Home Values

Redwood City Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$1,174,100

  • 17.0% 1-year change
  • 8.1% 1-year forecast

The median home value in Redwood City is $1,174,100. Redwood City home values have gone up 17.0% over the past year and Zillow predicts they will rise 8.1% within the next year. The median list price per square foot in Redwood City is None. The median rent price in Redwood City is $3,545, which is higher than the San Francisco Metro median of $2,960.

Foreclosures will be a factor impacting home values in the next several years. In Redwood City 0.9 homes are foreclosed (per 10,000). This is lower than the San Francisco Metro value of 1.3 and also lower than the national value of 3.5

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Redwood City is 1.7%, which is lower than the national value of 6.0%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Redwood City homeowners underwater on their mortgage is 2.0%, which is lower than San Francisco Metro at 6.1%.

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Relative ZHVI
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Redwood City Market Overview

Data through May 31, 2015
  • $1,174,100 ZHVI
  • 8.1% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (May 31, 2016)
  • No data Median listing price
  • $1,196,050 Median sale price
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Redwood City Market Health

Data through May 31, 2015
  • No recent data Very healthy
  • No data Average days on Zillow
  • 2.0% Homes with negative equity (15.4% US Avg) (Mar 31, 2015)
  • 1.7% Delinquent on mortgage (6.0% US Avg) (Mar 31, 2015)

Homes foreclosed (per 10,000)

0.9 homes Redwood City
1.3 homes San Francisco Metro
3.5 homes United States
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Nearby Cities

Name Median ZHVI
Atherton $4,610,600
Stanford $2,449,600
Emerald Lake Hills $1,662,100
Name Median ZHVI
Menlo Park $1,609,600
San Carlos $1,259,900
Belmont $1,183,400
Name Median ZHVI
Foster City $1,095,500
North Fair Oaks $572,600
East Palo Alto $472,200

Listings & Sales

Data through May 31, 2015
  • No recent data Median list price / sq ft
  • $814 Median sale price / sq ft
  • No data Listings with price cut
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Redwood City Rentals

Data through May 31, 2015
  • Zillow Rent Index

  • $4,172 Redwood City
    $3,198 San Francisco Metro
    $1,367 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 2.7 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Dec 31, 2014)
  • $3,545 Rent list price
  • $3.25 Rent list price / sq ft
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