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Redwood City city, CA

ZIP 94063 — 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 94063

Median Home Value
$1,077,100
Median Rent
$2,655
Affordability Snapshot
$297,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$6,919/mo PITI).

28%
Rent-to-Income Ratio

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

9.3x
Home Price-to-Income Ratio

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

33.8 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 94063 in Redwood City city, CA, a household would need roughly $297,000 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 $6,919. That is about 157% above the local median household income ($115,528), 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
31.5%-52% vs US avg
x
Vacancy Rate
7.2%-30% vs US avg
x
Broadband Access
92.6%+6% vs US avg
x
4+ Bedrooms
0.8%-94% vs US avg
x
Built Pre-1939
14.9%+16% vs US avg
x
Built Post-2014
1.2%-83% vs US avg
x
Rent Burden >30%
25.2%-49% vs US avg
x
Mortgage-Free
34.2%-10% vs US avg
x
$1,077,100
Home Value
$2,655
Rent
1969
Year Built
2016
Moved In

Residents have lived here since ~2016 on average

Housing Structure

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

  • 1-unit detached27.6%
  • 1-unit attached10.6%
  • 2-9 units14.2%
  • 10+ units39.8%
  • Mobile home & other7.8%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$1,077,100
Median rent$2,655
Owner-occupied31.5%
Vacant7.2%
Price-to-income9.3x
Est. income to buy$297,000