Home Front

A blog about the economy and the Sacramento-area real estate market.

October 22, 2009
Here's how your apartment rent stacks up in CA's capital region
Rent is still falling in the capital region, according to these numbers released Wednesday by Novato apartment industry tracker RealFacts. We got a little behind on getting them to you,  but here they are. We'll also have a mention of this in the Home Front print edition column in Friday's Sacramento Bee.

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Average rental rates at large Sacramento-area apartment complexes fell for a fourth straight quarter in July, August and September to $946. Economic uncertainty and unemployment have also driven occupancy rates down 1.9 percent the past year. Here is a report from capital-area cities:

City                          Average             Percent                  Average     Percent              
                                Occupancy        Change From         Rent           Change From
                                Rate                  One Year Ago                          One Year Ago

Sacramento                   92.4%               -1.3                   $892              -2.8
Citrus Heights                92.1%                -0.8                   $850              -1.7
Davis                            96.4%                -0.7                    $1,354           1.9
Roseville                        92.9%               -3.7                    $1,066           -5.2
Rocklin                          93.0%               -2.5                    $1,047           -3.2
Rancho Cordova             93.5%                0.3                     $814             -7.1   
Carmichael                     92.0%               -2.0                    $741             -4.6
Folsom                          90.4%               -1.0                    $1,138           -3.6  
Elk Grove                       88.9%               -6.2                    $1,098           -2.7
Fair Oaks                       93.0%               7.8                     $1,005          1.5
Woodland                       91.8%               -4.3                    $902             -2.3
West Sacramento           93.8%               17.1                    $751            -3.5
Yuba City                       94.0%              -2.5                      $796             -0.7

Average                          Studio                   $719
monthly rent by            1BR, 1BA                 $822
Apartment type             2BR, 1BA                $871
in four-county               2BR, 2BA                 $1,062
Region                           3BR, 2BA               $1,346

Source: RealFacts

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