The latest climb to 6.95% adds $144 to the monthly payment on a median-priced Roseville home — a steeper hit than buyers in most comparable cities are absorbing.
The typical Folsom rent reached $2,627 in August, up 4.2% over the past year, though local households still spend well below the rent-burden threshold.
The typical Elk Grove rent climbed to $2,716 in August, its highest level on record, though the year-over-year gain remained well below double digits.
The typical rent in Fair Oaks reached $2,047 a month in August, a $63 climb over the past year that pushed the median past a symbolic threshold.
The typical Davis rent climbed past $2,500 a month over the past year, leaving the median household spending roughly a third of its income on housing.
The typical rent reached $2,263 in August, up $50 from a year earlier and edging households closer to the point where housing costs strain budgets.
The typical asking rent reached $3,692 in August, the highest on record, up 3.5% from a year ago as more than 40% of local income goes to rent.
The typical Rocklin renter now pays $2,478 a month, up $66 from a year ago, as rents reach their peak in the data tracked here.
The median rent rose just $17 over 12 months, holding near $2,569 while much of the surrounding area saw steeper increases.
Fair Oaks and Arden-Arcade led the region with gains near 7%, while Carmichael and Rancho Cordova saw prices fall even as more homes changed hands.