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These days, finding an affordable place to live in the Redwood City area can be challenging. Home prices in Redwood City are now at a median cost of $1,552,606, higher than the California average of $812,006.
The average cost of rent is $3,033/mo in Redwood City, primarily driven by the current value of real estate in the Redwood City area. In Redwood City, 48.13% of households rent, and 32.00% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Redwood City is $14,337 per month. Households that rent pay about 21.15% of their income on rent here. Redwood City’s most expensive areas are in the western regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- North Fair Oaks, CA: less expensive homes
- San Carlos, CA: higher priced homes
- Atherton, CA: higher priced homes
- Menlo Park, CA: higher priced homes
- Woodside, CA: higher priced homes
- Belmont, CA: higher priced homes
- Foster City, CA: equally priced homes
- East Palo Alto, CA: less expensive homes
- Stanford, CA: higher priced homes
- Palo Alto, CA: higher priced homes
Cities with Similar Populations
- Newark, DE: less expensive homes
- North Port, FL: less expensive homes
- North Las Vegas, NV: less expensive homes
- Norristown, PA: less expensive homes
- New Orleans, LA: less expensive homes
- North Hollywood, CA: less expensive homes
- Newark, NJ: less expensive homes
- North Hills, CA: less expensive homes
- New Port Richey, FL: less expensive homes
- Noblesville, IN: less expensive homes
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