How much is a home worth in ZIP code 96007?

The typical home in 96007 is worth $343,005, based on the Zillow Home Value Index.

Are home values rising in 96007?

Home values in 96007 are down 0.4% over the past year, and up 2.2% a year over five years.

What is the typical rent in 96007?

A typical home in 96007 rents for about $1,598 a month, a gross rental yield of 5.6%.

What is the property tax rate in 96007?

The effective property tax rate in 96007 is 0.7% — roughly $2,469 a year on a typical home.

ZIP code 96007 has a population of 24,768 and a median household income of $61,357.

HousingHandbookReference data

…

U.S. ZIP Code · CA96007

Shasta County · Redding, CA

Typical home value

$343,005^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -0.4%
5-year / yr: +2.2%
10-year / yr: +5.0%

Relative price

vs U.S.: +20.7%
vs metro: ≈ metro median
vs state: -51.0%

Price history

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

The typical home in 96007 is worth $343,005. Over the past year, values have fallen 0.4%. Homes here rent for a typical $1,598 a month — a 5.6% 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: $1,598^[2]
Gross yield: 5.6%^[2]
Cap rate: 3.4%^[2]

#Property tax

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

Effective tax rate: 0.7%^[3]
Typical annual tax: $2,469^[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: 24,768^[3]
Median household income: $61,357^[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: 15
Elementary: 7
Middle: 2
High: 5

Anderson High
High · Grades 9–12 · Anderson Union High
567 students
Meadow Lane Elementary
Elementary · Grades K–5 · Cascade Union Elementary
450 students
Tree of Life International Charter
Elementary · Grades K–8 · Tree of Life International Charter District
359 students
Anderson Middle
Middle · Grades 6–8 · Cascade Union Elementary
350 students
Prairie Elementary
Elementary · Grades K–3 · Pacheco Union Elementary
335 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 yield5.6%

Net yield (after ~40% expenses)3.4%

Annual rent$19,171

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$1,734

Loan principal$274,404

Down payment$68,601

Total interest paid$349,987

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 ratio1.39

Monthly cost to own$2,226

Monthly rent$1,598

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: 63rd percentile^[1]
Rental yield: 75th percentile^[2]
Property tax: 82nd percentile^[3]

Frequently asked

How much is a home worth in ZIP code 96007?: The typical home in 96007 is worth $343,005, based on the Zillow Home Value Index.
Are home values rising in 96007?: Home values in 96007 are down 0.4% over the past year, and up 2.2% a year over five years.
What is the typical rent in 96007?: A typical home in 96007 rents for about $1,598 a month, a gross rental yield of 5.6%.
What is the property tax rate in 96007?: The effective property tax rate in 96007 is 0.7% — roughly $2,469 a year on a typical home.
Who lives in 96007?: ZIP code 96007 has a population of 24,768 and a median household income of $61,357.

#Comparable ZIPs

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

96047 vs 96007 →
Ono CDP, CA
Typical home
$343,628
Gross yield
—
96087 vs 96007 →
Shasta CDP, CA
Typical home
$341,722
Gross yield
—
96051
Lakehead CDP, CA
Typical home
$337,523
Gross yield
—
96088
Shingletown CDP, CA
Typical home
$321,831
Gross yield
—
96016
Cassel CDP, CA
Typical home
$312,461
Gross yield
—
96069
Oak Run CDP, CA
Typical home
$379,156
Gross yield
—

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#Jump to section

U.S. ZIP Code · CA96007

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