The capital city of California is an attractive place to buy a home. With a population of around half a million, Sacramento is the sixth-largest city and fifth-largest metropolitan area in the state. It’s also the fastest-growing in California. With so much to offer, it’s no wonder Sacramento draws so many new residents.
Sacramento is a major financial center for the west coast. Companies including Sutter Health, Blue Diamond Growers, Aerojet Rocketdyne, and Telchert are headquartered there.
It’s also the capital of California and, consequently, an important political center. In fact, the state is the largest employer in the city with nearly 70,000 employees as of 2012. Other major employers include:
- UC David Health
- Kaiser Permanente
- Dignity Health/Catholic Healthcare West
Culture and Lifestyle
Sacramento is a cultural center for California. It is often considered the most hipster-friendly city in the state. In 2002, a Harvard University project concluded that Sacramento is the most diverse city in the country. The city ranks seventh in the United States for people who identify as LGBT+ per capita.
There are several major theatres in the area including the Community Center Theatre, Memorial Auditorium, and Wells Fargo Pavilion. In 2012, the city launched a marketing campaign “America’s Farm-to-Fork Capital,” indicating the emphasis on locally-sourced cuisine.
The Sacramento Kings of the National Basketball Association play in the Golden 1 Center. The city also has the Sacramento Republic FC, a soccer team, and the Sacramento River Cats, a minor league baseball team.
The median home value on Sacramento, CA is around $320,000, having increased around 4.5 percent in the last year. The median list price per square foot is around $224. Both of these numbers have increased significantly since 2012 and are near an all-time high.
Although homes in Sacramento are around 43 percent more expensive than the median for the country, they are lower than other major cities in California, especially the Bay Area. So, the city offers some more affordable real estate buys with all the benefits of a California city.