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.
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
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