Redding, CA—96002
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Redding, CA
As of Oct '25, the median home price in Redding, CA is $371,000, with a year-over-year change of -0.6%. This indicates that home prices in Redding, CA are flat. According to Zillow, the 1-year price projection is -1.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $371,000 | -0.6% |
| Single Family | $372,000 | -0.8% |
| Condos | $289,000 | 3.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $258,000 | -0.4% |
3 Bed | $348,000 | -0.9% |
4 Bed | $499,000 | 0.0% |
| 5 Bed | $614,000 | 0.7% |
% of Housing Stock
Rental Trends — Redding, CA
As of July '25, Rentcast reports the average rent in Redding, CA is $1,600, with a year-over-year rent change of -4.8%. Per bedroom, the median rent as of July '25 in Redding, CA is studios: $695, 1-bedrooms: $1,260, 2-bedrooms: $1,380, 3-bedrooms: $1,920, 4-bedrooms: $2,970. The most common rental property sizes in Redding, CA are 2-bedroom and 3-bedroom, accounting for 45.1% and 34.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,480 | $1,600 |
| Studio Rent | $695 | $695 |
| 1 Bed Rent | $1,200 | $1,260 |
| 2 Bed Rent | $1,350 | $1,380 |
| 3 Bed Rent | $1,850 | $1,920 |
| 4 Bed Rent | $3,000 | $2,970 |
% of Rental Stock
Property Listings — Redding, CA
As of Oct '25, Realtor.com reports that the median days on market for a home in Redding, CA is 77. This is a increase of 57.0% 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 19.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $467,000 | 15.0% |
Listing Count | 147 | 58.0% |
| Listings as % of Homes | 0.3% | 58.0% |
Days on Market | 77 | 57.0% |
Demographics — Redding, CA
As of the latest ACS Survey released in 2023, Redding, CA has a population of 34,000, which has remained stable by 0.4% over the past 5 years. Redding, CA is a moderately popular place for families, as children make up 23.2% of the population. The area has a poorly educated workforce, with 22.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 34,000 | 0.4% |
% Under 18 | 23.2% | -4.9% |
% Seniors | 19.1% | 5.5% |
% WFH | 8.7% | 55.4% |
% w/ College Degree | 22.3% | -2.2% |
As of the latest ACS Survey released in 2023, Redding, CA is a predominantly white area, with 71.6% of the population identifying as white. The white population has shrunk by 4.3% in the last 5 years. The second most common race or ethnicity in Redding, CA is hispanic, making up 13.3% of the population. Foreign-born residents account for 5.5% of the population in Redding, CA, and this percentage has decreased by 17.9% 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 | 71.6% | -4.3% |
% Black | 1.4% | -33.3% |
% Hispanic | 13.3% | 14.7% |
% Asian | 5.9% | 15.7% |
% Foreign Born | 5.5% | -17.9% |
Mortgage and Risk — Redding, CA
According to HUD data as of 2023, there were 457 mortgage originations in Redding, CA, of which 75.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in Redding, CA. Investor activity is low, as 2.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 457 |
% Conventional Loans | 75.0% |
% Government Loans | 25.0% |
% Investor Loans | 2.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Redding, CA
As of 2024, the percent of homes in Redding, CA under the Section 8 program is 9.0%. 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. 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Redding, CA, because HUD payments exceed market rent, while 1-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 533 |
Total Units Section 8 | 482 |
% Rentals under Section 8 | 9.0% |
% Occupied Section 8 | 93.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$60 | $1,200 | $1,140 |
| 2 Bedroom | $150 | $1,350 | $1,500 |
| 3 Bedroom | $250 | $1,850 | $2,100 |
| 4 Bedroom | -$480 | $3,000 | $2,520 |
Affordability — Redding, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.9 |
| Median Home Price | $371,000 |
| Median Household Income | $74,200 |