Redding, CA—96003
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 $400,000, 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 | $400,000 | -0.6% |
| Single Family | $401,000 | -1.0% |
| Condos | $247,000 | 0.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $206,000 | -3.3% |
2 Bed | $284,000 | -0.4% |
3 Bed | $393,000 | -0.8% |
4 Bed | $493,000 | -0.6% |
| 5 Bed | $595,000 | -1.3% |
% of Housing Stock
Rental Trends — Redding, CA
As of July '25, Rentcast reports the average rent in Redding, CA is $1,840, with a year-over-year rent change of -1.6%. Per bedroom, the median rent as of July '25 in Redding, CA is 1-bedrooms: $1,220, 2-bedrooms: $1,480, 3-bedrooms: $2,160, 4-bedrooms: $2,480. The most common rental property sizes in Redding, CA are 2-bedroom and 3-bedroom, accounting for 43.8% and 27.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,700 | $1,840 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,290 | $1,220 |
| 2 Bed Rent | $1,500 | $1,480 |
| 3 Bed Rent | $2,100 | $2,160 |
| 4 Bed Rent | $2,400 | $2,480 |
% 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 63. This is a increase of 11.0% 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 | $410,000 | -9.0% |
Listing Count | 177 | 0.0% |
| Listings as % of Homes | 0.5% | 0.0% |
Days on Market | 63 | 11.0% |
Demographics — Redding, CA
As of the latest ACS Survey released in 2023, Redding, CA has a population of 44,100, which has remained stable by -0.9% over the past 5 years. Redding, CA is a moderately popular place for families, as children make up 20.0% of the population. The area has a moderately educated workforce, with 27.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 44,100 | -0.9% |
% Under 18 | 20.0% | 0.5% |
% Seniors | 20.6% | 1.5% |
% WFH | 7.6% | 18.8% |
% w/ College Degree | 27.4% | 6.6% |
As of the latest ACS Survey released in 2023, Redding, CA is a predominantly white area, with 76.3% of the population identifying as white. The white population has shrunk by 4.9% in the last 5 years. The second most common race or ethnicity in Redding, CA is hispanic, making up 10.6% of the population. Foreign-born residents account for 6.2% of the population in Redding, CA, and this percentage has decreased by 7.5% 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 | 76.3% | -4.9% |
% Black | 1.0% | -9.1% |
% Hispanic | 10.6% | 10.4% |
% Asian | 4.2% | -6.7% |
% Foreign Born | 6.2% | -7.5% |
Mortgage and Risk — Redding, CA
According to HUD data as of 2023, there were 623 mortgage originations in Redding, CA, of which 78.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 26.0% 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. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 623 |
% Conventional Loans | 78.0% |
% Government Loans | 22.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Redding, CA
As of 2024, the percent of homes in Redding, CA under the Section 8 program is 8.5%. 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. In Redding, CA, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 878 |
Total Units Section 8 | 658 |
% Rentals under Section 8 | 8.5% |
% Occupied Section 8 | 93.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $50 | $1,290 | $1,340 |
| 2 Bedroom | $260 | $1,500 | $1,760 |
| 3 Bedroom | $370 | $2,100 | $2,470 |
| 4 Bedroom | $560 | $2,400 | $2,960 |
Affordability — Redding, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.5 |
| Median Home Price | $400,000 |
| Median Household Income | $71,800 |