How are unemployment levels doing in Sacramento County right now? How is your city or area doing? Have a look at the data below to check out your area or places nearby to where you live. Do you think there is any impact on property values when unemployment rises? Might this lead to more foreclosures? Do you think the large decline in price levels over the past year in many areas below might be related in part to the large percentages of unemployment which have increased sharply? Does it seem like some of the hardest hit areas are also struggling with higher unemployment rates?
Unemployment Rates are based upon information provided from the Employment Development Department from February 2009.
State of California 10.1%
State of California One Year Ago 6.2%
Sacramento County 10.7%
Arden Arcade CDP 10.4%
Carmichael CDP 7.9%
Citrus Heights city 7.5%
Elk Grove CDP 8.7%
Fair Oaks CDP 5.9%
Florin CDP 16.0%
Folsom city 4.8%
Foothill Farms CDP 13.7%
Galt city 16.2%
Gold River CDP 1.8%
Isleton city 11.5%
La Riviera CDP 5.8%
Laguna CDP 5.5%
Laguna West Lakeside CDP 7.2%
North Highlands CDP 15.8%
Orangevale CDP 7.6%
Parkway South Sacramento CDP 18.0%
Rancho Cordova City 12.3%
Rancho Murieta CDP 3.3%
Rio Linda CDP 15.7%
Rosemont CDP 8.4%
Sacramento city 12.5%
Vineyard CDP 4.9%
Walnut Grove CDP 23.6%
Wilton CDP 6.5%
For further reference and to look up unemployment information and rates on any county or city in California, see the following links:
If you have any questions about the data above or any other appraisal-related issues or thoughts, contact me at 916-595-3735 or www.lundquistcompany.com
http://www.lundquistcompany.com/blog Unemployment Rates in the Sacramento Area: What Effect Does Unemployment Have on the Housing Market?
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Tags: February 2009 Unemplolyment Rates in Sacramento County or Sacramento Area or Sacramento Cities, Sacramento Appraisal, Sacramento Appraiser, Sacramento County Appraiser, Sacramento Decline in Property Value, Sacramento FHA Appraiser, Sacramento Home Appraiser, Sacramento House Appraiser, Sacramento Real Estate Appraisal, Sacramento Real Estate Appraiser, Unemployment Rates in Sacramento County, Unemployment Rates in Sacramento County and Housing Prices or Value
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Hi Ryan – These unemployment numbers show the reality of today’s economy. Also looking at the EDD numbers, it’s shocking to see the wide variance of unemployment between the local areas. If your readers would like to take a deep look into their neighborhood and respective market trends, I wanted to share Cyberhomes.com. From there, search your neighborhood and view trends related to housing, people and the local economy.
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