Q1 2025 Sacramento Multifamily Market Report

Market Overview

In Q1 2025, Sacramento’s multifamily market remained stable with an occupancy rate of 95.6% and average effective rents holding at $1,971. Although quarterly absorption slowed to just 549 units, the region has maintained healthy fundamentals. A moderated pace of new deliveries combined with slowing job growth suggests a flattening trend in occupancy and rents for the rest of the year. Despite these shifts, investor sentiment stayed strong, with over $298 million in transactions closed this quarter—the highest since 2022.

About Colliers

Colliers Sacramento delivers market-level insights tailored to investors, developers, and real estate professionals active in Northern California. Their quarterly multifamily reports combine RealPage data, CoStar analytics, and proprietary deal flow intelligence. The Colliers team interprets the trends with forward-looking forecasts and expert commentary, helping clients navigate evolving market dynamics.