The story of this market
The typical home in ZIP 94061 sells for about $2,031,667, or $1,361 per square foot.
Homes take about 14 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $3,697 a month.
ZIP 94061 — Redwood City
The 94061 housing market is characterized by high demand and competitive conditions, with homes frequently selling above the asking price. Inventory remains tight, keeping the market firmly in favor of sellers. Specific figures for population, income, and tax rates are not currently available at the ZIP level.
The area is well-suited for commuters and professionals working in the tech sector, given its central location between San Francisco and San Jose.
Median prices moved sideways 0.0% year over year.
Homes spend a median of 14 days on market with 3.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 104% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) — a stable, low-distress profile.
Redwood City serves as a major hub for the technology industry, hosting prominent companies such as Electronic Arts and Oracle.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (California) — Mello-Roos Community Facilities Act Special Parcel Tax Assessment: Levies an annual direct, non-ad valorem special tax directly on the parcel's secured property tax bill to fund designated community infrastructure (e.g., roads, sewer facilities, school facilities, emergency services) and repay municipal debt bonds. State (California) — California Homeowners' Property Tax Exemption: Reduces the taxable assessed value of the qualifying owner-occupied principal residence by $7,000 against the county assessment roll, generating a direct tax savings of approximately $70 annually (computed as $7,000 × 1% base rate). State (California) — California Proposition 13 Ad Valorem Real Property Tax: Establishes a base ad valorem tax rate capped at 1.0% of assessed value plus voter-approved local indebtedness and direct assessments (typically resulting in an effective tax rate of 1.1% to 1.25%).
The local economy is heavily anchored by the technology sector, with major employers including Electronic Arts and Oracle.
Key-figure check: median price diverges 13.9% from the nearest retained anchor (prior refresh cycle) — beyond the 12.5% tolerance; an automated validation case is open and the value publishes pending its verdict. Validation: the flagged $1,750,000 (-13.9% vs the prior refresh cycle) failed independent re-validation and was reverted to the prior cycle value; the case is under review in the Command Center.