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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?
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All information deemed reliable but not guaranteed. This information was supplied by MLS, Seller, and/or other sources. Broker believes this information to be correct but has not verified this information and assumes no legal responsibility for its accuracy. Buyers should investigate to their own satisfaction.
The property information herein is derived from various sources that may include, but not be limited to, county records and the Multiple Listing Service, and it may include approximations. Although the information is believed to be accurate, it is not warranted and you should not rely upon it without personal verification. Affiliated real estate agents are independent contractor sales associates, not employees. ©2024 Coldwell Banker. All Rights Reserved. Coldwell Banker and the Coldwell Banker logo are trademarks of Coldwell Banker Real Estate LLC. The Coldwell Banker® System is comprised of company owned offices which are owned by a subsidiary of Anywhere Advisors LLC and franchised offices which are independently owned and operated. The Coldwell Banker System fully supports the principles of the Fair Housing Act and the Equal Opportunity Act.