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Redwood

Learn about the people, housing, costs and businesses in Redwood, California

Median Home$1,538,519
Median Rent$3,012/month
Population82,026
Leading IndustriesProfessional Services · Healthcare · Arts, Food & Hospitality7% professional services
Home Value Growth+2.5% over 2 years
Young Adults32% of residentsabove average nationally
Renters51% of occupied units
NotableHigh Incomes$162k/year · top 3% nationally
NotableAmenity Score73/100 · highly walkable area
Redwood City
CA

Frequently Asked Questions

What are today's mortgage rates in Redwood?

As of today, the 30-year fixed mortgage rate for Redwood is approximately 7.027% (7.060% 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 Redwood?

The median home value in Redwood is $1.5M. The median monthly rent is $3,012. Annual property taxes average $9k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Redwood?

Home values in Redwood have increased 2.5% over the past two years. The market has been relatively stable. 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 Redwood?

Based on a typical all-in ownership cost of $3,232/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $139k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Redwood is $162k/year.

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What industries drive the economy in Redwood?

The largest employment sectors in Redwood are healthcare (24%) and public administration (22%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.