Quick facts: Redwood city, CA

Quick Facts

145.3
Cost of Living
above US average
80,512
Population
19.19
Crime Rate per 1000
below US average
$145,620
Median Income
above US average
$799,000
Median House Price
above US average
$4094.05
Average Rent
above US average
9%
Poverty Rate
below US average
3.4%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $145,620.

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Income Needed to Buy

βœ— Stretch
$251k/year
Based on $799,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $251k vs median $145,620
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Income Needed to Rent

⚠ Stretch
$175k/year
Based on $4094.05/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $175k vs median $145,620
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Redwood city, CA

Redwood City, located in San Mateo County, California, is a vibrant city situated on the San Francisco Peninsula, approximately 27 miles south of San Francisco. Known for its rich history, Redwood City was incorporated in 1867 and emerged as a regional hub during the timber boom of the late 19th century. Today, it boasts a diverse economy, with strong sectors in technology, healthcare, and tourism. The city is home to a charming downtown area that features a mix of modern shops, restaurants, and cafes, alongside historic architecture. The Redwood City Courthouse Square often hosts public events, concerts, and farmers' markets, fostering a strong sense of community. Outdoor enthusiasts can enjoy scenic parks, including Edgewood Park and Natural Preserve, which offers miles of trails and stunning views of the Bay Area. The city's proximity to the San Francisco Bay makes it a prime spot for water activities and regional explorations. Redwood City also enjoys a Mediterranean climate with mild, wet winters and warm, dry summers, attracting both residents and visitors year-round. With its unique blend of history, community spirit, and outdoor beauty, Redwood City is a thriving place to live and explore.

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