The LTR Genie Score of Redding, CA is 45 and STR Genie Score is 70, indicating a moderate LTR rentability and high STR rentability. The LTR Net ROI of 15.41% suggests a decent return on long-term rental investments, while the STR Net ROI of 24.28% indicates a higher return on short-term rental properties. The 1-Year Price Appreciation Forecast of -0.4% may not be ideal for long-term investors looking for appreciation.
The high STR Genie Score can be attributed to the strong STR Net ROI and occupancy rate of 66.67%, which contribute to the overall attractiveness of short-term rental investments in Redding, CA. On the other hand, the moderate LTR Genie Score is influenced by the stagnant LTR rent growth rate and lower overall ROI compared to short-term rentals.
In conclusion, Redding, CA appears to be more attractive for short-term rental investments due to the higher Genie Score, Net ROI, and occupancy rate. However, long-term rental investments can still be viable for investors looking for more stable returns. It may be beneficial for investors to consider a mix of both short-term and long-term rental properties in this market to diversify their portfolio.
Redding, CA is a city located in Northern California known for its natural beauty, outdoor recreational opportunities, and affordable housing market. The city has a growing population and a strong rental demand, making it an appealing location for real estate investors looking to capitalize on the rental market.
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Redding, CA Investment Data and Rental Metrics
Investment Data & Rental Metrics
LTR & STR financial performance, market growth indicators, and school ratings.
LTR Financial Performance
Median Price
LTR Rent
$1,589
Monthly Cash Flow
-$754
Principal + Equity
$1,996
Annual Total Gain
$14,894
Cash on Cash
-9.37%
Net ROI %
STR Financial Performance
Median Price
Avg. Daily Rate
$202
Occupancy Rate
66.67%
Monthly Revenue
$2,711
Monthly Cash Flow
-$39
Principal + Equity
$1,996
Annual Total Gain
$23,475
Cash on Cash %
-0.49%
Net ROI %
Market Health & Growth
Median Income
$69,443
Population
93,268
LTR Renter %
44.96%
Forecast (1 yr)
-0.4%
Appreciation (1 yr)
-0.17%
Appreciation (5 yr)
27.82%
Appreciation (10 yr)
67.16%
Job Growth
0.68%
LTR Rentability
Moderate
STR Demand
63
STR Rentals
490
Top Public Schools
A-University Preparatory
A-Anderson New Technology High School
A-
A-
B
Market Grades and Information
Best Places to Live Ranking
Public school quality, cost of living, commute, and lifestyle ratings.
C
Overall
Top-level market grade
Best Places to Retire in California
#240out of 816 markets
Most Diverse Places to Live in California
#1010out of 1762 markets
Places with the Best Public Schools in California
#317out of 817 markets
B
Public School
D
Crime And Safety
D
Housing
B-
Nightlife
C
Good For Families
Diversity
Jobs
Weather
Cost Of Living
Health And Fitness
Outdoor Activities
Commute
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in Redding, CA.
In Redding, CA, Short Term Rentals (STRs) are regulated by the city's zoning code and require a permit from the city to operate legally. Here are some key regulations that an investor should be aware of before investing in purchasing a property for STR in Redding:
1. Zoning Restrictions: STRs are only allowed in certain zoning districts in Redding. Investors should check the city's zoning map to ensure that the property they are interested in is located in a zone where STRs are permitted.
2. Permit Requirement: All STRs in Redding require a permit from the city. Investors should be prepared to go through the application process, which may include submitting a detailed business plan, paying a fee, and meeting certain requirements set by the city.
3. Occupancy Limits: The city of Redding has occupancy limits for STRs, which vary depending on the size of the property. Investors should be aware of these limits and ensure that their property complies with them.
4. Noise and Nuisance Regulations: Redding has noise and nuisance regulations that apply to all properties, including STRs. Investors should be aware of these regulations and take steps to ensure that their guests comply with them.
5. Taxation: STRs in Redding are subject to transient occupancy tax, which is collected by the city. Investors should be aware of their tax obligations and ensure that they are in compliance with the city's tax regulations.
6. Homeowner Association Rules: If the property is located in a homeowners association (HOA), investors should review the HOA's rules and regulations regarding STRs. Some HOAs may have restrictions or prohibitions on STRs.
Overall, investors should thoroughly research and understand the regulations and requirements for operating an STR in Redding before purchasing a property for this purpose. Failure to comply with the city's regulations could result in fines or other penalties, so it is important to be fully informed before making an investment in this market.
Market Trends Over Time
Explore 25 years of market data for Redding, CA, including median property prices, long-term rental rates, and days on market — identify growth potential and gauge market stability.
Median Price
Median Rent
Days on Market
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