Redwood City, CA—94065
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 $1,776,000, with a year-over-year change of -1.0%. This indicates that home prices in Redwood City, CA are flat. According to Zillow, the 1-year price projection is -1.1%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $1,776,000 | -1.0% |
| Single Family | $2,298,000 | 2.4% |
| Condos | $1,080,000 | -5.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $722,000 | -7.3% |
2 Bed | $1,132,000 | -5.5% |
3 Bed | $1,869,000 | -0.6% |
4 Bed | $2,655,000 | 2.9% |
| 5 Bed | $2,955,000 | 1.2% |
% of Housing Stock
Rental Trends — Redwood City, CA
As of July '25, Rentcast reports the average rent in Redwood City, CA is $5,160, with a year-over-year rent change of 7.5%. Per bedroom, the median rent as of July '25 in Redwood City, CA is 1-bedrooms: $3,490, 2-bedrooms: $4,350, 3-bedrooms: $5,370, 4-bedrooms: $7,600. The most common rental property sizes in Redwood City, CA are 2-bedroom and 1-bedroom, accounting for 38.8% and 27.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $4,500 | $5,160 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $3,300 | $3,490 |
| 2 Bed Rent | $4,200 | $4,350 |
| 3 Bed Rent | $4,780 | $5,370 |
| 4 Bed Rent | $7,500 | $7,600 |
% 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 30. This is a increase of 71.0% 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 24.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,240,000 | -19.0% |
Listing Count | 34 | 5.0% |
| Listings as % of Homes | 0.1% | 5.0% |
Days on Market | 30 | 71.0% |
Demographics — Redwood City, CA
As of the latest ACS Survey released in 2023, Redwood City, CA has a population of 11,600, which has decreased by -7.6% over the past 5 years. Redwood City, CA is a moderately popular place for families, as children make up 24.0% of the population. The area has a highly educated workforce, with 81.0% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 32.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 11,600 | -7.6% |
% Under 18 | 24.0% | 3.9% |
% Seniors | 14.4% | 11.6% |
% WFH | 32.2% | 323.7% |
% w/ College Degree | 81.0% | 7.6% |
As of the latest ACS Survey released in 2023, Redwood City, CA is a predominantly asian area, with 45.5% of the population identifying as asian. The asian population has grown by 10.2% in the last 5 years. The second most common race or ethnicity in Redwood City, CA is white, making up 39.3% of the population. Foreign-born residents account for 40.0% of the population in Redwood City, CA, and this percentage has decreased by 1.2% 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 | 39.3% | -3.0% |
% Black | 0.5% | -80.0% |
% Hispanic | 6.4% | -30.4% |
% Asian | 45.5% | 10.2% |
% Foreign Born | 40.0% | -1.2% |
Mortgage and Risk — Redwood City, CA
According to HUD data as of 2023, there were 105 mortgage originations in Redwood City, CA, of which 98.0% of loans were conventional mortgages. The average loan-to-value was 55.0%, with 1.0% above 90% LTV (normal). This implies small mortgage risk in Redwood City, CA. Investor activity is low, as 1.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 105 |
% Conventional Loans | 98.0% |
% Government Loans | 2.0% |
% Investor Loans | 1.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 6.0% |
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 10.9%. 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 and 3-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 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 169 |
Total Units Section 8 | 169 |
% Rentals under Section 8 | 10.9% |
% Occupied Section 8 | 88.8% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $510 | $3,300 | $3,810 |
| 2 Bedroom | $340 | $4,200 | $4,540 |
| 3 Bedroom | $780 | $4,780 | $5,560 |
| 4 Bedroom | -$1,460 | $7,500 | $6,040 |
Affordability — Redwood City, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 8.3 |
| Median Home Price | $1,776,000 |
| Median Household Income | $213,000 |