The story of this market
The typical home in ZIP 95624 sells for about $638,000, or $334 per square foot.
Prices are down 4.76% from a year ago, which gives buyers more room to negotiate. Homes take about 10.5 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $2,625 a month.
ZIP 95624 — Elk Grove
The 95624 housing market is currently experiencing a cooling phase, evidenced by a year-over-year decline in median home prices and rental rates. Market indicators suggest a shift toward a more buyer-friendly environment as days on market increase and price growth stalls. Investors are advised to exercise caution due to regional softness and the regulatory climate.
This ZIP is well-suited for family buyers seeking suburban housing and established school districts, though investors should be cautious of the current price softening and regulatory environment.
Median prices moved down 4.8% year over year.
Homes spend a median of 11 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) — a stable, low-distress profile.
ZCTA 95624, Sacramento County, CA
The area is served by the Elk Grove Unified School District, which maintains a large network of elementary and secondary schools throughout the community.
The area faces relatively high risk from drought, heat waves, and inland flooding, with parts of the ZIP located in FEMA flood zone A.
Elk Grove serves as a major residential suburb of Sacramento with ongoing development focused on suburban expansion and local commercial infrastructure.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (California) — Mello-Roos Community Facilities Act Special Parcel Tax Assessment: Levies an annual direct, non-ad valorem special tax directly on the parcel's secured property tax bill to fund designated community infrastructure (e.g., roads, sewer facilities, school facilities, emergency services) and repay municipal debt bonds. State (California) — California Homeowners' Property Tax Exemption: Reduces the taxable assessed value of the qualifying owner-occupied principal residence by $7,000 against the county assessment roll, generating a direct tax savings of approximately $70 annually (computed as $7,000 × 1% base rate). State (California) — California Proposition 13 Ad Valorem Real Property Tax: Establishes a base ad valorem tax rate capped at 1.0% of assessed value plus voter-approved local indebtedness and direct assessments (typically resulting in an effective tax rate of 1.1% to 1.25%).
Residents primarily commute north toward the Sacramento employment core via Highway 99, which serves as the primary transit corridor.
The area features numerous community parks, local trail systems, and proximity to regional shopping centers and dining districts within Elk Grove.
The rental market shows signs of softening with a year-over-year decline in median asking rents and a competitive environment for landlords due to tenant-protective state regulations.
The local economy is driven by the broader Sacramento metropolitan area, with significant employment in government, education, and retail services.
Parcels are subject to Sacramento County property tax assessments and the Elk Grove Unified School District tax levies.
Property insurance costs are influenced by regional wildfire and flood risk profiles, with premiums trending upward due to broader California market pressures.
Data sourced from US Census Bureau ZCTA profiles and AreaOps reporting.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
A major community anchor featuring lakes, picnic areas, and sports facilities.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.