How much is a home worth in ZIP code 96003?

The typical home in 96003 is worth $405,767, based on the Zillow Home Value Index.

Are home values rising in 96003?

Home values in 96003 are down 1.4% over the past year, and up 2.3% a year over five years.

What is the typical rent in 96003?

A typical home in 96003 rents for about $1,661 a month, a gross rental yield of 4.9%.

What is the property tax rate in 96003?

The effective property tax rate in 96003 is 0.7% — roughly $3,018 a year on a typical home.

ZIP code 96003 has a population of 44,923 and a median household income of $72,445.

HousingHandbookReference data

…

U.S. ZIP Code · CA96003

Shasta County · Redding, CA

Typical home value

$405,767^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -1.4%
5-year / yr: +2.3%
10-year / yr: +4.4%

Relative price

vs U.S.: +42.8%
vs metro: +18.5%
vs state: -42.1%

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 96003 is worth $405,767 — 18.5% above the Redding, CA median. Over the past year, values have fallen 1.4%. Homes here rent for a typical $1,661 a month — a 4.9% gross rental yield. The effective property tax rate is 0.7%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent: $1,661^[2]
Gross yield: 4.9%^[2]
Cap rate: 2.9%^[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate: 0.7%^[3]
Typical annual tax: $3,018^[3]

#Climate risk

FEMA National Risk Index ratings for Shasta County. "Not Applicable" means the hazard does not threaten the county.

Overall risk: Relatively Moderate^[4]
Riverine flood: Relatively High
Coastal flood: Not Applicable
Wildfire: Relatively High
Drought: Relatively Moderate
Heat wave: Relatively Moderate
Hurricane: Not Applicable
Tornado: Very Low
Earthquake: Relatively Moderate
Winter weather: Relatively Moderate

#Who lives here

Population: 44,923^[3]
Median household income: $72,445^[3]

#Migration

Household moves in and out of Shasta County over a year, from IRS tax-return data.

Net migration: -43^[5]
Moved in: 3,730
Moved out: 3,773

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools: 14
Elementary: 7
Middle: 1
High: 1

Boulder Creek Elementary
Elementary · Grades K–8 · Enterprise Elementary
828 students
Turtle Bay
Elementary · Grades K–8 · Redding Elementary
764 students
Redding School of the Arts
Other · Grades K–12 · Redding School of the Arts District
629 students
Shasta View Academy
Other · Grades K–12 · Shasta View Academy District
491 students
Columbia Elementary
Elementary · Grades K–4 · Columbia Elementary
463 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Home value$Monthly rent$

Gross yield4.9%

Net yield (after ~40% expenses)2.9%

Annual rent$19,931

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$2,052

Loan principal$324,613

Down payment$81,153

Total interest paid$414,027

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio1.59

Monthly cost to own$2,640

Monthly rent$1,661

Renting is meaningfully cheaper month-to-month.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation: 74th percentile^[1]
Rental yield: 25th percentile^[2]
Property tax: 88th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 96003?: The typical home in 96003 is worth $405,767, based on the Zillow Home Value Index.
Are home values rising in 96003?: Home values in 96003 are down 1.4% over the past year, and up 2.3% a year over five years.
What is the typical rent in 96003?: A typical home in 96003 rents for about $1,661 a month, a gross rental yield of 4.9%.
What is the property tax rate in 96003?: The effective property tax rate in 96003 is 0.7% — roughly $3,018 a year on a typical home.
Who lives in 96003?: ZIP code 96003 has a population of 44,923 and a median household income of $72,445.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

96096 vs 96003 →
Whitmore CDP, CA
Typical home
$390,530
Gross yield
—
96001 vs 96003 →
Redding, CA
Typical home
$386,772
Gross yield
4.8%
96002
Redding, CA
Typical home
$380,307
Gross yield
5.5%
96069
Oak Run CDP, CA
Typical home
$379,156
Gross yield
—
96008
Bella Vista CDP, CA
Typical home
$436,462
Gross yield
—
96047
Ono CDP, CA
Typical home
$343,628
Gross yield
—

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Pit ZIP 96003 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · CA96003

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