Department of Numbers

Redding California Residential Rent and Rental Statistics

The median monthly gross residential rent in Redding, CA (the Redding metro area) was $975 in 2016 according to the Census ACS survey.1 Average gross rent in Redding was $1,003 in 2016. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2017 Redding median and average rent data will be released in September of 2018.

Data is also available below for Redding rental vacancy rates, Redding rent as a percent of median income and the fraction of renters in Redding.

Show dollars as: Nominal Real

Real Gross Rent in Redding California (2016 dollars)2

2016 1 Year Change 3 Year Change
US Median Gross Rent $981 +0.93% +7.80%
California Median Gross Rent $1,375 +3.54% +11.70%
Redding, CA Median Gross Rent $975 +4.73% +8.57%

Redding, CA Real Gross Rent Trends

Median gross rent for Redding peaked in real terms in 2008 at $978 and is now $3 (0.31%) lower. At $1,003, real average gross rent in Redding was at its highest level in 2016 since the series began in 2005.

Real Gross Rent in Redding: Redding CA Median, Redding CA Average, California Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Redding

Date US
Median
California
Median
Redding, CA
Median
Redding, CA
Average
2016 $981 $1,375 $975 $1,003
2015 $972 $1,328 $931 $948
2014 $942 $1,278 $924 $968
2013 $910 $1,231 $898 $920
2012 $898 $1,219 $928 $978
2011 $898 $1,211 $905 $942
2010 $912 $1,241 $944 $983
2009 $916 $1,257 $922 $934
2008 $932 $1,284 $978 $939
2007 $885 $1,210 $884 $848
2006 $895 $1,207 $870 $895
2005 $869 $1,162 $909 $884

Redding Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2016 the rental vacancy rate for Redding California was 2.32% according to Census ACS data.

Rental Vacancy Rate in Redding California

2016 1 Year Change 3 Year Change
US 5.89% +0.04% -0.60%
California 3.31% -0.02% -0.91%
Redding, CA 2.32% -0.55% -1.39%

Trends in Redding, CA Rental Vacancy Rate

The rental vacancy rate in Redding peaked in 2009 at 13.21%. Since then it has fallen by 10.89% to 2.32%. Data records for this series originated in 2005.

Rental Vacancy Rate: Redding CA, California, US

Rental vacancy rate in California

Historical Rental Vacancy Rate data for Redding

Date US California Redding, CA
2016 5.89% 3.31% 2.32%
2015 5.85% 3.33% 2.87%
2014 6.32% 3.90% 2.81%
2013 6.49% 4.22% 3.71%
2012 6.77% 4.51% 6.99%
2011 7.40% 4.94% 6.59%
2010 8.17% 5.86% 9.65%
2009 8.43% 5.76% 13.21%
2008 7.86% 4.71% 5.15%
2007 7.87% 4.72% 5.75%
2006 7.70% 4.67% 3.04%
2005 7.74% 4.61% 3.02%

Rent as a Fraction of Income

Using median household income data for Redding, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Redding, median monthly gross rent as a fraction of median household income was 25.04% in 2016 according to the ACS.

Redding California Median Annual Rent as a Fraction of Median Household Income

2016 1 Year Change 3 Year Change
US 20.43% -0.20% -0.35%
California 24.36% -0.03% -0.04%
Redding, CA 25.04% +1.42% -1.53%

Trends in Redding, CA Rent as a Fraction of Income

The fraction of median Redding household income required to pay median monthly gross rent peaked in 2013 (relative to the 2005 series origin) at 26.57%. Since then it has fallen by 1.53% to 25.04%.

Fraction of Income towards Rent: Redding CA, California, US

Percent of median household income going towards median monthly gross rent in Redding California

Historical Data for Annual Rent as a Fraction of Income in Redding California

Date US California Redding, CA
2016 20.43% 24.36% 25.04%
2015 20.63% 24.39% 23.62%
2014 20.89% 24.57% 25.15%
2013 20.78% 24.40% 26.57%
2012 20.65% 24.69% 24.11%
2011 20.70% 24.59% 25.02%
2010 20.50% 24.18% 25.89%
2009 20.12% 23.52% 23.70%
2008 19.00% 22.32% 24.68%
2007 18.66% 21.58% 22.57%
2006 18.90% 21.80% 20.18%
2005 18.89% 21.77% 21.63%

Renter Fraction in Redding California

You can calculate the renter fraction in Redding in at least two ways: by housing units or by population. I've gone with the housing units measure here. This measure looks at the number of renting households in Redding as a fraction of total Redding households. In 2016 34.60% of households were renters according to Census ACS data.

Redding Fraction of Renters by Household Units

2016 1 Year Change 3 Year Change
US 36.88% -0.09% +0.38%
California 46.36% -0.05% +0.15%
Redding, CA 34.60% -3.87% -4.19%

Trends in the Redding, CA Renter Fraction

The Redding household renter fraction peaked in in 2013 at 38.79% and is now 4.19% below that level. The origin year for the series is 2005.

Fraction of Renting Households: Redding CA, California, US

Fraction of renters in Redding

History of Redding Renter Fraction

Date US California Redding, CA
2016 36.88% 46.36% 34.60%
2015 36.97% 46.41% 38.47%
2014 36.90% 46.27% 38.47%
2013 36.50% 46.21% 38.79%
2012 36.09% 45.97% 38.00%
2011 35.42% 45.12% 34.51%
2010 34.65% 44.36% 34.18%
2009 34.13% 43.43% 35.51%
2008 33.36% 42.95% 34.88%
2007 32.80% 42.00% 35.81%
2006 32.73% 41.55% 34.36%
2005 33.10% 41.56% 33.99%

1. Gross rent is defined as contract rent plus the estimated average monthly cost of utilities (electricity, gas, water, and sewer) and fuel (oil, coal, kerosene, wood, etc.). Because some rentals include utilities and others don't, gross rent is a way of normalizing the variability.

2. Real dollars are calculated using the CPI-U less shelter series.

3. The rental vacancy rate is computed by dividing the number of vacant units for rent by the sum of the renter-occupied units, vacant units that are for rent, and vacant units that have been rented but not yet occupied.