Elk Grove rents climb past $2,640 as renters hold onto a healthy income cushion
Median rent rose $50 from a year ago to $2,642, but Elk Grove households still spend just over a quarter of their income on housing.
Median rent rose $50 from a year ago to $2,642, but Elk Grove households still spend just over a quarter of their income on housing.
Median rent rose just $13 over the past year to $2,170, but local households are spending 29.1% of income on housing — a hair from rent-burdened territory.
The Sacramento suburb's median rent rose $51 over the past year to $1,857, leaving typical households spending 25.9% of income on housing.
The capital city's typical rent rose only $19 over the past year, leaving renters with a slightly smaller share of income going to housing.
The typical Lincoln household spends just 16.4% of income on rent, leaving the city well below the rent-burden threshold even as rents tick up modestly.
Median rents in the Placer County city rose just $6 over the past year, leaving tenants spending a hair under the federal rent-burden threshold.
Median rents in the Sacramento suburb climbed to $1,854 in March, a 2.3% annual increase that keeps the typical household just under the rent-burden threshold.
Median rent in the Sacramento suburb rose 3.5% over the past year, but local incomes leave typical tenants well below the rent-burden threshold.
Median rent rose $76 from a year ago to $2,986, but high local incomes leave most tenants well below the rent-burdened threshold.
The Sacramento suburb's median rent rose only $25 over the past year, leaving typical households spending about a quarter of their income on housing.