CA-Sacramento_Metro_Report-10.2026

Table of Contents
Executive Summary — Investment Market Profile ………………………………………………………….. 3
Bottom Line ……………………………………………………………………………………………………………….. 3
1.1 Market Summary ……………………………………………………………………………………………………. 3
1.2 How Sacramento Compares with the U.S. …………………………………………………………………. 4
1.3 Where the Findings Overlap ……………………………………………………………………………………. 5
1.4 Watch List …………………………………………………………………………………………………………….. 6
Sources ………………………………………………………………………………………………………………………. 7
History, Geography & Regional Context ………………………………………………………………………… 8
Summary Assessment ………………………………………………………………………………………………….. 8
2.1 Regional Position …………………………………………………………………………………………………… 9
2.2 Economic & Employment Fundamentals ………………………………………………………………….. 10
2.3 Founding & Original Purpose ………………………………………………………………………………….. 14
2.4 Geographic Setting & Physical Constraints ……………………………………………………………….. 15
2.5 Historical Growth Phases & Housing Stock ………………………………………………………………. 16
Sources & Bibliography ……………………………………………………………………………………………….. 18
Regulatory, Tax & Environmental Risk ………………………………………………………………………….. 20
Summary Assessment ………………………………………………………………………………………………….. 20
Investor Assessment …………………………………………………………………………………………………….. 20
3.1 Regulatory & Landlord–Tenant Environment ……………………………………………………………. 22
3.2 Taxes the Owner Pays …………………………………………………………………………………………….. 23
3.3 Environmental & Physical Risk ……………………………………………………………………………….. 24
Sources & Bibliography ……………………………………………………………………………………………….. 24
Quantitative Market Analysis ………………………………………………………………………………………… 26
Summary Assessment …………………………………………………………………………………………………… 26
4.1 Price Stability & Growth …………………………………………………………………………………………. 31
4.2 Cash Flow ……………………………………………………………………………………………………………… 33
4.3 Affordability ………………………………………………………………………………………………………….. 34
Sources & Bibliography ……………………………………………………………………………………………….. 36
Neighborhood Livability & Stability Assessment …………………………………………………………….. 37
Summary Assessment …………………………………………………………………………………………………… 37
ZIP-by-ZIP Scorecard …………………………………………………………………………………………………… 38
5.1 Housing Stability ……………………………………………………………………………………………………. 41
5.2 Family Stability ……………………………………………………………………………………………………… 42
5.3 Renter Stability ………………………………………………………………………………………………………. 42
5.4 Unit Composition……………………………………………………………………………………………………. 43
5.5 Market Quality ……………………………………………………………………………………………………….. 43
5.6 Neighborhood Safety ………………………………………………………………………………………………. 44
Sources & Bibliography ……………………………………………………………………………………………….. 44