Matrix Multifamily Sacramento Report-March 2023 March 30, 2023

Sacramento Rent Growth Slows

Sacramento’s rent growth slowed 0.3 percent on a T3 basis in January, a rate equal to the national average. The city’s YOY rent growth was positive at 2.7% but ranked it among the bottom four major metros. At $1,912, the average rent remained above the $1,701 U.S. rate.