During this past month of October, the median rental price for a single family home in Redding was $1,360 and median sale price for a single family home in the city was $271,900. There were approximately 703 homes listed for sale in the city at the end of October, compared with 711 in September. During the last month, homes sold within days on the market and received offers per sale on average.
City Housing Supply:
As of the end of 2017, the total count of existing housing units in the city was 39,679. Single family housing units make up the majority 68.34% of Redding's housing units, 27,116 units total. Multifamily units make up 25 percent, or approximately 10,043. As of last year, the average housing density (people per household) was 2.38, compared with the state average of 2.97. At the end of the period, about 2,197 of housing units in the city were unoccupied, suggesting a vacancy rate of 0 percent.
Regulations & Outlook:
The City has not yet finalized updates to it's residential zoning code that fully comply with State Laws SB 1069 and AB 2299 which allow for Accessory Dwelling Units (ADUs) to be developed on most single family lots. More commonly referred to as “Granny Flats” and “In-Law Units”, in Redding as many as 15,998 homes may now be eligible to add some form of second dwelling unit. These laws are intended by The State to boost opportunities for housing production in cities in an effort to address the growing housing deficits local communities face accross The State. Typically secondary units are constructed by homeowners in backyards, converted garages and basements of single family residences. These new regulations could now allow individual homeowners to play a significant role to increase housing production in Redding over the coming years. Consider for example, if just one percent of eligible homeowners in Redding built an ADU each year, it would contribute an additional 799 units to the city's housing stock over the next five years and create hundreds of new local construction jobs.
Local News & Policy:
At this time, statewide standards will superseed any local residential zoning requirements for ADUs that are non-compliant with the state's minimum set of requirements. The current development standards for ADUs in Redding, or any other CA city, can be found at the city zoning page link and search below. Recently More information on the latest local policies and requirements for ADUs will be available as they are passed. Check back each month for the latest changes in Redding.
For homeowners and local developers who are interested in getting involved in the ADU movement locally in Redding, use Housable to get insights about the ADU housing development potential of specific properties. Housable provides zoning, permitting, estimation and design tools, many of them free of charge, to help homeowners at any step plan, permit and build their ADU projects. Use property design and calculation tools any time, get low cost insights about the ADU potetnial of your property and connect with local professionals who can help with the process when you're ready to get started. Stay up to date with the latest local trends in housing production and join the ADU movement to create more housing in Redding, one garage, basement, or backyard at a time.
Redding's employment opportunities are greatest in the lower-paying industries (i.e., service industries associated with tourism and business services and the wholesale and retail trade industry). In addition to paying lower overall wages, service and/or retail industries typically have a higher percentage of persons working part-time or seasonally than do other types of industries. Higher-paying jobs associated with the construction trades have been significantly impacted by the downturn in new housing starts and commercial construction activities that began in 2007. While the City has seen an increase in housing starts beginning in 2012, the pace is still considered anemic when compared to trends prior to the onset of the 'Great Recession'. As an illustration, the City issued building permits for 73 residential units in 2011, 135 units in 2012, and 108 in 2013. The split between single-family and multiple-family units was approximately 75 percent single-family and 25 percent multiple-family units.
totaling more than 30 percent of the household's income constitute 'overpaying.' A household with monthly housing costs totaling more than 50 percent of income is considered extremely cost-burdened. In 2010, 55.3 percent (19,968 households) resided in housing units that they owned. Of these, approximately 30.8 percent of all homeowner households surveyed were overpaying for housing. Table 2 shows the distribution, by income, of those owner-occupied households paying 30 percent or more of their income for housing costs, according to the This section includes an analysis of local housing- market characteristics for both renters and homeowners; an analysis of the special housing needs
approximately 82.8 percent (8,670) were paying in excess of 30 percent of the household's monthly income for housing as shown in Table 4. There is a continuing need for rental-assistance programs targeting extremely low and very low income renter households. There is also a need for the continuation of program assistance, which serves to increase the affordability of rental units occupied by lower income households.
Median Sales Price $271,900.00
Median Rental Price $1,360.00 Based on 840 sqft unit
Total Homes on Market 703
Total Housing Units 39679
Single-Family Units 27116
Other Type Units 2520
Unit Vacancy Rate 0.0554
Annual Units Produced (2017) 122
Go to Redding ADU Zoning Page
City Population 89,861
City Area 59.65 sq. mi.
We have our final inspection TODAY and do expect it will go well. We’ve been lucky to have a nice inspector. I’ll send you more pics this weekend!
Fiona K. in Bell Canyon, CA
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State of CA HCD Mobile home parks - California Department of Housing and ... www.hcd.ca.gov 01/01/2016
State of CA California's Housing Future: Challenges and Opportunities - Public ... www.hcd.ca.gov 01/01/2017
State of CA California State Senator Introduces New Accessory Dwelling Unit Bill http://goldrushcam.com/ 10/01/2018
State of CA California lawmakers still seeking support to pass affordable housing solutions SF Gate 01/09/2017
State of CA Understanding Accessory Dwelling Units and Their Importance www.hcd.ca.gov 01/12/2016
Go to Redding ADU Zoning Page
... Or find another city in CA