Why Sacramento? Hint: It’s the fastest growing market on the West Coast!
Strong Rental Demand
Sacramento has experienced significant population growth due to migration from high-cost areas like San Francisco and Silicon Valley, leading to consistent rental demand and lower vacancy rates. This migration has created an attractive environment for investors seeking stable occupancy and rental income.
Affordability Advantage
Compared to other California cities, Sacramento offers relatively affordable housing, drawing both renters and investors looking for value. This affordability, combined with high demand, helps drive strong cash flow and competitive ROI for multi-unit investments.
High Quality of Life
Known for its favorable climate, parks, cultural amenities, and proximity to major cities and recreation areas, Sacramento attracts both young professionals and families. This quality of life appeals to a wide tenant base, contributing to tenant retention and steady rental income.
Sacramento Economic Highlights
Infrastructure and Development
Sacramento has seen substantial investment in public infrastructure and urban revitalization, including new commercial developments, transportation improvements, and community projects. This growth supports property appreciation and enhances the long-term potential of multi-unit investments.
Rent growth: In Q2 2024, multifamily rent growth increased from 2.6% in Q1 2024 to 3%
Vacancy rates: Vacancy rates remained steady at 5.7% through mid-2024
Asking rents: Moody's CRE forecasts that asking rents will increase by 1.7% in 2024, and then settle into a range of 2.5% to 3.5% in the following years.
85%
of California’s new growth
$78,954K
Average Household Income
11% increase since 2021
0.98%
Population Growth since 2021
35.2 yrs
Median Age
Sacramento’s economy is expanding, driven by diverse industries including government, healthcare, and tech. A growing job market and the trend of people working remote supports rental demand, making the area particularly appealing for multi-family properties aimed at a stable, employed tenant base.
Make BCGK your next investment move
The BCGK team is actively expanding our portfolio in Sacramento, capitalizing on the area's growth and investment potential. We're excited to invite you to join us on this journey. Get started today by completing our investor questionnaire and explore the opportunities that await.