Department of Numbers

Sacramento California Residential Rent and Rental Statistics

The median monthly gross residential rent in Sacramento, CA (the Sacramento--Arden-Arcade--Roseville metro area) was $1,159 in 2016 according to the Census ACS survey.1 Average gross rent in Sacramento was $1,186 in 2016. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2017 Sacramento median and average rent data will be released in September of 2018.

Data is also available below for Sacramento rental vacancy rates, Sacramento rent as a percent of median income and the fraction of renters in Sacramento.

Show dollars as: Nominal Real

Real Gross Rent in Sacramento California (2016 dollars)2

2016 1 Year Change 3 Year Change
US Median Gross Rent $981 +0.93% +7.80%
California Median Gross Rent $1,375 +3.54% +11.70%
Sacramento, CA Median Gross Rent $1,159 +3.11% +8.72%

Sacramento, CA Real Gross Rent Trends

At $1,159, real median gross rent in Sacramento was at its highest level in 2016 since the series began in 2005. Average gross rent for Sacramento peaked in real terms in 2008 at $1,202 and is now $16 (1.33%) lower. From a recent low of 1086.0 in 2011, real average gross rent has now increased by $100 (9.21%).

Real Gross Rent in Sacramento: Sacramento CA Median, Sacramento CA Average, California Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Sacramento

Date US
Median
California
Median
Sacramento, CA
Median
Sacramento, CA
Average
2016 $981 $1,375 $1,159 $1,186
2015 $972 $1,328 $1,124 $1,159
2014 $942 $1,278 $1,066 $1,116
2013 $910 $1,231 $1,066 $1,102
2012 $898 $1,219 $1,038 $1,099
2011 $898 $1,211 $1,036 $1,086
2010 $912 $1,241 $1,072 $1,128
2009 $916 $1,257 $1,086 $1,149
2008 $932 $1,284 $1,141 $1,202
2007 $885 $1,210 $1,075 $1,131
2006 $895 $1,207 $1,094 $1,137
2005 $869 $1,162 $1,071 $1,120

Sacramento Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2016 the rental vacancy rate for Sacramento California was 3.72% according to Census ACS data.

Rental Vacancy Rate in Sacramento California

2016 1 Year Change 3 Year Change
US 5.89% +0.04% -0.60%
California 3.31% -0.02% -0.91%
Sacramento, CA 3.72% -0.83% -1.24%

Trends in Sacramento, CA Rental Vacancy Rate

The rental vacancy rate in Sacramento peaked in 2009 at 8.02%. Since then it has fallen by 4.30% to 3.72%. Data records for this series originated in 2005.

Rental Vacancy Rate: Sacramento CA, California, US

Rental vacancy rate in California

Historical Rental Vacancy Rate data for Sacramento

Date US California Sacramento, CA
2016 5.89% 3.31% 3.72%
2015 5.85% 3.33% 4.55%
2014 6.32% 3.90% 5.91%
2013 6.49% 4.22% 4.96%
2012 6.77% 4.51% 6.57%
2011 7.40% 4.94% 6.11%
2010 8.17% 5.86% 6.93%
2009 8.43% 5.76% 8.02%
2008 7.86% 4.71% 5.59%
2007 7.87% 4.72% 7.44%
2006 7.70% 4.67% 6.32%
2005 7.74% 4.61% 7.28%

Rent as a Fraction of Income

Using median household income data for Sacramento, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Sacramento, median monthly gross rent as a fraction of median household income was 21.71% in 2016 according to the ACS.

Sacramento California Median Annual Rent as a Fraction of Median Household Income

2016 1 Year Change 3 Year Change
US 20.43% -0.20% -0.35%
California 24.36% -0.03% -0.04%
Sacramento, CA 21.71% +0.53% -0.59%

Trends in Sacramento, CA Rent as a Fraction of Income

The fraction of median Sacramento household income required to pay median monthly gross rent peaked in 2013 (relative to the 2005 series origin) at 22.31%. Since then it has fallen by 0.59% to 21.71%.

Fraction of Income towards Rent: Sacramento CA, California, US

Percent of median household income going towards median monthly gross rent in Sacramento California

Historical Data for Annual Rent as a Fraction of Income in Sacramento California

Date US California Sacramento, CA
2016 20.43% 24.36% 21.71%
2015 20.63% 24.39% 21.19%
2014 20.89% 24.57% 21.13%
2013 20.78% 24.40% 22.31%
2012 20.65% 24.69% 21.59%
2011 20.70% 24.59% 21.85%
2010 20.50% 24.18% 21.45%
2009 20.12% 23.52% 20.88%
2008 19.00% 22.32% 19.84%
2007 18.66% 21.58% 19.26%
2006 18.90% 21.80% 19.66%
2005 18.89% 21.77% 19.97%

Renter Fraction in Sacramento California

You can calculate the renter fraction in Sacramento in at least two ways: by housing units or by population. I've gone with the housing units measure here. This measure looks at the number of renting households in Sacramento as a fraction of total Sacramento households. In 2016 40.88% of households were renters according to Census ACS data.

Sacramento Fraction of Renters by Household Units

2016 1 Year Change 3 Year Change
US 36.88% -0.09% +0.38%
California 46.36% -0.05% +0.15%
Sacramento, CA 40.88% -0.53% -1.32%

Trends in the Sacramento, CA Renter Fraction

The Sacramento household renter fraction peaked in in 2013 at 42.20% and is now 1.32% below that level. The origin year for the series is 2005.

Fraction of Renting Households: Sacramento CA, California, US

Fraction of renters in Sacramento

History of Sacramento Renter Fraction

Date US California Sacramento, CA
2016 36.88% 46.36% 40.88%
2015 36.97% 46.41% 41.41%
2014 36.90% 46.27% 41.40%
2013 36.50% 46.21% 42.20%
2012 36.09% 45.97% 40.89%
2011 35.42% 45.12% 40.21%
2010 34.65% 44.36% 38.99%
2009 34.13% 43.43% 38.40%
2008 33.36% 42.95% 37.87%
2007 32.80% 42.00% 36.81%
2006 32.73% 41.55% 36.16%
2005 33.10% 41.56% 36.87%

1. Gross rent is defined as contract rent plus the estimated average monthly cost of utilities (electricity, gas, water, and sewer) and fuel (oil, coal, kerosene, wood, etc.). Because some rentals include utilities and others don't, gross rent is a way of normalizing the variability.

2. Real dollars are calculated using the CPI-U less shelter series.

3. The rental vacancy rate is computed by dividing the number of vacant units for rent by the sum of the renter-occupied units, vacant units that are for rent, and vacant units that have been rented but not yet occupied.