HousingHandbookReference data

U.S. ZIP Code · CA96016

Shasta County · Redding, CA

Typical home value

$312,461[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+1.8%
5-year / yr
+2.0%
10-year / yr

Relative price

vs U.S.
+10.0%
vs metro
-8.7%
vs state
-55.4%
ZIP 96016 location in CA
Location of ZIP 96016 in CA

Price history

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

The typical home in 96016 is worth $312,461 — 8.7% below the Redding, CA median. Over the past year, values have risen 1.8%.

#Rent & investment

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

Monthly rent
[2]
Gross yield
[2]
Cap rate
[2]

#Property tax

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

Effective tax rate
[3]
Typical annual tax
[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
193[3]
Median household income
$54,526[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

Run the numbers

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

Gross yield
Net yield (after ~40% expenses)
Annual rent

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.

Monthly payment$1,580
Loan principal$249,969
Down payment$62,492
Total interest paid$318,822

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.

Own : rent ratio
Monthly cost to own$2,153
Monthly rent

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
58th percentile[1]
Rental yield
[2]
Property tax
[3]

Frequently asked

How much is a home worth in ZIP code 96016?
The typical home in 96016 is worth $312,461, based on the Zillow Home Value Index.
Are home values rising in 96016?
Home values in 96016 are up 1.8% over the past year, and up 2.0% a year over five years.
Who lives in 96016?
ZIP code 96016 has a population of 193 and a median household income of $54,526.

#Comparable ZIPs

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

  • Round Mountain CDP, CA

    Typical home
    $306,653
    Gross yield
  • Shingletown CDP, CA

    Typical home
    $321,831
    Gross yield
  • Fall River Mills CDP, CA

    Typical home
    $302,298
    Gross yield
  • Shasta Lake, CA

    Typical home
    $301,964
    Gross yield
    7.1%
  • Montgomery Creek CDP, CA

    Typical home
    $297,671
    Gross yield
  • Lakehead CDP, CA

    Typical home
    $337,523
    Gross yield

Want similar ZIPs from outside this metro? Browse nationally similar ZIPs →

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