What is the Best Neighborhoods USA ranking for Redwood Heights?
Redwood Heights is ranked #19 of 117 eligible neighborhoods in Oakland; #294 of 1,814 eligible neighborhoods in CA; and #3,207 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Redwood Heights
Oakland, CA | Alameda County
Scored premium profile
Best Neighborhoods USA Index
62.6
Stability and Strength
62.7
Value Opportunity
48.6
Momentum
82.1
Score note: Rankings show denominators so users always see the size of the eligible cohort.
| Context | Value |
|---|---|
| Location | Oakland, CA |
| County | Alameda County |
| National rank | #3,207 of 14,967 |
| State rank | #294 of 1,814 |
| City rank | #19 of 117 |
| County rank | #35 of 202 |
| National percentile | 78.6 |
| National band | TOP_25_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $1,078,568 |
| Year-over-year home value change | 3.3% |
| Month-over-month home value change | 1.08% |
| Home value to income ratio | 8.52 |
| Median household income | $126,579 |
| Bachelor's degree or higher | 63.4% |
| Civilian unemployment rate | 6.6% |
| Homeownership rate | 69.1% |
| Housing vacancy rate | 5.5% |
| Rent burden 30% or higher | 58.3% |
How to read this profile
- Ranks are always shown with denominators.
- Momentum reflects both year-over-year and month-over-month housing change.
- Stability and Strength and Value Opportunity are governed composite scores.
- Identity composition is descriptive intelligence and is not a scoring component.
Questions and Answers
Questions About Living in Redwood Heights
Is Redwood Heights one of the best neighborhoods in Oakland?
Redwood Heights has a Best Neighborhoods USA Index of 62.6 and a city ranking of #19 of 117 eligible neighborhoods in Oakland.
How much are homes worth in Redwood Heights?
The current Zillow Home Value Index for Redwood Heights is approximately $1,078,568.
Are home values rising or falling in Redwood Heights?
Zillow neighborhood values changed 3.3% year over year and 1.08% month over month.
What is the Neighborhood Momentum Score for Redwood Heights?
Redwood Heights has a Neighborhood Momentum Score of 82.1. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Redwood Heights?
The NDS-derived neighborhood median household income is approximately $126,579.
How affordable is Redwood Heights relative to household income?
The current Zillow home-value-to-household-income ratio is 8.52. Price-to-income affordability is a major Value Opportunity input.
Is Redwood Heights primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 69.1%.
What is the unemployment rate in Redwood Heights?
The NDS-derived civilian unemployment rate is approximately 6.6%.
How educated are residents of Redwood Heights?
Approximately 63.4% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Redwood Heights face high rent burden?
Approximately 58.3% of the applicable renter-household universe is estimated to spend 30% or more of household income on gross rent.
How does Best Neighborhoods USA score Redwood Heights?
The overall index combines 40% Stability and Strength, 35% Value Opportunity, and 25% Momentum. Race, ethnicity, and identity composition are not scoring components.
Governed ranking context
How this neighborhood ranks
HMDA Mortgage Intelligence
Neighborhood Mortgage Market
Modeled neighborhood-level mortgage activity allocated from governed HMDA tract data using Zillow neighborhood geometry. These neighborhood values are nonadditive and do not enter the Best Neighborhoods USA Index.
Activity year2024
Estimated applications269
Estimated originations167
Home-purchase applications114
Origination rate62.1%
Home-purchase share42.5%
Average application loan$492,646
Total application loan amount$132,399,817
National application rank#1,411 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications 17.7% YoY; originations 19.6% YoY
Mortgage methodology
HMDA is natively reported at tract and other lender-reporting geographies, not Zillow neighborhood or ZIP geography. This module uses the certified NDS HMDA-to-Zillow tract-vintage crosswalk and area-weighted allocation. Rankings require governed geometry coverage. Applicant demographics are excluded. Neighborhood values may overlap and must not be summed to reconstruct ZIP or national totals.