Sacramento Multifamily Market Report
By PropZone Research · Data through Q1 2026 · Aggregated from Lee Associates, Cushman & Wakefield, Colliers
Quarterly multifamily market indicators for Sacramento, aggregated by PropZone from Lee Associates, Cushman & Wakefield, Colliers. As of Q1 2026, average asking rent was $2569.00/SF with a 5.5% vacancy rate.
Projected current multifamily pricing — Sacramento
low confidenceProjected asking rent
$2,569/unit/mo
Estimated sale value
$309,161–$386,451/unit
Modeled estimate (income approach) shown as a range — not an appraisal. Projected asking rent × occupancy × net-operating-income margin band ÷ market cap rate, from Q1 2026 Lee Associates data (cap rate 4.9%, asking rent held flat). Assumes ~95% occupancy and a 52–65% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q1 2026 | $2569.00/SF | 5.5% | 1K SF | — | Lee Associates |
| Q3 2023 | — | — | 2K SF | — | Cushman & Wakefield |
| Q3 2023 | $1337.00/SF | 3.6% | 0K SF | — | Colliers |
| Q3 2023 | $2440.93/SF | 3.9% | 1K SF | — | Lee Associates |
| Q2 2018 | $2256.00/SF | 6.3% | 0K SF | — | Lee Associates |
| Q3 2017 | $1468.00/SF | 14.0% | 4K SF | — | Lee Associates |
Frequently asked questions
- What is the average asking rent for multifamily space in Sacramento?
- As of Q1 2026, the average asking rent for multifamily space in Sacramento was $2569.00/SF, per Lee Associates.
- What is the multifamily vacancy rate in Sacramento?
- The multifamily vacancy rate in Sacramento was 5.5% as of Q1 2026 (Lee Associates).
- Where does PropZone's Sacramento market data come from?
- This report aggregates quarterly multifamily market data for Sacramento from Lee Associates, Cushman & Wakefield, Colliers.
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