This week, we feature listings from two communities in the greater Sacramento area: Elk Grove and Roseville, CA.
Featured Elk Grove Home For Sale
Elk Grove is one of the fastest growing communities in Sacramento County and has plenty to offer any homebuyer. Home to around 161,007 residents, commuters are conveniently located about 15 miles from Downtown Sacramento. Homebuyers of all shapes and sizes have options when it comes to Elk Grove homes for sale. Millennial homebuyers can find lots of affordable starter homes in the form of single family ranchers, and condos. Growing families can move-up into reasonably priced single-family homes for about $300,000.
Rental rates in Sacramento continue to increase, which is a boon for property owners and real estate investors earning passive income from renting out their homes or condos.
According to new reports from two condo rental data companies, over the past 12 months Sacramento's rents went up by almost 12% from May 2015 to May 2016 - higher than any other city in the U.S., according to Yardi Matrix.
Sacramento's rental growth is ahead of cities like Seattle, Portland and Los Angeles which are places with a healthy increase in the number of jobs.
Another rental data firm, RealPage, found Sacramento's went up 9.7% over the previous year up to the second quarter of 2016.
You can check out the rate increases in our previous post from May.