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Redford

Learn about the people, housing, costs and businesses in Redford, New York

Median Home$173,900
Median Rent$960/month
Population355
Leading IndustriesProfessional Services · Finance & Insurance · Information & Media3% professional services
Home Value Growth⬆⬆⬆+22.2% over 2 years
Retirees23% of residentsslightly above average
Homeowners88% of occupied units
Redford
NY

Frequently Asked Questions

What are today's mortgage rates in Redford?

As of today, the 30-year fixed mortgage rate for Redford is approximately 6.881% (6.917% 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 Redford?

The median home value in Redford is $174k. The median monthly rent is $960. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Redford?

Home values in Redford have increased 22.2% 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 Redford?

Based on a typical all-in ownership cost of $1,033/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $44k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Redford is $76k/year.

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What industries drive the economy in Redford?

The largest employment sectors in Redford are public administration (27%) and information and media (9%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.