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 Type | 8.60% |
| One Bedroom | 20.40% |
| Two Bedrooms | 30.40% |
| Three Bedrooms | 28.20% |
| Four Bedrooms | 10.40% |
| Five Bedrooms or more | 2% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.67 |
| Median year structure was built | 1959 |
| Median Value of occupied units | $517,800 |
| Median Price asked for vacant units | $513,300 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.56 |
| Median year structure was built | 1965 |
| Median Monthly Rent asked for vacant units | $1,462 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.10% |
| Second Mortgage | 10.30% |
| Home Equity Loan | 11.80% |
| Simple Mortgage | 54.80% |
| Debt Free | 22.90% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 23% |
