Redwood City's October First-Time Homebuyer Report

Redwood City is older than the rest of California, with a median age of 36. It's very affluent as well, with a median income of $76,362 per household. 94061, 94063, and 94070 are its three most populated zip codes. Detached homes account for 75% of the area's current housing market. Heading the list of top schools in the city is Sandpiper Elementary School.

Culture

If you're looking to explore the landscape of Redwood City, then check out Bay Club Redwood Shores and Courthouse Square, Foursquare's most popular places for outdoor activities. If you're looking for some recommended attractions, local favorites are Cinemark Redwood Downtown 20 and XD and Fox Theatre. And finally, Milagros Cantina is a frequently visited spot to get a drink.

Price Range

The median value of homes in Redwood City is $681,400, making it one of the most valuable areas in California. At the same time, the average list price of available homes is presently $1,316,397. 94070, 94065, and 94061 have the highest worth in the city.

Out of all the listings in Redwood City, these have been viewed the most. So be sure to see what all the fuss is about with these fabulous homes.

$1.4M   $1M   $788K  

Typical Dwelling

The typical dwelling in Redwood City is a three-bedroom detached home worth about $1,385,861. To purchase a similar home, a buyer with good credit and a $277,172 cash down payment could obtain a mortgage with a 3.95% interest rate and a $5,667 monthly payment. The property tax rate is $5.34 per $1,000 of taxable assessed value.

Get started right now by checking out Redwood City homes for sale or reviewing Redwood City real estate trends.


Data reported through 10/13/2016

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