivan/Getty Images)

Sacramento Rent Has Risen By 40% In 4 Years, Continues To Rise In 2018

If you’re hoping that your rent will stop increasing here in Sacramento, it looks like it’s not going to happen anytime soon. See what a new report says…

If you’re hoping that your rent will stop increasing here in Sacramento, it looks like it’s not going to happen anytime soon. See what a new report says…

Bizjournals.com says that a new report from Yardi Matrix says that we led “all major U.S. metropolitan areas — again — in year-over-year percentage growth in rents, this time with 8.1 percent since January 2017.”

The report added that rent in Sacramento NOW averages $1,393/month – up 40% in the last four years!

Thankfully, the report seems to suggest that rent growth in our area should slow down – but not by much. They predict a 7.2 percent rent growth over the next year.

To see why rent continues to rise here in Sacramento and more on the report, CLICK HERE

Listen Live

Follow Now 100.5 FM