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Sarah Mitchell
Compass Real Estate · ZIP 96002
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96002 ZIP Code Housing Market
$410,000median sale price
What is the 96002 housing market like right now?
The median home sale price in ZIP code 96002 is $410,000, up 4.1% year-over-year. Homes sell in an average of 25 days with 85 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of March 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is the 96002 ZIP code a buyer's or seller's market?
ZIP code 96002 is currently a balanced market and homes selling in about 25 days. How we determine this →
What are the latest 96002 housing market stats?
| Metric | Value |
|---|---|
| Median sale price | $410,000 |
| Median list price | $425,000 |
| Year-over-year price change | +4.1% |
| Average days on market | 25 days |
| Active inventory | 85 listings |
| Sale-to-list price ratio | 99.7% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
The 96002 zip code, located in Redding, CA, is currently classified as a balanced market. The median sale price stands at $410,000, representing a +4.1% change year over year. Homes in this area spend an average of 25 days on the market before going under contract. There are currently 85 active listings in the area, which influences how much negotiating power buyers and sellers have.
ZIP 96002 sits in the Redding, CA area, roughly 3.9 miles from downtown Redding. Because home prices are set street by street, this ZIP can move differently from Redding's citywide averages. The figures below reflect 96002 specifically — drawn from Redfin transactions, U.S. Census data for its 33,783 residents, and Zillow value estimates.
Homes sold
117
Last 12 weeks
Days on market
25
Average pace
Active listings
85
Sale-to-list
99.7%
Below asking
What is driving the 96002 housing market?
The 96002 real estate market is shaped by a combination of local demand, housing supply, and broader economic trends. As a balanced market, homes are selling at approximately 99.7% of their listed price.
Year-over-year price trends are one of the most important indicators for both homebuyers and investors. Prices in 96002 have increased +4.1% compared to last year, suggesting continued demand and potential for further appreciation. For context, it's valuable to compare this trend against neighboring zip codes and the broader metro area to determine whether this performance is localized or part of a regional pattern.
The Zillow Home Value Index (ZHVI) for 96002 stands at $384,061, which represents Zillow's estimate of the typical home value in the area. The Zillow Observed Rent Index (ZORI) indicates typical rents of $1,652 per month. This gives a price-to-rent ratio of approximately 19.4, which sits in a moderate range where the buy-versus-rent decision depends heavily on individual financial circumstances and time horizon. Use our mortgage calculator to estimate monthly payments based on current home values and interest rates.
Who lives in 96002?
Population
33,783
Median income
$73,222/yr
Median age
39.6 years
Owner-occupied
60.2%
College grads
23.6%
Avg commute
17.29 min
What is it like living in 96002?
Zip code 96002 is home to approximately 33,783 residents. The median household income is $73,222 per year, which shapes the types of homes and amenities available in the area. With a median age of 39.6 years, the community's age profile influences everything from school enrollment to local business types and recreational offerings. Approximately 60.2% of housing units are owner-occupied, indicating a stable, ownership-oriented community where residents have a vested interest in maintaining property values and neighborhood quality.
About 23.6% of residents hold a bachelor's degree or higher, which often correlates with access to knowledge-economy jobs and higher earning potential in the area. The average commute time is 17.29 minutes, which is shorter than the national average and suggests good proximity to employment centers. These demographic factors, combined with the market data above, help paint a complete picture of what it's like to live and own property in 96002.
Which public schools serve ZIP 96002?
11 schools tracked · 4,361 students
The largest public schools serving ZIP code 96002 by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Enterprise High
Grades 9-12 · 1,158 students
Mistletoe Elementary
Grades K-8 · 641 students
Parsons Junior High
Grades 6-8 · 495 students
Lassen View Elementary
Grades K-5 · 435 students
Pacheco Elementary
Grades 4-8 · 385 students
Shasta Meadows Elementary
Grades K-5 · 325 students
Alta Mesa Elementary
Grades K-5 · 287 students
Rother Elementary
Grades K-5 · 271 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Frequently asked questions about 96002
What is the median home price in 96002?
The current median sale price in 96002 is $410,000, based on recent Redfin transaction data. Prices have changed +4.1% compared to last year. For the most up-to-date pricing and to see how this compares to nearby areas, use our comparison tool.
Is 96002 a buyer's or seller's market?
The 96002 zip code is currently classified as a balanced market. This assessment is based on key indicators including months of supply, sale-to-list price ratios, and average days on market.
What is the population of zip code 96002?
Zip code 96002 has a population of approximately 33,783 residents. The median household income is $73,222 per year. About 60.2% of homes are owner-occupied. This data is sourced from the U.S. Census Bureau and is updated annually.
How do I research neighborhoods in 96002?
Properties Incorporated provides comprehensive data for 96002 including median home prices, price history charts, days on market, active inventory, and Census Bureau demographics. To compare this area with other zip codes or cities, use our comparison tool. For mortgage planning, our mortgage calculator estimates monthly payments based on current prices and interest rates.
How often is the data for 96002 updated?
Market data on Properties Incorporated is updated regularly as new information becomes available. Redfin sales data is typically refreshed monthly, Zillow home value and rent estimates update monthly, and Census Bureau demographics are updated annually.
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