There's good news for revenue property owners in Sacramento.
The city has one of the highest rental rates in the United States after rents rose by 10% in January from a year earlier.
A study by Yardi Matrix shows Sacramento sitting tied at No. 2 with San Francisco among 30 U.S. rental markets. Only Portland had a higher rental increase, coming in at 14% for January 2015.
The average rental rate in the Greater Sacramento area for all rentals is $1,158. One bedrooms rent for an average of $1,032.
Over the last quarter, Sacramento had a rental appreciation of 0.8% of "renter by necessity" apartments, which was the highest level of any city in the U.S. Yardi Matrix defines such apartments as those rented by people who can’t afford to own, often…