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These days, finding an affordable place to live in the Sacramento area can be challenging. Home prices in Sacramento are now at a median cost of $598,265, lower than the California average of $812,006.
The average cost of rent is $2,018/mo in Sacramento, primarily driven by the current value of real estate in the Sacramento area. In Sacramento, 36.99% of households rent, and 31.76% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Sacramento is $9,048 per month. Households that rent pay about 22.30% of their income on rent here. Sacramento’s most expensive areas are in the southeastern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- West Sacramento, CA: less expensive homes
- Lemon Hill, CA: less expensive homes
- Parkway, CA: less expensive homes
- Arden-Arcade, CA: equally priced homes
- La Riviera, CA: less expensive homes
- Rosemont, CA: less expensive homes
- Florin, CA: less expensive homes
- McClellan Park, CA: less expensive homes
- Rio Linda, CA: less expensive homes
- Carmichael, CA: equally priced homes
Cities with Similar Populations
- Fullerton, CA: higher priced homes
- Gaithersburg, MD: less expensive homes
- Gastonia, NC: less expensive homes
- Fort Wayne, IN: less expensive homes
- Gary, IN: less expensive homes
- Fort Worth, TX: less expensive homes
- Fort Myers, FL: less expensive homes
- Concord, NC: less expensive homes
- Dale City, VA: less expensive homes
- Corvallis, OR: less expensive homes
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