Real Estate Investing in Elk Grove, California (95624)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 95624 (Elk Grove, CA)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
What’s happening in Elk Grove, CA (95624)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 95624 Elk Grove
This part of Sacramento County is not an easy win. The 95624 ZIP posts softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Distressed markets are won on execution, not on spreadsheets. ZIP 95624 records the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
ZIP 95624's metrics run below Sacramento County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
A durable renter share of 23% in 95624 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Strategy in 95624 is an operator game, not a passive one. From an investor standpoint, entry prices of $639K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Elk Grove:
Property Strategy for 95624
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $419,762 | $2,510 | 4.3% | +4.6% | $209,881 |
| 3BR | $549,193 | $3,340 | 4.4% | +5.2% | $183,064 |
| 4BR | $653,485 | $3,850 | 4.2% | +5.6% | $163,371 |
| 5BR | $737,235 | — | — | +6.2% | $147,447 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 95624 Compare?
| Metric | 95624 | Elk Grove | Sacramento-Roseville-Folsom, CA | California |
|---|---|---|---|---|
| Home Value | $638,668 | $636,511 | N/A | $761,003 |
| 5-Year CAGR | 2.0% | 1.9% | N/A | 5.7% |
| Avg Rent | $2,688 | $2,714 | N/A | - |
| Cap Rate | 3.3% | 3.3% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 95624 (Elk Grove, CA). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 95624 (Elk Grove, CA)?
~25 seconds · no account needed · your report is anonymous
Property managers serving Sacramento County
Manage rentals here? List your business →Advent Properties, Inc. offers comprehensive, responsive, and professional property management and real estate services in the Bay Area, East Bay, and Sacramento regions. summary from their website
CYA Property Management, led by Carla Morgan, serves Carmichael, CA. summary from their website
Eagle Property Management offers property management services in Sacramento, CA. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $638,668 |
| Monthly Rent | $2,688 |
| Price-to-Rent | 19.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.1% |
| Cap Rate | 3.3% |
| 5-Year IRR | 5.3% |
📈 Home Appreciation
| 1-Year | -0.1% ▼ |
| 3-Year CAGR | +0.9% ▲ |
| 5-Year CAGR | +2.0% ▲ |
| 10-Year CAGR | +5.6% ▲ |
🏠 Rent Trends
| 1-Year | -1.7% ▼ |
| 3-Year CAGR | +1.5% ▲ |
| 5-Year CAGR | +2.7% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.3%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 95624
Population: 68,036
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 95624
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 3,515 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Are homes affordable in Elk Grove, CA?
In Elk Grove, CA the median home value sits at $639K. Against the broader CA market, that reads as reasonable for most investors.
Is the tenant base reliable in Elk Grove, CA?
Working renters make up the core of the Elk Grove, CA tenant base. The pool is reasonable for investors targeting long-term holds.
What do rentals go for in Elk Grove, CA?
Rent in Elk Grove, CA is around $2,688/mo. The resulting rent-to-value relationship with $639K pricing is reasonable for most investor models.
Is Elk Grove, CA better for rentals, flips, or BRRRR?
Investors usually favor careful cash-flow rentals with hands-on management in Elk Grove, CA. With home values at $639K and rents near $2,688/mo, other strategies can work but produce reliable rather than outsized returns.
Is Elk Grove, CA a friendly market for rental owners?
Landlord-friendliness in Elk Grove, CA is tenant-protective. Eviction timelines and lease enforcement are considered reasonable by most property managers.
You know 95624 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 95624 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 95624 ranks in Sacramento-Roseville-Folsom, CA
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 95624 (Elk Grove)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 95624 (Elk Grove, CA).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.