Redwood City, CA—94063
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 $1,254,000, with a year-over-year change of -1.3%. This indicates that home prices in Redwood City, CA are decreasing. According to Zillow, the 1-year price projection is -1.2%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $1,254,000 | -1.3% |
| Single Family | $1,275,000 | -1.1% |
| Condos | $994,000 | -6.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $1,131,000 | -1.3% |
3 Bed | $1,329,000 | -1.5% |
4 Bed | $1,558,000 | -0.3% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Redwood City, CA
As of July '25, Rentcast reports the average rent in Redwood City, CA is $3,180, with a year-over-year rent change of 6.0%. Per bedroom, the median rent as of July '25 in Redwood City, CA is studios: $2,420, 1-bedrooms: $2,720, 2-bedrooms: $3,620, 3-bedrooms: $5,110, 4-bedrooms: $5,810. The most common rental property sizes in Redwood City, CA are 1-bedroom and 2-bedroom, accounting for 40.4% and 34.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,880 | $3,180 |
| Studio Rent | $2,000 | $2,420 |
| 1 Bed Rent | $2,500 | $2,720 |
| 2 Bed Rent | $3,420 | $3,620 |
| 3 Bed Rent | $5,300 | $5,110 |
| 4 Bed Rent | $5,620 | $5,810 |
% 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 61. This is a increase of 53.0% 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 18.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,180,000 | -10.0% |
Listing Count | 22 | 0.0% |
| Listings as % of Homes | 0.1% | 0.0% |
Days on Market | 61 | 53.0% |
Demographics — Redwood City, CA
As of the latest ACS Survey released in 2023, Redwood City, CA has a population of 34,700, which has remained stable by 0.6% over the past 5 years. Redwood City, CA is a moderately popular place for families, as children make up 21.8% of the population. The area has a moderately educated workforce, with 35.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 17.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 34,700 | 0.6% |
% Under 18 | 21.8% | -11.0% |
% Seniors | 11.2% | 25.8% |
% WFH | 17.1% | 557.7% |
% w/ College Degree | 35.1% | 33.0% |
As of the latest ACS Survey released in 2023, Redwood City, CA is a predominantly hispanic area, with 64.1% of the population identifying as hispanic. The hispanic population has shrunk by 4.6% in the last 5 years. The second most common race or ethnicity in Redwood City, CA is white, making up 19.4% of the population. Foreign-born residents account for 41.4% of the population in Redwood City, CA, and this percentage has decreased by 7.6% 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 | 19.4% | 1.0% |
% Black | 2.2% | -4.3% |
% Hispanic | 64.1% | -4.6% |
% Asian | 11.2% | 33.3% |
% Foreign Born | 41.4% | -7.6% |
Mortgage and Risk — Redwood City, CA
According to HUD data as of 2023, there were 106 mortgage originations in Redwood City, CA, of which 98.0% of loans were conventional mortgages. The average loan-to-value was 52.0%, with 5.0% above 90% LTV (normal). This implies small mortgage risk in Redwood City, CA. Investor activity is low, as 5.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 106 |
% Conventional Loans | 98.0% |
% Government Loans | 2.0% |
% Investor Loans | 5.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 7.0% |
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 7.8%. 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 units appear to be good home sizes to consider for Section 8 housing in Redwood City, CA, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 638 |
Total Units Section 8 | 625 |
% Rentals under Section 8 | 7.8% |
% Occupied Section 8 | 89.8% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $230 | $2,500 | $2,730 |
| 2 Bedroom | -$160 | $3,420 | $3,260 |
| 3 Bedroom | -$1,230 | $5,300 | $4,070 |
| 4 Bedroom | -$1,300 | $5,620 | $4,320 |
Affordability — Redwood City, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 10.7 |
| Median Home Price | $1,254,000 |
| Median Household Income | $116,000 |