ZIP Code · CA

ZIP 96003

Part of Redding, CA

Pop. 44,923·Shasta County·856th most expensive ZIP in California

Median rent (all units)

$1,711/mo

Year-over-Year

+6.6%

Month-over-Month

+1.7%

vs US Median

-$221

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 96003 · $1,711

More affordable than 57% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$1,320

1 BR

$1,360

2 BR

$1,790

3 BR

$2,490

4 BR+

$3,000

Research median

$1,790/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: October 17, 2026

From the history

What the numbers show

Cheapest month to sign

December. Asking rents in ZIP 96003 usually run 0.5% below trend in December and 0.5% above it in June, about $17 a month apart at today's median. Based on 9 years of data.

Compared with the peak

Rent in ZIP 96003 is at its highest level since Zillow's records here began in December 2016.

Past year vs. the rest of California

Rent in ZIP 96003 changed +6.6% over the year to September 2026. Across the 819 California ZIP codes Zillow tracks, the typical change was +3.2%.

Rent vs. income since 2019

From 2019 to 2024, rent in ZIP 96003 rose 35.3% while median household income rose 35.4% ($53,512 to $72,445). Income kept ahead of rent.

Since before the pandemic

Rent in ZIP 96003 is 48.8% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

Recent direction

Rent has risen 3 months in a row, and rose in 9 of the last 12 months.

What a typical income covers

30% of the median household income ($72,445) is $1,811 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,790); a 3-bedroom is $2,490.

Rank in Redding

3rd cheapest of 3 ZIP codes in Redding.

From Zillow's monthly rent index (ZORI) for ZIP 96003. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$20,532/yr

At $1,711/mo median

Location

CityRedding

StateCA

CountyShasta County

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 6.6% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+6.6% YoY, +1.7% MoM), not inventory.

Demographics

Who lives here

ZIP 96003 (Redding, CA) is majority owner-occupied, has a large retiree population, 28.5% of residents hold a bachelor's degree or higher.

Population

44,923

Median income

$72,445

Median age

39.6

Renters

41.5%

Age distribution

21.5%

22.3%

23.1%

12.4%

20.8%

Under 1821.5%

18–3422.3%

35–5423.1%

55–6412.4%

65+20.8%

Gender

47.7%

52.3%

Male47.7%

Female52.3%

Race & ethnicity

77.8%

White77.8%

Black0.9%

Hispanic11.4%

Asian3.9%

Other6%

Education (25+)

23.1%

42.3%

28.5%

No HS diploma6%

HS diploma23.1%

Some college42.3%

Bachelor's+28.5%

Housing tenure

58.5%

41.5%

Owner58.5%

Renter41.5%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 96003 in Redding, CA has changed in 5 years

Rent

$1,242 → $1,711

up 37.8%

Income

$63,159 → $72,445

up 14.7%

Population

44,522 → 44,923

up 0.9%

Renter share

41.1% → 41.5%

+0.4 pts

Bachelor's+

26.6% → 28.5%

+1.9 pts

Median age

41 → 39.6

-1.4 yrs

Across the past five years, the going rent in ZIP 96003 in Redding, CA has shifted from $1,242 to $1,711, up 37.8% since 2021. Median household income climbed from $63,159 to $72,445 between 2021 and 2024, a 14.7% shift. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. Taken together, the five-year picture in ZIP 96003 in Redding, CA reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.

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About renting in ZIP 96003

Last updated: October 17, 2026

ZIP code 96003 covers Redding, CA. The median rent here is $1,711/mo as of October 2026. A 1-bedroom rents for a median of $1,360/mo. A 2-bedroom rents for a median of $1,790/mo.

At 28% of local median household income ($72,445/yr), ZIP 96003 ranks as affordable compared to the national benchmark of 30%. Rents have increased 6.6% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 96003?

To keep rent at or below 30% of gross income, you would need to earn at least $68,000/year (about $33/hour full-time) to afford the median rent of $1,711/mo in ZIP 96003. The local median household income is $72,445/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 96003?

Rent in ZIP 96003 has risen 6.6% over the past year as of September 2026. That is the highest level since Zillow's records here began in December 2016.

When is the cheapest time to rent in ZIP 96003?

Asking rents in ZIP 96003 are usually lowest in December, about 0.5% below their yearly trend, and highest in June, about 0.5% above it. At today's median that is a gap of roughly $17 a month. This pattern comes from 9 years of Zillow rent data.

Has rent outpaced income in ZIP 96003?

No. From 2019 to 2024, rent in ZIP 96003 rose 35.3% while median household income rose 35.4%, from $53,512 to $72,445. Rent is Zillow's yearly average; income is the Census 5-year estimate for the same years.

How does ZIP 96003 compare to other ZIPs in California?

ZIP 96003 is one of the more affordable among California ZIP codes for rent, ranking #856 of 898 at $1,711/mo. Over the year to September 2026, rent in ZIP 96003 changed +6.6%, against a typical +3.2% across the 819 California ZIP codes Zillow tracks.