Sacramento rents continue to skyrocket

The state’s housing shortage is forcing people like Nancy Avalos, a Sacramento mother of three, out of their homes. Angela Hart The Sacramento Bee

City Beat

News, insight and discussion on Sacramento and its neighborhoods

City Beat

Will Sacramento’s skyrocketing rents ever cool off?

By Ryan Lillis

rlillis@sacbee.com

Sacramento’s rents just keep skyrocketing.

The median rent for a two-bedroom apartment in the city is a whopping 8.2 percent higher than it was last year, according to data analysis conducted by San Francisco-based real estate company Apartment List.

That increase is by far the highest among California’s big cities and was nearly double the statewide increase. Only Arlington, Texas, and Providence, R.I., had higher year-over-year increases in June.

Sacramento’s two-bedroom rents are still cheaper than most other large cities in California and ranked 33rd nationally. The median two-bedroom rent of $1,170 a month is slightly above the national average.

Apartment List cited Sacramento’s growing tech sector as a factor in the city’s rent increases.

Six out of the seven least affordable metropolitan areas across the U.S. are in California. They are Los Angeles, San Francisco, San Jose, San Diego, Riverside and Sacramento. Angela HartThe Sacramento Bee