Sacramento Multifamily Market Report

The following reflects Sacramento multifamily market conditions as of 2Q 2026.

The Sacramento multifamily market in 2Q 2026 remained relatively stable, with modest rent growth and vacancy rates holding near historic norms. While renter demand and new construction deliveries softened compared to last year, the development pipeline continued to shrink significantly, helping support long-term market fundamentals. Explore our full Sacramento multifamily market review for detailed insights on rents, vacancies, multifamily development activity, and investment trends.

Frequently Asked Questions

What is the current multifamily vacancy rate in Sacramento in 2Q 2026?

The Sacramento multifamily vacancy rate stood at 6.7% in 2Q 2026, according to Kidder Mathews research. That marks an increase of 20 basis points from 6.5% in 2Q 2025, and a slight uptick from 6.8% in 1Q 2026. Vacancy has remained close to historic norms despite the modest year-over-year rise. (Data source: CoStar)

What are average asking rents for Sacramento apartments in 2Q 2026?

Average asking rents across the Sacramento multifamily market reached $1,806 per unit per month in 2Q 2026, up 0.44% from $1,798 in 2Q 2025, according to Kidder Mathews research. Rents by unit type ranged from $1,620 for a one-bedroom to $2,211 for a three-bedroom unit. Studio units averaged $1,659 and two-bedroom units averaged $1,895 per month. (Data source: CoStar)

How much multifamily net absorption did Sacramento see in 2Q 2026?

Sacramento posted 1,113 units of net absorption in 2Q 2026 alone, and 1,822 units year-to-date, according to Kidder Mathews research. Net absorption measures the net change in occupied apartment units over a period; positive absorption means renters filled more units than they vacated. Year-to-date absorption was down 12.4% from 2,080 units absorbed over the same period in 2025, though it remained positive. (Data source: CoStar)

How many multifamily units are under construction in Sacramento in 2Q 2026?

There were 2,751 multifamily units under construction in Sacramento as of 2Q 2026, according to Kidder Mathews research. That is a 53.05% decrease from 5,859 units under construction in 2Q 2025, and down from 3,756 units in 1Q 2026. The sharp pullback signals a significant slowdown in new multifamily development activity across the market. (Data source: CoStar)

How many multifamily units were delivered in Sacramento in 2Q 2026?

Developers delivered 1,005 multifamily units in Sacramento during 2Q 2026, bringing year-to-date deliveries to 2,158 units, according to Kidder Mathews research. That year-to-date total is down 13.82% from 2,504 units delivered over the same period in 2025. The decline reflects the broader contraction in the construction pipeline. (Data source: CoStar)

What was the largest multifamily sale transaction in Sacramento in 2Q 2026?

The largest multifamily sale in Sacramento in 2Q 2026 was MOSA Apartments in Outer Sacramento County, a 387-unit property that sold for $83,600,000, or $216,021 per unit, according to Kidder Mathews research. Hudson Valley Property Grp. purchased the asset from UrbanCore Dev. Other notable 2Q 2026 sales included Copper Creek Apartments in Outer Carmichael/Citrus Heights and Revel Folsom Apartments. (Data source: CoStar)

What is the average multifamily sale price per unit in Sacramento in 2Q 2026?

The average multifamily sale price in Sacramento was $209,806 per unit in 2Q 2026, according to Kidder Mathews research. That is down 7.94% from $227,907 per unit in 2Q 2025 and up from $199,758 per unit in 1Q 2026. The decline reflects broader adjustments in the investment market. (Data source: CoStar)

What are average multifamily cap rates in Sacramento in 2Q 2026?

The average multifamily cap rate in Sacramento was 6.0% in 2Q 2026, according to Kidder Mathews research. That is up 30 basis points from 5.7% in 2Q 2025 and up slightly from 6.1% in 1Q 2026. Rising cap rates alongside falling sale prices per unit point to an adjusting investment market. (Data source: CoStar)

What large multifamily projects are under construction in Sacramento right now?

The largest multifamily project under construction in Sacramento is The Crawford, a 265-unit property at 1130 Harvey Rd in Lincoln being developed by USA Properties Fund, with delivery expected in 2Q 2027, according to Kidder Mathews research. Other significant projects underway include Pierside Apartments in The Bridge District and Birchway Elk Grove in Outer Sacramento County. (Data source: CoStar)

What multifamily properties were recently completed in Sacramento?

Estia Roseville, a 209-unit property at 6350 Baseline Rd in Lincoln developed by Zilber Residential Group, was among the largest multifamily completions in Sacramento in 2Q 2026, according to Kidder Mathews research. Other recent completions include Amara in Natomas Crossing and Terracina at Wildhawk in Outer Sacramento County. (Data source: CoStar)

What is the outlook for the Sacramento multifamily market?

The Sacramento multifamily market is expected to remain relatively stable in the near term, with vacancy near historic norms and rents continuing modest growth, according to Kidder Mathews research. The construction pipeline has contracted sharply, which should help support fundamentals as fewer new units come online. Investment activity is adjusting to lower sale prices per unit and higher cap rates. (Data source: CoStar)

Last updated: 2Q 2026. Data source: CoStar. Compiled by the Kidder Mathews Research Group.

2Q 2026 Sacramento Multifamily Market: Key Data Points

Explore our full Sacramento multifamily market review for detailed insights on rents, vacancies, multifamily development activity, and investment trends.

• Vacancy Rate Remains Stable: Sacramento’s multifamily vacancy rate measured 6.7% in 2Q 2026, increasing just 20 basis points year-over-year.
• Average Asking Rents Continue to Rise: Average asking rents reached $1,806 per unit per month, reflecting a 0.4% increase from 2Q 2025.
• Construction Pipeline Contracts Sharply: Units under construction fell to 2,751, a 53.1% decrease year-over-year, signaling a significant slowdown in new development activity.
• Net Absorption Slows: Net absorption totaled 1,822 units year-to-date, down 12.4% from the same period last year but remaining positive across the market.
• Construction Deliveries Decline: Developers delivered 2,158 multifamily units year-to-date, a 13.8% decrease compared to 2025 levels.
• Investment Market Adjusts: The average multifamily sales price declined to $209,806 per unit, down 7.9% year-over-year, while average cap rates increased to 6.0%.

Average Rent by Unit Type

Significant Sale Transactions 2Q 2026

Significant Under Construction

Significant Completed Construction 2Q 2026