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City · 82,447 residents · San Mateo County, California

Redwood City , California

In Redwood City, a typical home is worth $1,801,700 and typical rent is $2,968 a month. Compared with all of San Mateo County, the typical home value is 16% higher and the share of households that own their home is 10 points lower.

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  • Typical home value

    $1,801,700

    16% above the county

    145% above California

    • Redwood City
    • San Mateo
    • California

  • Typical rent

    $2,968a month

    About the same as the county

    46% above California

    • Redwood City
    • San Mateo
    • California

  • Typical household income

    $157,814a year

    About the same as the county

    59% above California

    • Redwood City
    • San Mateo
    • California

  • Households that own their home

    49%

    10 points below the county

    7 points below California

    • Redwood City
    • San Mateo
    • California

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$1,872,902
6.7% more than 12 months ago
Typical rent
$4,301 a month
9.1% more than 12 months ago

From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).

Redwood City is in San Mateo County. The FHA loan limit ($1,249,125 for a one-unit home), the fair market rents and the help on this page are those of all of San Mateo County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Redwood City apart

What this place has that others do not, from public data, most unusual first.

  1. According to Zillow, in the 12 months to September 2026 the typical home value in Redwood City rose 6.7%; in California, it rose 0.6%.

  2. Nearby, in North Fair Oaks, the typical home value is $1,276,900: 29% less than in Redwood City ($1,801,700).

  3. Nearby, in North Fair Oaks, the typical rent is $2,314: 22% less than in Redwood City ($2,968).

  4. The typical home in Redwood City is worth $1,801,700, 16% more than in San Mateo County as a whole ($1,559,600).

  5. 49% of households in Redwood City own their home, against 58% in San Mateo County.

Sources: Zillow (September 2026 data); U.S. Census Bureau (Average 2020–2024). Zillow data

The homes here

Housing in Redwood City

What homes there are in Redwood City, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

No kind of home is the majority in Redwood City; the largest group, detached houses, adds up to 43%, less than in San Mateo County (55%).

Year built

By age, homes in Redwood City look like those in San Mateo County: the typical year built is 1968.

In Redwood City, 28% of homes have 1 bedroom or none (studios); 44% have 3 bedrooms or more, against 53% in San Mateo County.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes
Monthly rent with utilities

Without a mortgage

$1,131 a month

San Mateo County: $1,113 a month

Owners with a mortgage

69%

San Mateo County: 66%

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

Much as in San Mateo County, the typical home value in Redwood City rose 44% since 2015–2019.

Rents in Redwood City rose at about the same pace as in San Mateo County: 26% since 2015–2019, against 26%.

The typical household income in Redwood City rose 35% over that time; home values changed +44% and rent +26%.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureRedwood CitySan Mateo CountyCaliforniaUnited States
Rental vacancy 8.6%8.5%4.2%5.5%
Homeowner vacancy Unreliable estimate0.7%0.8%0.9%
More than one person per room 9.4%7.5%8.2%3.4%
People per household 2.692.762.842.53
Drive alone 55%57%66%69%
Carpool 10%9%10%9%
Public transit 4%5%3%3%
Walk or bike 4%4%3%3%
Work from home 27%24%17%15%
Other means 1%2%2%2%
Typical commute 20 to 29 minutes20 to 29 minutes20 to 29 minutes20 to 29 minutes

In Redwood City, the rental vacancy rate is 8.6%, about the same as in San Mateo County.

More than one person per room: that is how 9.4% of households in Redwood City live, more than in San Mateo County (7.5%).

Much as in San Mateo County, a household in Redwood City has 2.69 people on average.

In Redwood City, 55% of workers drive alone to work; in San Mateo County, 57%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Redwood City?

A typical home costs more than the typical income allows

We start with a typical home in Redwood City, worth $1,801,700, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 111% of the typical household income in Redwood City, which is $157,814 a year. For that payment to be 28% of income, a household would need to earn about $627,746 a year. Note: at that price the loan is above the FHA limit for San Mateo County ($1,249,125), so FHA would not insure it; the payment is only a reference.

The calculator's FHA and conventional loan limits are those of all of San Mateo County.

Your numbers

Local data
$

Starts at the typical home value in Redwood City. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $63,060 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$14,647

at 7.18% · 30 years

Loan amount
$1,769,066
Total interest
$2,545,271
Paid off in
November 2056

Includes $30,426 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $3,682 a month

  • Tight

    $3,682 to $4,734 a month

  • Hard

    more than $4,734 a month

    Your payment · 111%

Compared with the typical household income in Redwood City ($157,814 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$14,647
Principal & interest$11,984
Property tax$826
Home insurance$751
FHA mortgage insurance (MIP)$1,087

This loan is over the FHA limit

You'd borrow $1,738,640, but the FHA limit for a one-unit home in Redwood City is $1,249,125. You'd need a bigger down payment or a different loan.

You need at least $63,060 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Redwood City and San Mateo County

Redwood City is in San Mateo County, California. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Redwood City's own numbers

Typical home value
$1,801,700
Typical monthly rent
$2,968
Typical yearly household income
$157,814
Households that own their home
49%
Effective property tax rate
0.55%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of San Mateo County

FHA limit, one-unit home
$1,249,125
Conventional limit, one unit
$1,249,125
HUD fair market rent, 2 bedrooms
$3,697
Price change over 5 years (FHFA)
+23%
Homes in a high flood-risk zone
3.9%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of San Mateo County.

Everything about San Mateo County

Buying

Buying a home in Redwood City

A typical home in Redwood City is worth $1,801,700: 16% above the county and 145% above California. With the typical household income in Redwood City ($157,814 a year), a typical home costs 11.4 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Redwood City 11.4 years
  • San Mateo 9.8 years
  • California 7.4 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in San Mateo County

According to FHFA’s house price index, home prices in San Mateo County rose 49% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of San Mateo County.

Period County California U.S.
Last year (2025) −0.6% +0.8% +2.9%
5 years (2020–2025) +23% +40% +47%
10 years (2015–2025) +49% +80% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Redwood City next to San Mateo County, California and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Redwood City $1,801,700
  • San Mateo $1,559,600
  • California $734,700
  • United States $332,700
Typical monthly rent
  • Redwood City $2,968
  • San Mateo $2,922
  • California $2,036
  • United States $1,413
Typical yearly household income
  • Redwood City $157,814
  • San Mateo $158,855
  • California $99,122
  • United States $80,734
See the full table
Redwood City next to San Mateo County and California
Measure Redwood City San Mateo County California U.S.
Typical home value $1,801,700 $1,559,600 $734,700 $332,700
Typical monthly rent $2,968 $2,922 $2,036 $1,413
Typical yearly household income $157,814 $158,855 $99,122 $80,734
Households that own their home 49% 58% 56% 65%
Typical yearly property tax $9,935 $9,519 $5,124 $3,119
Effective property tax rate 0.55% 0.61% 0.7% 0.94%
Renters with high rent for their income 47% 48% 55% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below San Mateo County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Redwood City

For a typical $1,801,700 home in Redwood City, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Redwood City's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $14,647a month

    Above the FHA limit for San Mateo County ($1,249,125)
    Down payment
    $63,060
    Cash to close
    $117,111
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $1,087

  • Conventional, 5% down $14,027a month

    Above the conventional limit for San Mateo County ($1,249,125): it would be a "jumbo" loan
    Down payment
    $90,085
    Cash to close
    $144,136
    Rate
    7.18%
    Mortgage insurance
    PMI · $856

  • Conventional, 20% down, no PMI $11,341a month

    Above the conventional limit for San Mateo County ($1,249,125): it would be a "jumbo" loan
    Down payment
    $360,340
    Cash to close
    $414,391
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $13,006a month

    Down payment
    $270,255
    Cash to close
    $324,306
    Rate
    8.18%
    Mortgage insurance
    None
  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Redwood City and for San Mateo County.

Property tax

Effective rate in Redwood City

0.55%of the home’s value each year

$9,935 a year for the typical owner in Redwood City.

  • Redwood City 0.55%
  • San Mateo 0.61%
  • California 0.7%

What California publishes Homeowners' exemption (California State Board of Equalization (BOE))

Exemptions and deadlines in California

Flood risk in San Mateo County

FEMA does not publish these numbers by city: they are for all of San Mateo County.

Homes in the high-risk zone
3.9%
7,052
Of those, with NFIP insurance
31%
County California U.S.
Homes in the high-risk zone 3.9% 2.8% 3.5%
Of those, with NFIP insurance 31% 31% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Redwood City

Typical rent in Redwood City is $2,968 a month: about the same as the county. In Redwood City, 47% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of San Mateo County, by unit size. To pay the 2-bedroom one ($3,697 a month) without spending more than 30% of your income, you would need to earn $71.10 an hour working full time.

HUD fair market rent for all of San Mateo County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $2,574 $49.50 $102,960
1 bedroom $3,003 $57.75 $120,120
2 bedrooms $3,697 $71.10 $147,880
3 bedrooms $4,832 $92.92 $193,280
4 bedrooms $5,439 $104.60 $217,560

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Redwood City

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Redwood City has 3 ZIP codes with their own.

For 2 bedrooms it runs from $3,810 in 94061 to $4,370 in 94065.

3 of the 3 are above the fair market rent for San Mateo County ($3,697).

  • 94061 $3,810$4,980
  • 94063 $3,850$5,030
  • 94065 $4,370$5,710

2 of these ZIP codes cross the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Redwood City when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Redwood City

HUD lists 13 buildings with rents for lower incomes in Redwood City. These are the largest.

  • Heron Court 350 Gunter Ln, Redwood City 94065 104 low-income homes · For families (650) 593-1915
  • Casa de Redwood 1280 Veterans Blvd, Redwood City 94063 136 homes, 93 low-income · For older adults (650) 369-4819
  • City Center Plaza 950 Main St, Redwood City 94063 81 homes, 80 low-income · 1 bd: 20 · 2 bd: 32 · 3 bd: 22 · 4 bd: 7 · In service since 2017 · For families
  • Hallmark House Apts 531 Woodside Rd, Redwood City 94061 72 homes, 71 low-income · Studio: 2 · 1 bd: 69 · 2 bd: 1 · In service since 2004
  • Fair Oaks Commons (fka: 2821 Ecr) 2821 El Camino Real, Redwood City 94061 67 homes, 66 low-income · Studio: 61 · 1 bd: 5 · 2 bd: 1 · In service since 2020 · For people with disabilities, people experiencing homelessness

See all 83 buildings in San Mateo County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Redwood City

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

We found no HUD-approved agencies with an office in San Mateo County. The nearest ones are below; many serve by phone or online.

A young man and a young woman look something up together on a laptop.

HUD counseling is free or low-cost

Assistance programs in Redwood City

No down payment, repair or rent-help program on our list is for Redwood City or San Mateo County. The ones below are statewide in California: they work in Redwood City the same as in the rest of the state.

Which programs do I qualify for? All programs in California

  • MyHome Assistance Program

    Statewide in California

    CalHFA second loan with deferred payments for the down payment or closing costs of first-time buyers in California. Offered by California Housing Finance Agency (CalHFA).

    Deferred

    See the program Official page

  • California Dream For All Shared Appreciation Loan

    Statewide in California

    Closed, per the source

    CalHFA down payment loan for first-generation buyers in California; when you sell, you repay the loan plus a share of the home's appreciation. Offered by California Housing Finance Agency (CalHFA).

    Shared appreciation

    See the program Official page

  • MyAccess Program

    Statewide in California

    CalHFA second loan with deferred payments for the down payment or closing costs of first-time buyers who use the CalPLUS Access mortgage (FHA or conventional). Offered by California Housing Finance Agency (CalHFA).

    Deferred

    See the program Official page

Housing counselors near Redwood City

The HUD-approved agencies closest to the center of Redwood City, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Eden Council for Hope and Opportunity (ECHO)

    22551 2nd St Ste 200, Hayward · 13 miles away · Spanish

    • Pre-purchase counseling
    • Homebuyer education workshops
    • and 2 more
    (510) 581-9380

  • A-1 Community Housing Services

    22320 Foothill Blvd Ste 200, Hayward · 13 miles away · Spanish

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 6 more
    (510) 674-9227

  • Nid-Hca Oakland Main Branch

    7677 Oakport St, Oakland · 16 miles away · Spanish

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 8 more
    (510) 268-9792

All counseling agencies in California

Help in Spanish near Redwood City

3 of the 3 agencies on this list say they serve in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Redwood City

HUD’s record names them for Redwood City or San Mateo County. They run public housing or Section 8 vouchers. Ask whether their waiting list is open.

  • Housing Authority of the County of San Mateo Public housing and Section 8 vouchers (650) 802-3300

One other authority has an office in San Mateo County: see the list Source: HUD

Cities

Other cities in San Mateo County

These cities are also in San Mateo County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about San Mateo County Housing in California
See 6 more cities in San Mateo County, with prices and rents

Every city has its own page with prices, rents and help.

Nearby cities

The cities closest to Redwood City, with the typical home value.

Neighboring counties

If San Mateo County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Redwood City.

All guides
A mother holds her laughing daughter on a grey sofa.

Questions

Housing questions about Redwood City

Short answers with the numbers for Redwood City and all of San Mateo County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Redwood City?

The typical home value in Redwood City is $1,801,700, according to the U.S. Census Bureau (average 2020–2024). For comparison, in San Mateo County it is $1,559,600.

How much does it cost to rent in Redwood City?

Typical rent in Redwood City is $2,968 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in San Mateo County is $3,697.

What is the FHA loan limit in Redwood City?

Redwood City uses the FHA limit for all of San Mateo County (2026): $1,249,125 for a one-unit home and $2,402,625 for a four-unit home.

How much property tax do owners pay in Redwood City?

The typical homeowner in Redwood City pays $9,935 a year, according to the U.S. Census Bureau. That is 0.55% of the home’s value; in San Mateo County, the rate is 0.61%.

Where can I find free help to buy or rent in Redwood City?

We found no HUD-approved counseling agencies with an office in San Mateo County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).