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Redwood City, CA Real Estate


According to census data in the year 2000 there were 28,928 housing units in Redwood City. This represents a 7.8% growth from 26,847 in 1990.

Of those housing units, 28,928 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.

Homeownership rate in Redwood City is about 53%. Redwood City's vacancy rate, including seasonal lodging, is about 2.9%. Average household size is 2.62 people.

The majority of houses, apartments or condos in Redwood City were built after 1963.

Statistics

Housing Size

Housing Units by Size
Studio Type8.60%
One Bedroom20.40%
Two Bedrooms30.40%
Three Bedrooms28.20%
Four Bedrooms10.40%
Five Bedrooms or more2%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.67
Median year structure was built1959
Median Value of occupied units$517,800
Median Price asked for vacant units$513,300

Rented Homes, Apartments and Condos

Average Household Size2.56
Median year structure was built1965
Median Monthly Rent asked for vacant units$1,462

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.10%
Second Mortgage10.30%
Home Equity Loan11.80%
Simple Mortgage54.80%
Debt Free22.90%
As % of Housing Units
         
Median part of Monthly Household Income dedicated to covering home ownership costs23%