Matrix Multifamily Sacramento Report-July 2022 July 27, 2022

Former Growth Powerhouse Sacramento Slips to Middle-of-the-Pack

After leading rent growth nationally for long swaths of the cycle, Sacramento’s multifamily sector is juggling slow construction activity, record-high rents and increased property values. The average rent in the capital of California was $1,936 as of May, more than $250 higher than the all-time-high national figure of $1,680.