Redding, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Redding Neighborhoods Since 2000




Redding, CA Real Estate Data


Redding Housing Market Information

With 91,582 people, 34,818 houses or apartments, and a median cost of homes of $271,211, Redding real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Redding, accounting for 64.32% of the city's housing units. Other types of housing that are prevalent in Redding include large apartment complexes or high rise apartments ( 13.19%), duplexes, homes converted to apartments or other small apartment buildings ( 12.77%), and a few mobile homes or trailers ( 5.82%).

The most prevalent building size and type in Redding are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 51.91% owning and 48.09% renting.

There is a lot of housing in Redding built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Redding built between 1940-1969 ( 25.45%). A lesser amount of the housing stock also hails from between 2000 and later ( 14.21%). There's also some housing in Redding built before 1939 ( 2.61%).

Redding Home Appreciation Rates

Homes have actually lost value in Redding over the last then years, as home values have seen a decline of 20.40% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Redding home appreciation rates at 2.28%, which equates to an annual appreciation rate of 9.44%.

Over the last year, Redding appreciation rates have trailed the rest of the nation. In the last twelve months, Redding's appreciation rate has been 3.48%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Redding were at 2.28%, which equates to an annual appreciation rate of 9.44%.

Relative to California, our data show that Redding's latest annual appreciation rate is lower than 90% of the other cities and towns in California.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Redding differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Redding - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Redding real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$271,211

Redding, CA HOME PRICES

Value Range
> $1,247,000 0.5
$935,001 - $1,247,000 1.3
$623,001 - $935,000 3.6
$499,001 - $623,000 5.1
$374,001 - $499,000 13.8
$249,001 - $374,000 29.9
$125,001 - $249,000 32.2
$62,001 - $125,000 4.6
$0 - $62,000 9.0

Low for CA
High for Nation

Value Relative to Nation Value Relative to State
20.0854951103824 75.0330250990753

Number Of Homes And Apartments:
34,818

Rent & Ownership

 

Average Market Rent:
$1,332 / per month

Homeownership Rate

Homeownership
Owners 51.91
Renters 48.09
Vacant 9.08

Housing Market Details

 

Age of Homes

AGE OF Redding HOMES
2000 or Newer 14.2
1970 - 1999 57.7
1940 - 1969 25.4
1939 or Older 2.6

Types of Homes

TYPE OF Redding HOMES
Single-Family 64.3
Townhomes 3.8
Small Apt. Buildings 12.8
Apt. Complexes 13.2
Mobile Homes 5.8
Other 0.2

Home Size

SIZE OF Redding HOMES
No Bedroom 2.34
1 Bedroom 9.02
2 Bedrooms 28.65
3 Bedrooms 45.81
4 Bedrooms 12.52
5 or more bedrooms 1.65

Redding Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
77.35% 3.43% 5 9
* 10 is highest