Sacramento metro-area home values rose 6.9 percent year-over-year in October, and monthly rents increased 2.8 percent in that time, according to Zillow.
The Seattle-based data company put the Sacramento region's median home value at $216,500 in October. The median monthly home rent at that time was $1,465.
Nationally, Zillow said rents rose 5.4 percent year-over-year in October to a median of $1,279, and the median home value increased 4.7 percent in the period to $155,400.
"We've reached a milestone with one full year of monthly home value gains," said Stan Humphries, Zillow's chief economist. "The bottom line is that homes are more affordable now than at any time in recent memory, and buyers are seizing this opportunity."
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