Rents in Sacramento went up an average of 10.4% from January 2016 – January 2017. See why and how much they’re predicting rents to raise again this year in Sacramento…
BizJournals.com says that a new report from Yardi Matrix on apartment rents in Sacramento showed them to rise an average of 10.4% from January 2016 – January 2017! The national average was just 4.6 percent for the year.
The article says that our rents are NOT done going up, either! They say that the Yardi Matrix predicts rents raising ANOTHER 10.6% this year!
“With job growth at 2.6 percent at year-end, an influx of residents moving here from the Bay Area and a lack of new units continue to be the principal drivers for higher rents.”
Read more on this story HERE