Mortgage payment estimates, closing cost breakdowns, and homebuying data for Redding, California.
Median Home Price
$385K
Population
92K
Avg Monthly Rent
$1,380
Property Tax Rate
0.73% *
* Property tax shown is the California state average effective rate. Actual rates vary by county, city, and school district — check with your local assessor for exact rates in Redding.
Redding vs California Median
The median home price in Redding is $385,000, which is 51% below the California state median of $785,000.
Mortgage Calculator — Redding, CA
Pre-filled with Redding median home price and California tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $385K home using California's 0.73% tax rate and $2,200/yr insurance.
5% Down
$2,943/mo
Down: $19,250
Loan: $366K
P&I: $2,312
Tax: $234
Insurance: $183
PMI: $213
10% Down
$2,810/mo
Down: $38,500
Loan: $347K
P&I: $2,190
Tax: $234
Insurance: $183
PMI: $202
20% Down (No PMI)
$2,364/mo
Down: $77,000
Loan: $308K
P&I: $1,947
Tax: $234
Insurance: $183
Income needed (28% rule): $101K/year with 20% down, $120K/year with 10% down.
Rent vs Buy in Redding
Rent
$1,380/mo
vs
Buy (10% down)
$2,810/mo
Price-to-rent ratio: 23.2 — At a ratio above 20, renting may be more economical in Redding for shorter stays. Buying costs $1,430 more per month than renting, and it typically takes 5-7 years to break even on the transaction costs of buying.
The median home price in Redding is $385,000, 51% below the California state median of $785,000. With a population of 92,336, Redding is a smaller market where home prices tend to be more accessible than in many parts of California.
Property taxes in California average 0.73% annually. This moderate property tax rate means a $385,000 home in Redding would carry roughly $234/month in property taxes. Homeowners insurance in California runs approximately $2,200 per year. This is within the normal range nationally.
Average rent in Redding is $1,380/month. With a price-to-rent ratio above 20, renting could be more economical in the short term — use our Rent vs Buy calculator to model your specific timeline.
Redding presents moderate affordability. The $385K median puts homeownership within reach for median-income households, though down payment savings and closing costs require planning.
Run a Rent vs Buy analysis
Compare total costs of renting vs buying in Redding.