Redwood City, CA is a bustling city with an expensive housing market. According to current data, the median value of a house in Redwood City is $1,610,500, which is significantly higher than the US house median value of $338,100. Furthermore, in the past 12 months, house appreciation in Redwood City has been 8.61%, slightly higher than the US 1 year house appreciation rate of 8.27%. This suggests that for potential buyers looking to invest in Redwood City’s real estate market will be seeing a positive return on their investment relatively soon.
The median home cost in Redwood City is $1,610,500. Home appreciation the last 10 years has been 88.1%. Home Appreciation in Redwood City is up 13.3%.
Average Age of Homes
- The median age of Redwood City real estate is 53 years old
The Rental Market in Redwood City
- Renters make up 45.9% of the Redwood City population
- 3.1% of houses and apartments in Redwood City, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.