Real Estate Investing in Redding, California (96002)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 96002 (Redding, CA)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
What’s happening in Redding, CA (96002)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 96002 Redding
Not every below-median market is a bargain. Redding's 96002 ZIP reflects signals that favor experienced operators who can absorb the risk $384K pricing implies.
For an experienced owner, 96002 can be a a viable market for hunting ground — but the discount at $384K reflects genuine risk that outside investors often underestimate.
Nearby ZIPs in Redding have seen price recovery that 96002 has not matched. Shasta County data supports the view that the spread is structural rather than temporary.
Resident income in 96002 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
The right play in 96002 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Redding:
Property Strategy for 96002
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $257,902 | $1,530 | 4.3% | +3.3% | $128,951 |
| 3BR | $347,611 | $2,130 | 4.4% | +4.9% | $115,870 |
| 4BR | $498,945 | $2,570 | 3.7% | +4.8% | $124,736 |
| 5BR | $614,369 | — | — | +4.9% | $122,874 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 96002 Compare?
| Metric | 96002 | Redding | Redding, CA | California |
|---|---|---|---|---|
| Home Value | $384,296 | $168,915 | N/A | $761,003 |
| 5-Year CAGR | 2.2% | 2.1% | N/A | 5.7% |
| Avg Rent | $1,642 | $1,678 | N/A | - |
| Cap Rate | 3.3% | 3.3% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 96002 (Redding, CA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $384,296 |
| Monthly Rent | $1,642 |
| Price-to-Rent | 19.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.1% |
| Cap Rate | 3.3% |
| 5-Year IRR | 5.6% |
📈 Home Appreciation
| 1-Year | +3.1% ▲ |
| 3-Year CAGR | +1.4% ▲ |
| 5-Year CAGR | +2.2% ▲ |
| 10-Year CAGR | +5.4% ▲ |
🏠 Rent Trends
| 1-Year | +14.5% ▲ |
| 3-Year CAGR | +8.1% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.3%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 96002
Population: 34,023
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 96002
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 2,642 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Do landlords face vacancy issues in Redding, CA?
Occupancy in Redding, CA runs predictable with elevated vacancy. Well-priced units at $1,642/mo lease on reasonable timelines.
How do home values compare in Redding, CA?
The median home value in Redding, CA is roughly $384K. That puts it reasonable relative to the CA statewide average.
Does Redding, CA make sense for an investment property?
Redding, CA clocks in at an investability rating of 3.0/5, with median home values near $384K and average rents around $1,642/mo. That combination puts it in the impressive tier for investor interest.
Is Redding, CA landlord-friendly?
Landlord-friendliness in Redding, CA is tenant-protective. Eviction timelines and lease enforcement are considered reasonable by most property managers.
Are rents high in Redding, CA?
Average rent in Redding, CA is approximately $1,642/mo per month. Against $384K home values that yields a reasonable rent-to-price ratio.
You know 96002 now. You don’t know where it ranks.
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How 96002 ranks in Redding, CA
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