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Redding

Learn about the people, housing, costs and businesses in Redding, Connecticut

Median Home$595,400
Median Rent$1,728/month
Population25,206
Leading IndustriesRetail · Manufacturing · Professional Services14% retail
Home Value Growth⬆⬆⬆+21.1% over 2 years
Retirees21% of residentsslightly above average
Homeowners79% of occupied units
NotableHigh Incomes$114k/year · top 23% nationally
Redding
CT

Frequently Asked Questions

What are today's mortgage rates in Redding?

As of today, the 30-year fixed mortgage rate for Redding is approximately 6.816% (6.849% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Redding?

The median home value in Redding is $595k. The median monthly rent is $1,728. Annual property taxes average $8k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Redding?

Home values in Redding have increased 21.1% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Redding?

Based on a typical all-in ownership cost of $2,056/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $88k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Redding is $114k/year.

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What industries drive the economy in Redding?

The largest employment sectors in Redding are public administration (22%) and retail (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.