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REDWOOD CITY 9212 <br /> <br />Economic & Planning Systems, Inc. 21 Redwood City Housing Impacts <br />higher concentration of students and young professionals who tend to move <br />more frequently. Similar dynamics may also influence mobility patterns in <br />Redwood City, though to a lesser extent. <br />Notably, Redwood City does not exhibit a significant decline in renter stability <br />over the 2022–2024 period. Instead, the share of renters remaining in place has <br />remained relatively stable, suggesting limited evidence of increasing displacement <br />relative to neighboring jurisdictions in recent years. Overall, the data indicates <br />that renter mobility patterns in Redwood City are largely consistent with regional <br />trends. Differences across cities appear to be driven more by local demographic <br />composition and housing market conditions than by the presence or absence of <br />rent stabilization alone. <br />Table 7. Renter Movement by City <br /> <br />Source: ACS, 2024 5-year estimate <br /> <br />Jurisdiction <br />Redwood <br />City Concord Hayward <br />Mountain <br />View Richmond <br />2024 <br />Renter Households 46,686 46,475 64,545 47,155 50,808 <br />Renters Living in the Same Unit as Previous Year 38,825 38,825 57,916 34,239 45,520 <br />Percentage 83% 84% 90% 73% 90% <br />2023 <br />Renter Households 46,556 46,964 65,679 46,408 52,552 <br />Renters Living in the Same Unit as Previous Year 38,830 38,830 58,920 33,644 46,459 <br />Percentage 83% 83% 90% 72% 88% <br />2022 <br />Renter Households 46,123 46,938 66,280 46,179 54,114 <br />Renters Living in the Same Unit as Previous Year 37,803 37,803 59,878 33,083 47,770 <br />Percentage 82% 81% 90% 72% 88% <br />8.A. - Page 149 of 168 <br />159