The typical owner-occupied home in Redwood Valley is worth about $651,200, 11% below the California median of $734,700 and 96% above the national median of $332,700. Owners pay a median $4,556 a year in property taxes, about 0.70% of their home's value, close to the California rate of 0.70%. The median household earns $63,563 a year, so the median home costs 10.2 times the median income (7.4 times for California). 75% of occupied homes here are lived in by their owners, and 62% of those owners still have a mortgage.
Redwood Valley at a glance
| Redwood Valley | California | U.S. | |
|---|---|---|---|
| Median home value | $651,200 | $734,700 | $332,700 |
| Median property tax paid per year | $4,556 | $5,124 | $3,119 |
| Property tax as a share of value | 0.70% | 0.70% | 0.94% |
| Median household income | $63,563 | $99,122 | $80,734 |
| Homes lived in by their owners | 75% | 56% | 65% |
| Owner homes with a mortgage | 62% | 67% | 61% |
| Median monthly costs, owners with a mortgage | $2,821 | $2,946 | $1,963 |
| Those costs as a share of the owners' income | 30.0% | 24.8% | 21.0% |
| Median rent | – | $2,036 | $1,413 |
| Median year homes were built | 1982 | 1976 | 1980 |
| Vacant homes | 16.3% | 7.5% | 10.1% |
| Population | 1,898 | 39,287,377 | 334,922,499 |
What a typical home costs per month in Redwood Valley
At this week's average 30-year rate of 7.11%, buying the median Redwood Valley home of $651,200 with 20% down costs about $4,156 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $5,241, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $178,103 for the 20%-down payment. That payment is 78% of the median Redwood Valley household income of $63,563; at that income and 20% down, the 28% guideline points to a home of about $232,000.
| Down payment | $130,240 |
|---|---|
| Loan amount | $520,960 |
| Principal and interest | $3,505 |
| Property taxes (0.70% a year) | $380 |
| Homeowners insurance (our estimate, 0.5% a year) | $271 |
| PMI | $0 |
| Total per month | $4,156 |
Change the numbers in the calculator
| Down payment | $22,792 |
|---|---|
| Loan amount | $639,405 |
| Principal and interest | $4,301 |
| Property taxes (0.70% a year) | $380 |
| Homeowners insurance (our estimate, 0.5% a year) | $271 |
| FHA mortgage insurance | $288 |
| Total per month | $5,241 |
Change the numbers in the calculator
Questions about home buying in Redwood Valley
What is the median home value in Redwood Valley?
About $651,200 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Redwood Valley?
Homeowners pay a median $4,556 a year, which is about 0.70% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Redwood Valley?
For the median home with 20% down at 7.11%, the payment is about $4,156 a month. Keeping that under 28% of gross income takes about $178,103 a year.
More about Redwood Valley
- Mortgage Refinance in Redwood Valley
- Debt Relief in Redwood Valley
- Home Equity Loans in Redwood Valley
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data