The housing market in Redding, CA Metro Area is experiencing growth, but not at the same pace as the national market. The median value for homes in Redding is currently $339,100 which is just slightly above the US median of $338,100. Over the past year, the US housing market has appreciated by 8.27%, while Redding’s appreciation rate was lower at 3.09%. This suggests that homebuyers in Redding are not feeling as much pressure to jump into the market due to higher prices and an increase in competition.
The median home cost in Redding Metro Area is $339,100. Home appreciation the last 10 years has been 111.0%. Home Appreciation in Redding Metro Area is up 8.7%.
Average Age of Homes
- The median age of Redding Metro Area real estate is 37 years old
The Rental Market in Redding Metro Area
- Renters make up 32.6% of the Redding Metro Area population
- 1.8% of houses and apartments in Redding Metro Area, 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.