The Sacramento multifamily market in Q1 2026 shows rising vacancy, flat rent performance, and a significant slowdown in new construction activity year-over-year. While construction deliveries increased modestly, both sales pricing and absorption softened, reflecting a cooling investment environment amid shifting renter demand. Explore our full Sacramento multifamily market report for deeper insights into market performance, development pipelines, and transaction activity.
1Q 2025 Sacramento Multifamily Market: Key Data Points
- Vacancy Rate Rises: Vacancy increased to 7.0%, up 60 bps YoY.
- Rents Remain Flat: Average asking rent reached $1,787 per unit, a 0.2% YoY increase.
- Construction Pipeline Drops Sharply: Units under construction fell to 2,866, a 52% YoY decline.
- Sales Pricing Softens: The average sales price per unit decreased to $199,820, down 4% YoY.
- Deliveries Increase: Construction deliveries rose to 1,040 units, a 16% YoY increase.
- Absorption Declines: Net absorption totaled 442 units, down 28% YoY.
Click here to subscribe to Kidder Mathews market research.