Newcastle rents barely budge as the region’s rental market cools elsewhere
Median asking rents in the small Placer County community edged up just $11 over the past year, leaving renters with one of the flattest annual changes around.
Median asking rents in the small Placer County community edged up just $11 over the past year, leaving renters with one of the flattest annual changes around.
Zillow data shows the city's typical asking rent slipped just $6 from a year earlier, a near-stall that stands out against more volatile moves elsewhere in the region.
The college town's median rent has edged down over the past year even as most Northern California markets continue to post modest annual gains.
Zillow data shows the typical Woodland rent climbed $100 over the past year, pushing the typical household near the federal rent-burden threshold.
With median rent at $2,669 and the typical home selling near $620,000, the gap between renting and buying in Elk Grove has narrowed to a notably tight margin.
Median rent in Rancho Cordova now sits at roughly 89% of the estimated cost of owning, narrowing the financial calculus between leasing and buying.
The Sacramento suburb's median rent of $1,825 remains one of the more accessible in the metro, even as it edged up modestly from a year ago.
The city's median rent reached $2,020 in April, a modest annual gain that still leaves Sacramento households spending close to the rent-burden threshold.
Median rent in the Placer County city rose less than 2% over the past year, leaving local households with room to spare against the 30%-of-income affordability threshold.
Zillow data shows Auburn's median rent at $1,963 sits well below the cost of buying, even as year-over-year rent growth has nearly flatlined.