ZIP Code 94061 — Redwood City, CA Home Prices (2026)
The typical home in ZIP 94061 (Redwood City, California) is worth about $1,986,000 at roughly $1092 per square foot — 9% more expensive than the Redwood City median and 576% more expensive than the typical U.S. home.
How 94061 compares
ZIP 94061 is one of the pricier ZIP codes in Redwood City: its typical home value of $1,986,000 ranks #1 of the 3 Redwood City ZIP codes we track (the citywide range runs from $1,294,000 in 94063 to $1,986,000 in 94061). Per square foot it costs about $1092, against $974 for Redwood City as a whole, $455 for California, and $195 nationally.
| Area | Typical value | $ / sq ft |
|---|---|---|
| ZIP 94061 | $1,986,000 | $1092 |
| Redwood City, CA | $1,815,000 | $974 |
| California | $698,000 | $455 |
| United States | $294,000 | $195 |
Home value by size in 94061
Using this ZIP’s rate of about $1092 per square foot. Condition, lot, and the exact street move these meaningfully — use the estimator below for a home-specific figure.
| Home size | Estimated value |
|---|---|
| 1,000 sq ft | $1,092,000 |
| 1,500 sq ft | $1,638,000 |
| 2,000 sq ft | $2,184,000 |
| 2,500 sq ft | $2,730,000 |
| 3,000 sq ft | $3,276,000 |
Salary needed to buy a home in ZIP 94061
To buy the typical $1,986,000 home in ZIP 94061 with 20% down, you need a household income of roughly $540,000 a year (about $12,610 a month for the mortgage, taxes, and insurance). With 10% down the bar rises to about $642,000, because the loan is bigger and mortgage insurance kicks in.
| Down payment | Cash down | Monthly payment | Income needed |
|---|---|---|---|
| 5% (+PMI) | $99,300 | $15,670/mo | $672,000/yr |
| 10% (+PMI) | $198,600 | $14,980/mo | $642,000/yr |
| 20% | $397,200 | $12,610/mo | $540,000/yr |
Assumes a 30-year fixed mortgage at 6.5%, property tax at 1.1% and insurance at 0.45% of value per year, PMI of 0.75% on loans with less than 20% down, and the standard 28% housing-to-income rule. Your rate, taxes, and HOA will move these — run your own numbers in the mortgage calculator.
What your budget buys in ZIP 94061
At about $1092 per square foot, here is roughly how much home different budgets get you in ZIP 94061:
| Budget | Approx. size | What that looks like locally |
|---|---|---|
| $1.00M | 920 sq ft | below the local median — condos, smaller or older homes |
| $1.50M | 1370 sq ft | below the local median — condos, smaller or older homes |
| $2.00M | 1830 sq ft | around the typical home here |
| $3.00M | 2750 sq ft | above the median — larger homes or the pricier ZIPs |
Wondering where that budget goes further? The relocation calculator ranks hundreds of U.S. cities by what the same money buys — it opens pre-filled with a typical 94061 home.
Estimate a specific home in 94061
The estimator below is pre-set to ZIP 94061 — pick your home’s size for an instant ballpark, then open the full calculator to adjust beds, baths, and condition.
All Redwood City ZIP codes by home value
Where 94061 sits among Redwood City’s 3 ZIP codes:
| # | ZIP code | Typical value | $ / sq ft |
|---|---|---|---|
| 1 | 94061 (this page) | $1,986,000 | $1092 |
| 2 | 94065 | $1,815,000 | $899 |
| 3 | 94063 | $1,294,000 | $974 |
ZIP 94061 home prices: frequently asked
What is the average home price in ZIP code 94061? +
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See the full Redwood City home values page, all California cities, or price per square foot by ZIP code nationwide.
Directional estimates from public market data (Realtor.com & Zillow research), not appraisals. A single ZIP contains very different homes; actual values vary and change over time.