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Redding, CA—96003

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$407,000
1.5% YoY Growth
Household Income
$71,800
39.4% YoY Growth
Days on Market
40
2.0% Shorter YoY
Home Price Forecast
-1.8%
Median Rent
$1,700
1.6% YoY Growth
1-Bed Rent
$1,290
26.6% YoY Growth
2-Bed Rent
$1,500
0.0% YoY Growth
3-Bed Rent
$2,100
0.0% YoY Growth

Other Zip Codes in Redding, CA

9600196002
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Redding, CA

As of May '26, the median home price in Redding, CA is $407,000, with a year-over-year change of -1.5%. This indicates that home prices in Redding, CA are decreasing. According to Zillow, the 1-year price projection is -1.8%, suggesting a decrease housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$407,000-1.5%
Single Family $408,000-1.4%
Condos $243,000-2.8%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • $214,000
    -3.6%
    2 Bed
    		$290,000-2.7%
    3 Bed
    		$399,000-1.2%
    4 Bed
    		$502,000-1.2%
    5 Bed $611,001-0.6%
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    % of Housing Stock

    Studio
    2.2%
    1 Bedroom
    8.6%
    2 Bedrooms
    31.0%
    3 Bedrooms
    45.4%
    4 Bedrooms
    11.3%
    5+ Bedrooms
    1.5%

    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.

    TypeMedian RentAverage Rent
    Average Rent$1,700$1,840
    Studio Rent N/AN/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
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    % of Rental Stock

    Studio
    4.3%
    1 Bedroom
    19.2%
    2 Bedrooms
    43.8%
    3 Bedrooms
    27.4%
    4 Bedrooms
    4.9%
    5+ Bedrooms
    0.4%

    Property Listings — Redding, CA

    As of May '26, Realtor.com reports that the median days on market for a home in Redding, CA is 40. This is a decrease of -2.0% from last year, suggesting that homes are sitting on the market shorter 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.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$467,000-1.0%
    Listing Count
    		184-5.0%
    Listings as % of Homes0.5%-5.0%
    Days on Market
    		40-2.0%
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    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.

    MetricLatest CensusYoY % 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%
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    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

    MetricLatest Census5-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%
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    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

    MetricZip 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%
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    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 SizeHUD PremiumMarket RentMax 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

    MetricZip Code Average
    Home Price to Income Ratio5.7
    Median Home Price$407,000
    Median Household Income$71,800

    Redding, CA — ZIP Code Boundary Map

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    Frequently Asked Questions