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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 $372,600, higher than the New Mexico average of $265,486.
The average cost of rent is $699/mo in Sacramento, primarily driven by the current value of real estate in the Sacramento area. In Sacramento, 6.64% of households rent, and 68.62% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Sacramento is $6,118 per month. Households that rent pay about 11.43% of their income on rent here. Sacramento’s most expensive areas are in the central 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
- Weed, NM: equally priced homes
- Sunspot, NM: less expensive homes
- Timberon, NM: less expensive homes
- Pinon, NM: less expensive homes
- Alamogordo, NM: less expensive homes
- Holloman AFB, NM: less expensive homes
- Hope, NM: less expensive homes
- Artesia, NM: less expensive homes
- Atoka, NM: less expensive homes
- Riverside, NM: less expensive homes
Cities with Similar Populations
- Spades, IN: less expensive homes
- Kahana, HI: higher priced homes
- Snufftown, NY: higher priced homes
- South Calera, AL: less expensive homes
- South Dover, ME: less expensive homes
- South Hill, KY: less expensive homes
- South Horicon, NY: less expensive homes
- South River, NC: higher priced homes
- South Schroon, NY: less expensive homes
- Southam, ND: less expensive homes
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