Sacramento Multifamily Market Report

Class-cut metrics stand out nationally. Following a challenging second half of 2025, Sacramento’s multifamily sector logged moderate vacancy compression during the first quarter of 2026. This 20-basis-point reduction is encouraging; however, the comparable demand that exists for apartments of various qualities more clearly reflects the current state of the local rental landscape. At the start of April, Class B and C vacancy rates stood at 4.6 percent, with the local Class A rate at 4.5 percent. The lack of disparity between property tiers’ vacancies, which nationally is matched only by Atlanta, reflects a healthy market well positioned to maintain sub-5 percent vacancy over the near term.