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These days, finding an affordable place to live in the Redwood Village area can be challenging. Home prices in Redwood Village are now at a median cost of $852,201, lower than the Redwood City average of $1,415,215.
The average cost of rent is $2,221/mo in Redwood Village, primarily driven by the current value of real estate in the Redwood Village area. While nearly 37.91% of residents own their homes outright in Redwood Village, 60.00% rent.
Housing affordability isn’t just about home prices, though. The average household income in Redwood Village is $7,930 per month. Households that rent pay about 28.00% of their income on rent here. Redwood Village's most expensive areas are in the eastern regions, while the cheapest areas are in the northwestern parts of the neighborhood.
Nearby Neighborhoods
- Staumbaugh Heller, Redwood City, CA: equally priced homes
- Fair Oaks, North Fair Oaks, CA: higher priced homes
- Friendly Acres, Redwood City, CA: higher priced homes
- Centennial, Redwood City, CA: higher priced homes
- Roosevelt-San Francisco, Redwood City, CA: higher priced homes
- West Atherton, Atherton, CA: higher priced homes
- Downtown Menlo Park, Menlo Park, CA: higher priced homes
- Farm Hills, Redwood City, CA: higher priced homes
- Emerald Lake Hills, Redwood City, CA: higher priced homes
- Belle Haven, Menlo Park, CA: higher priced homes
Neighborhoods with Similar Populations
- Orchard Meadows, Mundelein, IL: less expensive homes
- Marina West, Oxnard, CA: less expensive homes
- Medina, Zapata, TX: less expensive homes
- Melrose Mercy, St. Petersburg, FL: less expensive homes
- Memorial Heights, San Antonio, TX: less expensive homes
- Milneburg, New Orleans, LA: less expensive homes
- Milroy Farms, Houston, TX: less expensive homes
- Mitchell West, Milwaukee, WI: less expensive homes
- Moose Can Gully, Missoula, MT: less expensive homes
- North Central Loma Linda, Loma Linda, CA: less expensive homes
All Local Stats
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