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REDWOOD CITY 9212 <br /> <br />Economic & Planning Systems, Inc. 20 Redwood City Housing Impacts <br />rent and utilities). Rent-burdened households have less money to spend on other <br />essentials like food, transportation, healthcare, and childcare which have all been <br />rapidly increasing in costs due to high inflation. <br />Table 6. Rent-Burdened Households <br /> <br />Source: ACS, 2024 5-year estimate, Apartment List <br />Figure 2. Average Rent in Redwood City, 2017-2025 (inflation-adjusted) <br /> <br />Source: Apartment List; Economic & Planning Systems. <br />Based on renter mobility/displacement data, it appears that other economic <br />factors may be more significant than rent control in impacting renter movement. <br />As seen in Table 7, across the period analyzed, Redwood City’s renter stability <br />remains broadly comparable to nearby cities, with approximately 82–83% of <br />renters remaining in place between 2022 and 2024. This is generally in line with <br />Concord and somewhat below higher-stability markets such as Hayward and <br />Richmond, where roughly 88–90% of renters remain in the same unit year over <br />year. <br />Mountain View, which has had rent control since 2017, consistently shows lower <br />renter stability rates (approximately 72–73%) relative to peer jurisdictions. This <br />likely reflects local demographic and housing market characteristics, including a <br />Jurisdiction <br />Median Renter <br />Income Average Rent <br />% of Rent- <br />Burdened HH's <br />Redwood City 126,982 $3,036 46% <br />San Mateo Couty 119,963 $3,051 43% <br />California 71,186 $2,225 53% <br />* Average Overal Rent in 2026 Q1 <br />**Units paying over 30%of Income on Rent <br />$2,000 <br />$2,500 <br />$3,000 <br />$3,500 <br />$4,000 <br />$4,500 <br />$5,000 <br />2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 <br />Redwood City San Mateo County Califonia <br />8.A. - Page 148 of 168 <br />158