Zip 94062 (Redwood City, CA) Housing

The housing market in Redwood City, CA (94062) is currently quite strong. The median value of homes sits at $2,339,700 which is significantly higher than the national median of $338,100. The one year appreciation for homes in Redwood City has also been 8.61%, slightly higher than the overall US average of 8.27%. This shows that the city's real estate market is strong and faltering. Those looking to invest in this area should benefit from increasing home values and a thriving market.

The median home cost in Redwood City (zip 94062) is $2,339,700. Home appreciation the last 10 years has been 88.1%. Home Appreciation in Redwood City (zip 94062) is up 13.3%.

Average Age of Homes

- The median age of Redwood City (zip 94062) real estate is 58 years old

The Rental Market in Redwood City (zip 94062)

- Renters make up 24.1% of the Redwood City (zip 94062) population
- 0.4% of houses and apartments in Redwood City (zip 94062), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Redwood City, California	United States
	10,376.0	139,647,020.0
	62	42
	$2,339,700	$338,100
	13.3%	16.6%
	18.4%	57.0%
	88.1%	101.1%
	$6.33	$10.98
	$10,001	$2,690
	68.0%	57.4%
	6.8%	11.2%
	25.2%	31.4%
Vacant Housing
	0.4%	1.9%
	0.4%	0.4%
	0.6%	0.7%
	1.3%	0.4%
	2.0%	3.6%
	2.2%	4.1%
Value of Owner-Occupied Housing
	1.0%	2.6%
	0.0%	2.4%
	0.0%	2.8%
	0.0%	3.9%
	0.0%	4.5%
	0.6%	11.3%
	0.2%	13.0%
	0.4%	20.1%
	0.8%	13.6%
	0.4%	8.3%
	2.2%	9.7%
	3.4%	3.9%
	13.7%	2.2%
	21.1%	0.8%
	56.2%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	4.6%	13.6%
	4.6%	13.6%
	6.1%	13.6%
	9.3%	13.2%
	10.2%	14.8%
	6.1%	13.6%
	18.3%	10.0%
	13.1%	4.7%
	20.3%	12.2%

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