With Interest Rates at an all-time low and real estate investments thought to withstand even an economic recession, the perfect time to invest in a home is now. The perfect place? East Sacramento.
The list of things to love about living in northern California is long. There’s the mild year-round weather, four distinct seasons, and the hundreds of miles of both coastline and mountains. There’s also the incredible active outdoor lifestyle, with opportunities for everything from surfing to backpacking just a stone’s throw away. And let’s not forget about the sustainable farm-to-table style cuisine.
Within NorCal, there are many options when you’re considering where to live. The Bay Area is perhaps the most well-known, spanning nine counties and housing nearly eight million people. Sacramento, however, is just 75 miles northwest of San Francisco and has quietly become a seriously appealing destination in its own right. New homes, restaurants, wine bars, craft breweries, and coffee shops are popping up left and right and the locally-grown foodie scene is incredible. Dubbed the “City of Trees,” Sacramento also has an abundance of open green spaces, as well as a rich history.
People have taken note and Sacramento has been the top destination for “Bay Area refugees” for the past few years, according to Redfin. Similar data from the California Department of Finance shows that 8,500 more people moved to Sacramento during 2017 than left the city — and that number only continues to grow.
With a substantially lower cost of living, a thriving economy, and less crowding than the Bay Area, now is a fantastic time to be investing in Sacramento real estate.
Investing in Sacramento Homes
Sacramento offers substantial bang for the buck in every measurable way — and we’re not just talking financially. While San Francisco, Oakland, and San Jose all have tons to offer, Sacramento is not to be overlooked. Thrillist called it a “cultural goldmine,” and the city frequently makes “best of” lists, including the healthiest cities in the U.S. and Forbes’ America’s Coolest Cities. In terms of real estate, Sacramento really can’t be beat.
- Cost of living: Northern California has a notoriously high cost of living. However, Sacramento’s is 27.6% lower than Oakland, 27% lower than San Jose, and 54.2% lower than San Francisco. Don’t let that fool you, though: The median household income in Sacramento is $73,142, the highest it’s been in more than 30 years.
- Housing costs: San Francisco’s housing costs top more than six times what they are in the rest of the U.S. The median home values in San Francisco and San Jose are well over $1 million. Keep in mind, that’s median value, not average. Not only are homes in Sacramento far more affordable, home values have seen a steady increase of 7% in the past year and are expected to increase another 5-6% in 2020.
- Population density: Sacramento has a population of just over half a million people. It also has less than one-third the population density as San Francisco, about 5,004 people per square mile compared to 18,442. This results in fewer crowds and, more importantly, less traffic.
Sutter Park by Tim Lewis Communities
East Sacramento has been singled out as one of the best areas in the entire city. It’s extremely walkable, the dining and nightlife scene is excellent, and it’s great for families with highly-rated schools and plenty of green spaces, including McKinley Park and its weekly farmer’s market.
Sutter Park by Tim Lewis Communities incorporates all of these fantastic things about East Sacramento. With special attention given to invoking Sacramento’s unique history and architecture, as well as elevated interior and exterior home details, Sutter Park truly has something for everyone. The community is made up of three distinct neighborhoods: The Garden Homes, The Classics, and The Traditionals, each with unique personality and charm.
The Garden Homes
Designed to allow residents to connect more with nature as well as one another, The Garden Homes feature several walking paths with direct access to the large central park. Homes have been designed with couples and young families in mind, with attached garages, energy-efficient heating and cooling, elevated kitchen finished, and lofts or outdoor rooms.
This neighborhood celebrates the distinct and upscale East Sacramento style of living. In The Classics, enjoy tree-lined streets, rear garages, and proximity to craft breweries, coffee shops, and the 32-acre McKinley Park. Young professionals, families, and empty-nesters alike will enjoy the spacious floorplans, outdoor rooms, and luxurious kitchens.
Sacramento has a rich history and The Traditionals embodies that in its distinct modern farmhouse-style architecture and broad, tree-lined streets. Families especially will appreciate the neighborhood’s proximity to excellent schools, including Caleb Greenwood Elementary. Home styles include flexible living spaces, such as tandem garages, teen rooms, and executive kitchens.
With interest rates exceptionally favorable and so many compelling reasons for investing in Sacramento, CA real estate, the only decision left to make is when you’ll make the move. With three distinct neighborhoods within the Sutter Park community, there is an East Sacramento home to satisfy every desire and lifestyle. Give us a call at (916) 787-3490 or contact us online today to see for yourself! We can’t wait to meet you!