CITRUS HEIGHTS, CA (MPG) - Welcome to the May 2022 Citrus Heights Rent Report.

Citrus Heights rents increased over the past month. In this report, we'll evaluate trends in the Citrus Heights rental market, including comparisons to cities throughout the state and nation.

Citrus Heights rents increase sharply over the past month

Citrus Heights rents have increased 2.3% over the past month and have increased sharply by 12.1% in comparison to the same time last year. Currently, median rents in Citrus Heights stand at $1,697 for a one-bedroom apartment and $1,897 for a two-bedroom. This is the fourth straight month that the city has seen rent increases after a decline in December of last year. Citrus Heights' year-over-year rent growth lags the state average of 15.9%, as well as the national average of 16.3%.

Rents rising across cities in California

Throughout the past year, rent increases have been occurring not just in the city of Citrus Heights, but across the entire state. Of the largest 10 cities that we have data for in California, all of them have seen prices rise. The state as a whole logged rent growth of 15.9% over the past year. Here's a look at how rents compare across some of the largest cities in the state.

Looking throughout the state, San Francisco is the most expensive of all California's major cities, with a median two-bedroom rent of $2,761; of the 10 largest California cities that we have data for, all have seen rents rise year-over-year, with Santa Ana experiencing the fastest growth (+22.5%).

San Diego and Anaheim have both experienced year-over-year growth above the state average (18.8% and 18.6%, respectively).

Many large cities nationwide show more affordable rents compared to Citrus Heights

As rents have increased sharply in Citrus Heights, a few large cities nationwide have seen rents grow more modestly. Compared to most large cities across the country, Citrus Heights is less affordable for renters.

Citrus Heights' median two-bedroom rent of $1,897 is above the national average of $1,319. Nationwide, rents have grown by 16.3% over the past year compared to the 12.1% increase in Citrus Heights.

While Citrus Heights' rents rose sharply over the past year, many cities nationwide also saw increases, including Phoenix (+23.3%), Las Vegas (+21.9%), and Tucson (+21.9%).

Renters will generally find more expensive prices in Citrus Heights than most large cities. For example, Kansas City has a median 2BR rent of $1,186, where Citrus Heights is more than one-and-a-half times that price.

For more information check out our national report. You can also access our full data for cities and counties across the U.S.