Redlands, CA Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Redlands, CA Housing Market Trends

With 71,513 people, 24,542 houses or apartments, and a median cost of homes of $490,182, real estate costs in Redlands are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive California communities.

Single-family detached homes are the single most common housing type in Redlands, accounting for 65.02% of the city's housing units. Other types of housing that are prevalent in Redlands include large apartment complexes or high rise apartments ( 17.66%), duplexes, homes converted to apartments or other small apartment buildings ( 9.11%), and a few row houses and other attached homes ( 5.01%).

The most prevalent building size and type in Redlands are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 58.86% owning and 41.14% renting.

There is a lot of housing in Redlands built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Redlands built between 1940-1969 ( 32.67%). A lesser amount of the housing stock also hails from before 1939 ( 9.57%). There's also some housing in Redlands built between 2000 and later ( 8.35%).

Redlands Home Appreciation Rates

In the last 10 years, Redlands has experienced some of the highest home appreciation rates of any community in the nation. Redlands real estate appreciated 104.16% over the last ten years, which is an average annual home appreciation rate of 7.40%, putting Redlands in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Redlands definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Redlands that despite a nationwide downturn in the housing market, Redlands real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Redlands appreciation rates continue to be some of the highest in America, at 12.75%, which is higher than appreciation rates in 87.95% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Redlands. Redlands appreciation rates in the latest quarter were at 4.89%, which equates to an annual appreciation rate of 21.04%.

Importantly, this makes Redlands one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to California, our data show that Redlands's latest annual appreciation rate is higher than 80% of the other cities and towns in California.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Redlands differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Redlands - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Redlands real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$490,182

Redlands, CA HOME PRICES

> $1,315,000
1.6%
1.6%
$986,001 - $1,315,000
4.2%
4.2%
$657,001 - $986,000
15.0%
15.0%
$526,001 - $657,000
20.5%
20.5%
$395,001 - $526,000
27.2%
27.2%
$263,001 - $395,000
20.2%
20.2%
$132,001 - $263,000
6.8%
6.8%
$66,001 - $132,000
2.1%
2.1%
$0 - $66,000
2.4%
2.4%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Average for CA

Value Relative To Nation

Number Of Homes And Apartments:
24,542

Redlands Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
181.72% 4.94%
9
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,151 / per month

Homeownership Rate

Owners
58.9%
58.9%
Renters
41.1%
41.1%
Vacant
6.9%
6.9%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
8.3%
8.3%
1970 - 1999
49.4%
49.4%
1940 - 1969
32.7%
32.7%
1939 or Older
9.6%
9.6%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
65.0%
65.0%
Townhomes
5.0%
5.0%
Small Apt. Buildings
9.1%
9.1%
Apt. Complexes
17.7%
17.7%
Mobile Homes
3.1%
3.1%
Other
0.2%
0.2%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
2.2%
2.2%
1 Bedroom
10.3%
10.3%
2 Bedrooms
29.0%
29.0%
3 Bedrooms
30.7%
30.7%
4 Bedrooms
23.0%
23.0%
5 or more bedrooms
4.9%
4.9%
0.0% 100.0%
% OF HOMES