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Elk Grove Homes Continue to Rent

By
Property Manager with HomePointe Property Management, CRMC 00691121

In the 3rd Quarter of 2008 Elk Grove single family dwellings have continued to rent out at a strong pace.  Elk Grove covers a large area and three zip codes:  95624 (old Elk Grove east of Hiway 99), 95757 and 95758 (Laguna and Laguna West).

Rents in Elk Grove for a three bedroom home ranged in price from $1000-$1800.00.  The average was $1368.00 and a total of 63 homes were on the market during our survey day.  The underlying price is pretty close to $1.00 a square foot, but does vary based on location and condition of the home. 

Rents in Elk Grove for a four or five bedroom home ranged from $1360.00-$1980.00.  The average was $1646.00 and a total of 52 such homes were on the market on our survey day.  Again, the underlying price is close to $1.00 a square foot. 

Keep in mind that the bigger the home the less per square foot in rent.  As a landlord you never want to be the most expensive rental in a zip code, that is a recipe for a long vacancy.

If you need help pricing your rental in Elk Grove or anywhere in the greater Sacramento region, give us a call or email.

www.HomePointe.com

Posted by

Robert A. Machado, CPM, MPM

HomePointe Property Management

Sacramento, Yolo, El Dorado, and Placer Counties

We manage residential and commercial property.

916-429-1205 x 105

rmachado@HomePointe.com

Comments (1)

Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

Very interesting - My son just asked me over the weekend, what rents were going for in Elk Grove!

Sep 15, 2008 03:47 PM