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Sacramento apartment renters content, say they’re not looking to buy

Township Nine in the River District of Sacramento celebrated the grand opening this week of the Cannery Place Apartments, . A survey of renters in the capital area found 47 percent plan to purchase a home in the future.
Township Nine in the River District of Sacramento celebrated the grand opening this week of the Cannery Place Apartments, . A survey of renters in the capital area found 47 percent plan to purchase a home in the future. lsterling@sacbee.com

Apartment renters in Sacramento generally feel good about the capital community, but apparently not good enough to purchase a home, according to a survey by San Francisco-based rental industry tracker Apartment List.

The company’s “Renter Satisfaction Survey” of more than 18,000 residents said Sacramento ranked 29th out of 100 U.S. cities in terms of community approval.

Most Sacramento apartment renters also expressed confidence in the local economy, and 75 percent of respondents said they were either “satisfied” or “very satisfied” with local schools, good for 11th in the national rankings.

However, only 47 percent of Sacramento renters said they plan to purchase a home in the future, 88th nationwide and earning a “D” grade from Apartment List.

“Sacramento renters expressed general satisfaction with life in California’s state capital, ranking in the top third of cities in our (nationwide) study,” Andrew Tam, Apartment List’s vice president of data science. “And while Sacramento scores well among a number of important categories, renters showed very low plans for future home ownership.”

For more details, see apartmentlist.com.

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