Post by High Priestess on Oct 5, 2018 15:08:09 GMT
Many residents of the Inner Bay Area, cities like San Francisco, are moving out of this area due to the high cost of living. Rent is higher here than most anywhere else in the USA. Where do these people move to? Some move to Oregon or Washington, but many others stay nearby --- just an hour drive away in Sacramento. But now rents in Sacramento are increasing as well.
www.sfgate.com/realestate/article/sacramento-rent-cost-price-increase-move-13047697.php
According to a recent report by the California Department of Finance, Sacramento grew faster than the 10 largest cities in California last year. About 7,000 people moved there in 2017, bolstering the population to above 500,000 for the first time ever.
Sacramento has become the unsuspecting refuge for weary Bay Area residents sick of expensive housing.
In Sacramento, you can rent a one-bedroom apartment for $1,400 a month, compared to $2,445 in San Francisco, according to a new report by HotPads, an apartment search site owned by Zillow.
If you can shift your eyes from San Francisco's astronomical rent for a moment, you'll notice something surprising in the report — and startling to those considering a break with the Bay Area. Over the past year, the average cost of a one-bedroom apartment in Sacramento has increased by 8.7 percent. The price of a two-bedroom has grown by 8.2 percent.
In fact, rent prices have increased faster in Sacramento than all the other major U.S. metropolitan areas surveyed by HotPads.
www.sfgate.com/realestate/article/sacramento-rent-cost-price-increase-move-13047697.php
According to a recent report by the California Department of Finance, Sacramento grew faster than the 10 largest cities in California last year. About 7,000 people moved there in 2017, bolstering the population to above 500,000 for the first time ever.
Sacramento has become the unsuspecting refuge for weary Bay Area residents sick of expensive housing.
In Sacramento, you can rent a one-bedroom apartment for $1,400 a month, compared to $2,445 in San Francisco, according to a new report by HotPads, an apartment search site owned by Zillow.
If you can shift your eyes from San Francisco's astronomical rent for a moment, you'll notice something surprising in the report — and startling to those considering a break with the Bay Area. Over the past year, the average cost of a one-bedroom apartment in Sacramento has increased by 8.7 percent. The price of a two-bedroom has grown by 8.2 percent.
In fact, rent prices have increased faster in Sacramento than all the other major U.S. metropolitan areas surveyed by HotPads.