This is promising news to me and I’m excited by the opportunities that the current market is presenting real estate buyers and investors. Over the next weeks I’ll be working on my goals for 2023, and I think adding at least one new rental in the Sacramento area over the next 12 months will be one of those goals. Feel free to reach out to me with any questions or interests you have as they relate to real estate.
Read MoreTaking a look at Sacramento County, the current median price for a detached single family home during the past six months is $440,000. The median statistics for our generic Sacramento County property is 3 bedrooms, 2 full bathrooms, and a little more than 1,600 square feet of living space with a decent sized yard (0.16 acres). Rental rates in Sacramento will vary depending on where the property is located within the county. For general purposes, I estimate rent to be $1.25 per square foot of living space and in this example, a 1,600 square foot home would generate $2,000 a month in rent.
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