Home Values in Redding, California — 2026 Market Report
Updated March 2026 | Balanced Market | +2.6% YoY
The median home value in Redding, California is $365,000 as of March 2026, which is near the national median of $400,000. Home values in Redding have increased by 2.6% over the past year and 13.7% over the last five years. With a population of 92,590 and a median household income of $48,250, the price-to-income ratio stands at 7.6x, making Redding affordable for the average household.
Redding Housing Market Conditions
| Metric | Redding | National Avg |
|---|---|---|
| Median Home Value | $365,000 | $400,000 |
| YoY Appreciation | +2.6% | +3.8% |
| 5-Year Appreciation | +13.7% | +22.4% |
| Price per Sq Ft | $296 | $222 |
| Days on Market | 58 days | 45 days |
| Months of Supply | 4 | 3.5 |
| List-to-Sale Ratio | 98.7% | 98.5% |
| Monthly Homes Sold | 41 | — |
| Foreclosure Rate | 0.53% | 0.3% |
Home Value Trends in Redding
A homeowner who purchased at the median price of $321,020 five years ago in Redding would have gained approximately $43,980 in equity, representing a 13.7% return on investment. Over the past year alone, the typical homeowner gained $9,250 in home equity.
Affordability in Redding, CA
With a median household income of $48,250 and a median home price of $365,000, the price-to-income ratio in Redding is 7.6x. A ratio below 3x is generally considered affordable, while above 5x indicates significant affordability challenges. The average monthly rent of $2,252 compared to estimated monthly ownership costs of $1,965 gives a rent-vs-buy ratio of 0.87. In Redding, buying is currently competitive with renting when factoring in equity accumulation.
Property Taxes in Redding
The effective property tax rate in California is 0.76%. On a home valued at $365,000, the estimated annual property tax bill is $2,774, or approximately $231/month. Property taxes are an important factor in the total cost of homeownership and can significantly impact affordability. The cost of living index in Redding is 100.5 (100 = national average), indicating living costs are near the national average.
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Open Mortgage CalculatorFrequently Asked Questions
What is the median home value in Redding, CA?
The median home value in Redding, California is $365,000 as of March 2026. Home values have changed +2.6% over the past year, with a 5-year appreciation of 13.7%.
Is Redding a buyer's or seller's market?
Redding is currently a balanced market with 4 months of housing supply. Homes spend an average of 58 days on market, and the list-to-sale price ratio is 98.7%. Supply and demand are relatively balanced.
Are home values going up in Redding?
Yes, home values in Redding have increased by 2.6% over the past year. The 5-year appreciation rate is 13.7%, meaning a home worth $321,020 five years ago is now worth $365,000.
Is it better to rent or buy in Redding?
The average monthly rent in Redding is $2,252, while estimated monthly homeownership costs are approximately $1,965. The price-to-rent ratio is 13.5. Based on current conditions, buying may be more cost-effective than renting in this market.
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Disclaimer: Home value data for Redding, California is based on publicly available market data and estimates. Actual home values may vary based on property condition, location within the city, and current market conditions. Data is updated regularly but may not reflect the most recent transactions. Last updated: March 2026.