One Sacramento Multifamily Neighborhood Sees Negative Rent Growth

Like many secondary markets, Sacramento, California, posted record rent growth through the middle of 2021, peaking in the third quarter of 2021 at 12.6%. Since then, rent growth throughout the market has slowed — and in at least one corner of the region, turned negative. Currently, year-over-year rent growth rests at 3.5%, which is in keeping with the long-term historical average.