Does location matter? YOU BET!
Midtown Sacramento is great. Great trees, great services, walkable, bike friendly. But it has lots of human-made boundaries that can reduce a home's desirability.
Like..... the highways that border the eastern and southern borders? While I've always heard elevated freeways are better than the underground (like Hwy 50 near 50th-59th Streets) Hypothetically, a house on the corner of a 20s Street home & the "W-X" freeway is beautiful and amazing. But if bedrooms are on the freeway side and it's one-way to get in the driveway, that's tough!
...........or the train tracks. Urban life includes rumbles when you live on 19th or 20th Streets, or along B Street.
...........or a bar. Sure, you like to drink there on weekends. But every bar I know is open 7 days a week. So that one night you take off can mean no sleep for you!
.........or a busy one-way street. Some of our arterial streets have serious daily traffic. But if it's only once a day, maybe that's not so bad.
Fortunately, Midtown Sacramento is laden with many positives which may make the above forgettable. And, at least you'll be reaping the benefits of proximity.