relocating from the bay area?
The Sacramento Valley is a great place to relocate to. Its central location, affordability, fantastic school systems, and recreational opportunities make it a perfect place to escape the high prices and congested roadways of the Bay Area.
Affordability
The biggest difference between the Sacramento Valley and the Bay Area is the difference in affordability and cost of living. The media price for a home in the Bay Area is more than triple that of the Sacramento Valley. In fact, the California Association of Realtors® found that the median home value in June 2021 in San Mateo County was $2,275,000 while in Placer County, the median value was $670,500.
Median price information provided by C.A.R.
Housing Affordability Index
SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
vs. National Prices
How do prices in California stack up against the rest of the U.S.?
In Quarter 2 of 2021 (April - June), the median price of a home in the United States was $357,900. In the Sacramento Region, the Sacramento-Roseville-Arden-Arcade Metropolitan Area, the median price was $505,000. 41% higher than the national price. Now compare this with the Bay Area, the San Francisco-Oakland-Hayward Metropolitan Area, which had a median price of $1,385,000 in Q2 of 2021. That's 287% or nearly three times the National price. The San Jose-Sunnyvale-Santa Clara Metropolitan Area was $1,699,000 or 375% higher than the U.S.
Source: National Association of REALTOR®, "Median Sales Price of Existing Single-Family Homes for Metropolitan Areas", 2021.
| AREA | 2021(Q2) | 2020 | 2019 | 2018 | %Change 2018-2021 |
|---|---|---|---|---|---|
| U.S | $357,900 | $300,200 | $274,600 | $261,600 | 36.8% |
| San Jose-Sunnyvale-Santa Clara | $1,699,000 | $1,385,000 | $1,265,000 | $1,340,000 | 26.8% |
| San Francisco-Oakland-Hayward | $1,385,000 | $1,100,000 | $988,000 | $987,500 | 40.3% |
| Sacramento-Roseville-Arden-Arcade | $505,000 | $421,000 | $380,000 | $365,000 | 38.6% |
Housing Affordability Index
SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
Want to find out more about the Sacramento Valley?
Visit our community profiles below to find out why we don't just sell the Sacramento Valley, we love the Sacramento Valley.
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