Redwood City, CA—94061
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Redwood City, CA
As of Oct '25, the median home price in Redwood City, CA is $1,869,000, with a year-over-year change of 0.8%. This indicates that home prices in Redwood City, CA are flat. According to Zillow, the 1-year price projection is -1.4%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $1,869,000 | 0.8% |
| Single Family | $1,931,000 | 0.9% |
| Condos | $839,000 | -8.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $832,000 | 4.8% |
2 Bed | $1,284,000 | 1.3% |
3 Bed | $1,870,000 | 1.0% |
4 Bed | $2,443,000 | 1.2% |
| 5 Bed | $2,739,000 | -1.3% |
% of Housing Stock
Rental Trends — Redwood City, CA
As of July '25, Rentcast reports the average rent in Redwood City, CA is $3,790, with a year-over-year rent change of 11.5%. Per bedroom, the median rent as of July '25 in Redwood City, CA is studios: $2,000, 1-bedrooms: $2,800, 2-bedrooms: $3,620, 3-bedrooms: $5,190, 4-bedrooms: $7,490. The most common rental property sizes in Redwood City, CA are 2-bedroom and 1-bedroom, accounting for 37.4% and 32.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,400 | $3,790 |
| Studio Rent | $1,880 | $2,000 |
| 1 Bed Rent | $2,600 | $2,800 |
| 2 Bed Rent | $3,400 | $3,620 |
| 3 Bed Rent | $4,950 | $5,190 |
| 4 Bed Rent | $8,000 | $7,490 |
% of Rental Stock
Property Listings — Redwood City, CA
As of Oct '25, Realtor.com reports that the median days on market for a home in Redwood City, CA is 22. This is a increase of 3.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 14.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $2,000,000 | 13.0% |
Listing Count | 58 | 6.0% |
| Listings as % of Homes | 0.2% | 6.0% |
Days on Market | 22 | 3.0% |
Demographics — Redwood City, CA
As of the latest ACS Survey released in 2023, Redwood City, CA has a population of 37,400, which has decreased by -5.7% over the past 5 years. Redwood City, CA is a moderately popular place for families, as children make up 21.9% of the population. The area has a highly educated workforce, with 51.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 20.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 37,400 | -5.7% |
% Under 18 | 21.9% | -1.8% |
% Seniors | 14.2% | 10.9% |
% WFH | 20.7% | 298.1% |
% w/ College Degree | 51.4% | 14.0% |
As of the latest ACS Survey released in 2023, Redwood City, CA is a predominantly white area, with 39.7% of the population identifying as white. The white population has shrunk by 18.1% in the last 5 years. The second most common race or ethnicity in Redwood City, CA is hispanic, making up 37.6% of the population. Foreign-born residents account for 28.9% of the population in Redwood City, CA, and this percentage has decreased by 2.7% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 39.7% | -18.1% |
% Black | 2.8% | 133.3% |
% Hispanic | 37.6% | 2.7% |
% Asian | 14.5% | 48.0% |
% Foreign Born | 28.9% | -2.7% |
Mortgage and Risk — Redwood City, CA
According to HUD data as of 2023, there were 308 mortgage originations in Redwood City, CA, of which 98.0% of loans were conventional mortgages. The average loan-to-value was 51.0%, with 1.0% above 90% LTV (normal). This implies small mortgage risk in Redwood City, CA. Investor activity is low, as 2.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 308 |
% Conventional Loans | 98.0% |
% Government Loans | 2.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Redwood City, CA
As of 2024, the percent of homes in Redwood City, CA under the Section 8 program is 4.9%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Redwood City, CA, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 286 |
Total Units Section 8 | 286 |
% Rentals under Section 8 | 4.9% |
% Occupied Section 8 | 87.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $260 | $2,600 | $2,860 |
| 2 Bedroom | $10 | $3,400 | $3,410 |
| 3 Bedroom | -$700 | $4,950 | $4,250 |
| 4 Bedroom | -$3,480 | $8,000 | $4,520 |
Affordability — Redwood City, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 12.4 |
| Median Home Price | $1,869,000 |
| Median Household Income | $142,000 |