The Sacramento multifamily market in Q3 2025 shows steady vacancy rates and modest rent growth, while construction activity and sales prices continue to decline. Explore our full Sacramento multifamily market review for in-depth analysis and trends.
3Q 2025 Sacramento Multifamily Market: Key Data Points
- Vacancy Rate Holds Steady: Sacramento’s multifamily vacancy rate remained unchanged quarter-over-quarter at 6.3%, up 20 basis points year-over-year.
- Average Asking Rents Up 1%: Rents rose slightly to an average of $1,782 per month, with three-bedroom units averaging $2,179.
- Construction Pipeline Contracts: Units under construction dropped 45% year-over-year to 3,551 units.
- Sales Prices Decline: The average sales price per unit fell 20% year-over-year to $157,942.
- Net Absorption Slows: Net absorption declined 28% year-over-year to 2,803 units YTD.
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