Redding, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Redding Neighborhoods Since 2000




Redding, CA Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Redding Housing Market Information

With 91,582 people, 35,436 houses or apartments, and a median cost of homes of $250,568, 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 64.02% of the city's housing units. Other types of housing that are prevalent in Redding include large apartment complexes or high rise apartments ( 13.24%), duplexes, homes converted to apartments or other small apartment buildings ( 12.89%), and a few mobile homes or trailers ( 6.17%).

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 51.21% owning and 48.79% 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 ( 24.27%). A lesser amount of the housing stock also hails from between 2000 and later ( 14.12%). There's also some housing in Redding built before 1939 ( 2.75%).

Redding Home Appreciation Rates

Homes have actually lost value in Redding over the last then years, as home values have seen a decline of 19.90% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Redding home appreciation rates at 0.82%, which equates to an annual appreciation rate of 3.33%.

NeighborhoodScout's data show that during the latest twelve months, Redding's appreciation rate, at 3.90%, has been at or slightly above the national average. In the latest quarter, Redding's appreciation rate has been 0.82%, which annualizes to a rate of 3.33%.

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:
$250,568

Redding, CA HOME PRICES

Value Range
> $1,201,000 0.4
$901,001 - $1,201,000 1.1
$601,001 - $901,000 3.1
$481,001 - $601,000 4.7
$361,001 - $481,000 15.2
$240,001 - $361,000 30.1
$120,001 - $240,000 32.5
$60,001 - $120,000 4.7
$0 - $60,000 8.2

Low for CA
High for Nation

Value Relative to Nation Value Relative to State
22.4481425055666 76.3227513227513

Number Of Homes And Apartments:
35,436

Redding Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
74.71% 3.29% 4 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,215 / per month

Homeownership Rate

Homeownership
Owners 51.21
Renters 48.79
Vacant 8.44

Housing Market Details

 

Age of Homes

AGE OF Redding HOMES
2000 or Newer 14.1
1970 - 1999 58.9
1940 - 1969 24.3
1939 or Older 2.7

Types of Homes

TYPE OF Redding HOMES
Single-Family 64.0
Townhomes 3.5
Small Apt. Buildings 12.9
Apt. Complexes 13.2
Mobile Homes 6.2
Other 0.2

Home Size

SIZE OF Redding HOMES
No Bedroom 2.93
1 Bedroom 8.69
2 Bedrooms 28.92
3 Bedrooms 45.64
4 Bedrooms 12.15
5 or more bedrooms 1.67