Sacramento Multifamily Market Report

The following reflects Sacramento multifamily market conditions as of Q3 2026.

The Sacramento multifamily market in Q3 2026 experienced lower vacancy, lower unemployment, higher rental rates, and fewer construction deliveries compared with a year earlier. Explore our full Sacramento multifamily market report for deeper insights into rents, sale activity, and construction.

Frequently Asked Questions

What is the multifamily vacancy rate in Sacramento in Q3 2026?

The Sacramento multifamily vacancy rate was 6.1% in Q3 2026, according to Kidder Mathews research. That is down from 6.5% in Q2 2026 and 6.5% in Q3 2025, a year-over-year decline of 40 basis points. (Data source: CoStar)

What is the average asking rent for multifamily in Sacramento in Q3 2026?

The average asking rent in the Sacramento multifamily market was $1,807 per unit in Q3 2026, according to Kidder Mathews research. That is up 0.8% from $1,792 in Q3 2025 and roughly flat with $1,806 in Q2 2026. (Data source: CoStar)

What are Sacramento multifamily rents by unit type in Q3 2026?

Average monthly rents in Sacramento in Q3 2026 were $1,653 for a studio, $1,617 for a one-bedroom, $1,899 for a two-bedroom, and $2,212 for a three-bedroom, according to Kidder Mathews research. (Data source: CoStar)

What was net absorption for Sacramento multifamily in Q3 2026?

Sacramento multifamily net absorption was 1,023 units in Q3 2026, according to Kidder Mathews research. Net absorption measures the net change in occupied apartment units, so a positive figure means more units were occupied than vacated. Year-to-date absorption was 3,269 units in 2026, down 2.5% from 3,354 units in 2025. (Data source: CoStar)

How many new multifamily units were delivered in Sacramento in Q3 2026?

Sacramento delivered 248 multifamily units in Q3 2026, according to Kidder Mathews research. Year-to-date deliveries totaled 2,394 units in 2026, down 31.7% from 3,503 units in 2025. Significant Q3 completions included The Sequoia (89 units) in Capitol Park and El Dorado Haven (65 units) in El Dorado County. (Data source: CoStar)

How many multifamily units are under construction in Sacramento in Q3 2026?

There were 3,431 multifamily units under construction in Sacramento in Q3 2026, up from 3,301 in Q2 2026 but down 33.8% from 5,185 in Q3 2025, according to Kidder Mathews research. The largest project is Marlowe Natomas, a 378-unit development in Natomas Crossing owned by Greystar Real Estate Partners with expected delivery in 4Q 2027. (Data source: CoStar)

What is the average multifamily sale price per unit in Sacramento in Q3 2026?

The average multifamily sale price in Sacramento was $238,878 per unit in Q3 2026, according to Kidder Mathews research. That is up 51.2% from $157,987 in Q3 2025 and up from $197,493 in Q2 2026. (Data source: CoStar)

What are multifamily cap rates in Sacramento in Q3 2026?

The average multifamily cap rate in Sacramento was 6.7% in Q3 2026, according to Kidder Mathews research. That is up 120 basis points from 5.5% in Q3 2025 and up from 6.3% in Q2 2026. (Data source: CoStar)

What was the largest multifamily sale in Sacramento in Q3 2026?

The largest multifamily sale by price in Sacramento in Q3 2026 was Talavera, a 293-unit property in Broadstone that sold for $102,500,000, or $349,829 per unit, according to Kidder Mathews research. Sentinel Real Estate Corp was the buyer and USA Properties Fund was the seller. The next largest was The Creek at 2645 in South Natomas, a 368-unit property that sold for $76,108,000, or $206,815 per unit. (Data source: CoStar)

What is the outlook for the Sacramento multifamily market after Q3 2026?

Q3 2026 data point to tightening fundamentals and a smaller construction pipeline in Sacramento, according to Kidder Mathews research. Vacancy fell 40 basis points year over year to 6.1%, units under construction declined 33.8% to 3,431, and Q3 net absorption of 1,023 units outpaced 248 deliveries. Pricing is adjusting, with the average cap rate up 120 basis points to 6.7% and the average sale price per unit up 51.2% year over year. (Data source: CoStar)

Last updated: Q3 2026. Data source: CoStar. Compiled by the Kidder Mathews Research Group.

Q3 2026 Sacramento Multifamily Market: Key Data Points

Explore our full Sacramento multifamily market review for detailed trends and submarket insights.

• Vacancy Rate: Vacancy was 6.1% in Q3 2026, down 40 basis points from 6.5% in Q3 2025.
• Average Asking Rent: Average asking rent reached $1,807 per unit, up 0.8% year over year from $1,792.
• Net Absorption: The market absorbed 1,023 units in Q3 2026 and 3,269 units year to date, down 2.5% from 3,354 units in 2025.
• Construction: Deliveries totaled 248 units in Q3 and 2,394 year to date, down 31.7% from 3,503. Units under construction stood at 3,431, down 33.8% from 5,185 a year earlier.
• Sale Price per Unit: The average sale price rose 51.2% year over year to $238,878 per unit, up from $157,987 in Q3 2025.
• Cap Rate: The average cap rate was 6.7%, up 120 basis points from 5.5% in Q3 2025.

Average Rent by Unit Type

Significant Sale Transactions 3Q 2026

Significant Under Construction

Significant Completed Construction 3Q 2026

Data as of Q3 2026. Source: CoStar. Prepared by the Kidder Mathews Research Group.