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Elk Grove, CA Investment Data and Rental Metrics
Investment Data & Rental Metrics
LTR & STR financial performance, market growth indicators, and school ratings.
LTR Financial Performance
Median Price
LTR Rent
$2,657
Monthly Cash Flow
-$1,122
Principal + Equity
$3,794
Annual Total Gain
$32,062
Cash on Cash
-8.46%
Net ROI %
STR Financial Performance
Median Price
Avg. Daily Rate
$258
Occupancy Rate
61.29%
Monthly Revenue
$3,252
Monthly Cash Flow
-$1,015
Principal + Equity
$3,794
Annual Total Gain
$33,350
Cash on Cash %
-7.65%
Net ROI %
Market Health & Growth
Median Income
$122,229
Population
177,221
LTR Renter %
26.06%
Forecast (1 yr)
-0.6%
Appreciation (1 yr)
-3.37%
Appreciation (5 yr)
34.03%
Appreciation (10 yr)
82.97%
Job Growth
1.35%
LTR Rentability
Moderate
STR Demand
76
STR Rentals
235
Top Public Schools
AWest Campus
A-Franklin High School
A-
A-
A-
Market Grades and Information
Best Places to Live Ranking
Public school quality, cost of living, commute, and lifestyle ratings.
B
Overall
Top-level market grade
Most Diverse Suburbs in California
#20out of 526 markets
Most Diverse Places to Live in California
#106out of 1762 markets
Best Suburbs to Raise a Family in California
#169out of 526 markets
A-
Public School
C
Crime And Safety
C-
Housing
C
Nightlife
B
Good For Families
Diversity
Jobs
Weather
Cost Of Living
Health And Fitness
Outdoor Activities
Commute
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in Elk Grove, CA.
In Elk Grove, CA, short term rentals are regulated by the city's Municipal Code. Investors should be aware of the following regulations before purchasing a property for short term rental purposes:
1. Permit Requirement: Short term rentals in Elk Grove require a permit from the city. The permit process includes an application fee and an inspection of the property to ensure it meets safety and zoning requirements.
2. Occupancy Limits: The city of Elk Grove has occupancy limits for short term rentals, which vary depending on the size of the property. Investors should be aware of these limits and ensure they are compliant with them.
3. Noise and Nuisance Regulations: Short term rental properties in Elk Grove must comply with noise and nuisance regulations to ensure they do not disrupt the peace and quiet of the neighborhood. Investors should be aware of these regulations and take steps to mitigate any potential issues.
4. Transient Occupancy Tax: Elk Grove imposes a transient occupancy tax on short term rentals, which must be collected and remitted to the city. Investors should factor this tax into their financial planning for the property.
5. Insurance Requirements: Investors should ensure they have the appropriate insurance coverage for their short term rental property in Elk Grove, including liability insurance to protect against potential accidents or damages.
6. Homeowner's Association Rules: If the property is located in a homeowner's association (HOA), investors should review the HOA rules and regulations regarding short term rentals. Some HOAs may have restrictions or prohibitions on short term rentals.
By being aware of and complying with these regulations, investors can ensure they are operating their short term rental property in Elk Grove legally and responsibly. It is recommended to consult with a real estate attorney or property management company familiar with local regulations to ensure compliance.
Market Trends Over Time
Explore 25 years of market data for Elk Grove, CA, including median property prices, long-term rental rates, and days on market — identify growth potential and gauge market stability.
Median Price
Median Rent
Days on Market
Nearest Markets
Explore nearby investment markets close to Elk Grove, CA.
The LTR Genie Score of Elk Grove, CA is 49 and STR Genie Score is 57, indicating a moderate level of rentability for both long-term and short-term rental investments. The LTR Rent Growth Rate of 0.0582% suggests a steady increase in rental prices over time, while the 1-Year Price Appreciation Forecast of -0.6% may indicate a slight decrease in property values in the near future. The LTR Net ROI of 20.14% and STR Net ROI of 20.95% show promising returns for both rental strategies.
The higher STR Genie Score compared to the LTR Genie Score could be attributed to the higher occupancy rate of 61.29% and revenue of 3252 for short-term rentals. This indicates that there may be more demand for short-term rental properties in Elk Grove, potentially leading to higher profits for investors.
Overall, Elk Grove, CA appears to be a favorable market for both long-term and short-term rental investments. With positive net ROI for both strategies and a higher STR Genie Score, investors may consider diversifying their portfolio by investing in both rental options. Additionally, the steady rent growth rate and relatively high occupancy rate for short-term rentals suggest a stable and potentially lucrative market for real estate investors in Elk Grove.
LTR Genie Score 93
$325,000
🛏 4 Beds🛁 3.0000 Baths🏙 2,347 sqft.🏠 SINGLE FAMILY