The housing market in 96002 Redding, CA is quite stable with a median value of $348,700. This is slightly higher than the US median house value of $338,100. Despite the recent US house appreciation rate of 8.27%, the appreciation rate for houses in 96002 Redding, CA is slightly lower at 5.62%. This could suggest that this market is fairly resilient and able to withstand economic downturns better than other markets in the US. Furthermore, it could be an indication that houses in this area are desirable and sought after by buyers as they offer good value for money.
The median home cost in Redding (zip 96002) is $348,700. Home appreciation the last 10 years has been 111.0%. Home Appreciation in Redding (zip 96002) is up 8.7%.
Average Age of Homes
- The median age of Redding (zip 96002) real estate is 39 years old
The Rental Market in Redding (zip 96002)
- Renters make up 39.6% of the Redding (zip 96002) population
- 1.8% of houses and apartments in Redding (zip 96002), 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.