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Redwood City city, CA

ZIP 94061 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Upper Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 94061

Median Home Value
$1,938,300
Median Rent
$2,621
Affordability Snapshot
$534,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$12,451/mo PITI).

22%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

13.7x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

61.6 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 94061 in Redwood City city, CA, a household would need roughly $534,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $12,451. That is about 277% above the local median household income ($141,599), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Diverse housing tenure.

Heating Fuel
Housing Metrics
Owner Occupied
52.9%-19% vs US avg
x
Vacancy Rate
6.9%-33% vs US avg
x
Broadband Access
93.1%+7% vs US avg
x
4+ Bedrooms
1.7%-88% vs US avg
x
Built Pre-1939
12.2%-5% vs US avg
x
Built Post-2014
0.5%-92% vs US avg
x
Rent Burden >30%
27.7%-44% vs US avg
x
Mortgage-Free
31.5%-18% vs US avg
x
$1,938,300
Home Value
$2,621
Rent
1959
Year Built
2012
Moved In

Residents have lived here since ~2012 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached53.1%
  • 1-unit attached12.6%
  • 2-9 units16.3%
  • 10+ units18.1%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$1,938,300
Median rent$2,621
Owner-occupied52.9%
Vacant6.9%
Price-to-income13.7x
Est. income to buy$534,000