The typical asking rent reached $2,038 in June, its highest point on record, though the yearly gain stayed modest and renters remain well clear of the burden threshold.
The typical Elk Grove rent set a record this June, yet its year-over-year gain of less than 1% left most renters facing little added pressure on their budgets.
The city's median rent climbed 2.0% over the past year, close to the roughly 1.6% pace seen across the region, keeping housing costs elevated for local renters.
The median asking rent rose 1.5% from a year ago, mirroring the roughly 1.6% increase seen across the wider region.
The City Council took steps to bring in new state money for sheltering young adults experiencing homelessness, and also tweaked local rules on how many pets residents can keep.
The city council gave final approval to updated housing zoning rules, hired a consultant to plan for future housing growth, and cleared a land hurdle for a new apartment project in west Roseville.
Homes in the Placer County city sold in about two and a half weeks this spring, four days quicker than last year, as sales volume climbed more than 20%.
Active listings rose nearly 30% from last June, giving buyers more options even as homes continued to sell quickly and near asking in this tight market.
The typical asking rent in the small Placer County town climbed to a record $2,667 in May, edging past last year's level and tightening affordability margins.
The median sale price dropped more than 10% from a year earlier — a steeper decline than most Sacramento-area cities — even as sales volume climbed 15%.