Redwood City is a moderately-sized city located in the state of California. The city has a population of 82,595 people. In Redwood City, there are 4,280 people per square mile, which is well above the national population density average. More than a quarter of the residents of Redwood City identify themselves as Hispanic or Latino, and 32% of the population speak Spanish as their primary or secondary language. Redwood City is known to be family friendly as more than 77% of the population has already tied the knot. It might also be worth noting that 50% of residents also have children under the age of 18.
Living in Redwood City can be a great experience for anyone relocating to the town. Having said that, in the state of California, there are many amazing places to live, so choose wisely! Finding the best places to live in Redwood City and nearby areas is a much easier task when you can rely on information and data from the livability score, which includes amenities, education, employment, housing and other important metrics.
With a livability score of 74/100, Redwood City is ranked #5,891 in the United States and #234 in California. If we consider each of the categories on their own, we see that Redwood City ranks well for amenities (A+), crime (A-), weather (B+) and employment (B+). On a less positive note, Redwood City does not have favorable grades for the following: cost of living (F) and education (D-). If we take a look at the data, we can find out why.
Conveniently located amenities and interesting attractions are a great way to continuously enjoy Redwood City on a regular basis. Knowing that there are an abundance of amenities and things to do can ensure that you always have access to nearby grocery stores, restaurants and coffee shops.
Assuming that Redwood City meets all of your requirements, the next most important item to examine is the affordability of real estate in Redwood City. Everything else becomes a lot less important if it turns out that home prices in Redwood City are simply unattainable. The median home price for Redwood City homes is $924,300, which is 125.8% higher than the California average. If we take a closer look at the affordability of homes in Redwood City, we’ll see that the home price to income ratio is 10.2, which is 59.4% higher than the California average. Year over year appreciation rates for homes in the Redwood City area were 14.4% and the 5 year appreciation rates came in at 13.8%. Why is this important? Knowing the appreciation rates for any area is a quick and easy way to determine if you will see a solid return on your investment.