{
  "schema_version": "1.0",
  "submarket": {
    "slug": "redwood-city-menlo-ca",
    "name": "Redwood City / Menlo",
    "state": "CA",
    "city": "MENLO PARK",
    "cbsa": "San Francisco-Oakland-Fremont",
    "zip_codes": [
      "94025",
      "94061",
      "94063"
    ]
  },
  "report": {
    "yearmonth": "202604",
    "month_label": "April 2026",
    "first_published_at": "2026-04-20T00:52:00.163Z",
    "last_updated_at": "2026-06-02T13:04:18.137Z"
  },
  "rents": {
    "apartment": {
      "1br": {
        "median": 2931,
        "low": 2770,
        "high": 3092,
        "mom_pct": -9.53227027027027,
        "yoy_pct": -0.9794594594594591
      },
      "2br": {
        "median": 3685,
        "low": 3463,
        "high": 3906,
        "mom_pct": -7.536250000000001,
        "yoy_pct": -2.7468749999999997
      },
      "3br": {
        "median": 5695,
        "low": 5354,
        "high": 6037,
        "mom_pct": 1.1571428571428573,
        "yoy_pct": 7.5442857142857145
      },
      "4br": {
        "median": 5613,
        "low": 5523,
        "high": 5849,
        "mom_pct": 0.6266666666666665,
        "yoy_pct": 3.5433333333333334
      }
    },
    "condo_townhome": {
      "1br": {
        "median": 3383,
        "low": 3231,
        "high": 3536,
        "mom_pct": -0.7152941176470589,
        "yoy_pct": 10.112941176470587
      },
      "2br": {
        "median": 4302,
        "low": 4121,
        "high": 4483,
        "mom_pct": -0.3515789473684211,
        "yoy_pct": 5.205263157894737
      },
      "3br": {
        "median": 5698,
        "low": 5442,
        "high": 5954,
        "mom_pct": 0.5564285714285714,
        "yoy_pct": 6.930000000000001
      },
      "4br": {
        "median": 5741,
        "low": 5671,
        "high": 5982,
        "mom_pct": 0.5666666666666667,
        "yoy_pct": 3.3133333333333335
      }
    },
    "single_family": {
      "1br": {
        "median": 3306,
        "low": 3174,
        "high": 3439,
        "mom_pct": -10.823333333333334,
        "yoy_pct": -6.736666666666666
      },
      "2br": {
        "median": 4492,
        "low": 4337,
        "high": 4681,
        "mom_pct": 1.89125,
        "yoy_pct": 5.4275
      },
      "3br": {
        "median": 5734,
        "low": 5390,
        "high": 6078,
        "mom_pct": -0.02235294117647053,
        "yoy_pct": 7.562352941176471
      },
      "4br": {
        "median": 6336,
        "low": 5978,
        "high": 6716,
        "mom_pct": 2.489,
        "yoy_pct": 6.122
      }
    }
  },
  "vacancy": 3.5129,
  "days_on_market": {
    "apartment": 27,
    "condo_townhome": 29,
    "single_family": 25
  },
  "ai_summary": [
    {
      "headline": "1BR apartments fall 9.5% MoM to $2,931",
      "body": "Within Redwood City / Menlo (94025, 94061, 94063), 1-bedroom apartments declined sharply by 9.5% month-over-month to a median rent of $2,931 in April. Year-over-year, this segment recorded a 0.98% decrease, highlighting ongoing downward pressure on prices for small apartment units in Redwood City / Menlo (94025, 94061, 94063)."
    },
    {
      "headline": "2BR single-family homes lead by $807",
      "body": "The 2-bedroom single-family segment in Redwood City / Menlo (94025, 94061, 94063) increased 1.9% month-over-month to $4,492. These homes lead 2-bedroom apartments at $3,685 by $807, and posted 5.43% annual growth, while apartments dropped 2.75% year-over-year, marking clear separation in demand and pricing."
    },
    {
      "headline": "3BR condos up 6.9% YoY to $5,698",
      "body": "Recent numbers show Redwood City / Menlo (94025, 94061, 94063) rental trends favor 3-bedroom condos/townhomes, which rose 6.93% year-over-year to reach $5,698. In contrast, 3-bedroom apartments fell 7.54% annually, and single-family homes climbed 7.56% YoY, illustrating divergent pricing among large units."
    }
  ],
  "summary": {
    "canonical": [
      "As of April 2026, rental prices in Redwood City / Menlo, CA range from $2,931 to $6,336 per month depending on property type and bedroom count.",
      "The most notable year-over-year change was a 10.11% increase for 1BR condo/townhome rentals in Redwood City / Menlo, CA.",
      "For 2BR units, single-family homes in Redwood City / Menlo, CA have a higher median rent ($4,492) compared to apartments ($3,685)."
    ],
    "qa": [
      {
        "question": "What is the typical rent range in Redwood City / Menlo, CA in April 2026?",
        "answer": "In April 2026, rental prices in Redwood City / Menlo, CA span from $2,931 for a 1BR apartment up to $6,336 for a 4BR single-family home."
      },
      {
        "question": "How much higher are single-family rents compared to apartments for the same bedroom count in Redwood City / Menlo, CA?",
        "answer": "For 2BR rentals, single-family homes rent for $4,492 while apartments rent for $3,685, making the premium gap $807 per month; for 4BR units, single-family homes rent for $6,336 versus $5,613 for apartments, a difference of $723."
      },
      {
        "question": "Which segment showed the largest annual growth in Redwood City / Menlo, CA, and is it broad or concentrated?",
        "answer": "The biggest annual rent increase occurred with 1BR condo/townhome units, which grew 10.11% YoY, while other condo/townhome segments also showed positive growth but at lower rates, indicating the gain is concentrated in 1BR."
      },
      {
        "question": "What is the most affordable rental option in Redwood City / Menlo, CA as of April 2026?",
        "answer": "The most affordable option is a 1BR apartment, with a median rent of $2,931 per month."
      }
    ]
  },
  "history": [
    {
      "yearmonth": "202604",
      "month_label": "April 2026",
      "rents": {
        "apartment": {
          "1br": 2931,
          "2br": 3685,
          "3br": 5695,
          "4br": 5613
        },
        "condo_townhome": {
          "1br": 3383,
          "2br": 4302,
          "3br": 5698,
          "4br": 5741
        },
        "single_family": {
          "1br": 3306,
          "2br": 4492,
          "3br": 5734,
          "4br": 6336
        }
      }
    },
    {
      "yearmonth": "202603",
      "month_label": "March 2026",
      "rents": {
        "apartment": {
          "1br": 3309,
          "2br": 4184,
          "3br": 5714,
          "4br": 5523
        },
        "condo_townhome": {
          "1br": 3392,
          "2br": 4388,
          "3br": 5878,
          "4br": 5710
        },
        "single_family": {
          "1br": 3684,
          "2br": 4435,
          "3br": 5992,
          "4br": 6385
        }
      }
    },
    {
      "yearmonth": "202602",
      "month_label": "February 2026",
      "rents": {
        "apartment": {
          "1br": 3145,
          "2br": 4060,
          "3br": 5691,
          "4br": 5598
        },
        "condo_townhome": {
          "1br": 3291,
          "2br": 4191,
          "3br": 5468,
          "4br": 5715
        },
        "single_family": {
          "1br": 3690,
          "2br": 4355,
          "3br": 5491,
          "4br": 6254
        }
      }
    },
    {
      "yearmonth": "202601",
      "month_label": "January 2026",
      "rents": {
        "apartment": {
          "1br": 3151,
          "2br": 3901,
          "3br": 5435,
          "4br": 5612
        },
        "condo_townhome": {
          "1br": 3229,
          "2br": 4260,
          "3br": 5550,
          "4br": 5727
        },
        "single_family": {
          "1br": 3687,
          "2br": 4373,
          "3br": 5475,
          "4br": 6116
        }
      }
    },
    {
      "yearmonth": "202512",
      "month_label": "December 2025",
      "rents": {
        "apartment": {
          "1br": 3147,
          "2br": 3981,
          "3br": 5541,
          "4br": 5609
        },
        "condo_townhome": {
          "1br": 3270,
          "2br": 4180,
          "3br": 5515,
          "4br": 5724
        },
        "single_family": {
          "1br": 3707,
          "2br": 4401,
          "3br": 5459,
          "4br": 6057
        }
      }
    },
    {
      "yearmonth": "202511",
      "month_label": "November 2025",
      "rents": {
        "apartment": {
          "1br": 3089,
          "2br": 3960,
          "3br": 5465,
          "4br": 5652
        },
        "condo_townhome": {
          "1br": 3206,
          "2br": 4268,
          "3br": 5575,
          "4br": 5786
        },
        "single_family": {
          "1br": 3739,
          "2br": 4467,
          "3br": 5499,
          "4br": 6159
        }
      }
    },
    {
      "yearmonth": "202510",
      "month_label": "October 2025",
      "rents": {
        "apartment": {
          "1br": 3097,
          "2br": 3895,
          "3br": 5492,
          "4br": 5674
        },
        "condo_townhome": {
          "1br": 3195,
          "2br": 4254,
          "3br": 5499,
          "4br": 5821
        },
        "single_family": {
          "1br": 3744,
          "2br": 4464,
          "3br": 5495,
          "4br": 6190
        }
      }
    },
    {
      "yearmonth": "202509",
      "month_label": "September 2025",
      "rents": {
        "apartment": {
          "1br": 2939,
          "2br": 3785,
          "3br": 5348,
          "4br": 5661
        },
        "condo_townhome": {
          "1br": 3130,
          "2br": 4146,
          "3br": 5513,
          "4br": 5823
        },
        "single_family": {
          "1br": 3725,
          "2br": 4448,
          "3br": 5477,
          "4br": 6240
        }
      }
    },
    {
      "yearmonth": "202508",
      "month_label": "August 2025",
      "rents": {
        "apartment": {
          "1br": 3016,
          "2br": 3826,
          "3br": 5392,
          "4br": 5622
        },
        "condo_townhome": {
          "1br": 3180,
          "2br": 4113,
          "3br": 5522,
          "4br": 5786
        },
        "single_family": {
          "1br": 3695,
          "2br": 4418,
          "3br": 5469,
          "4br": 6248
        }
      }
    },
    {
      "yearmonth": "202507",
      "month_label": "July 2025",
      "rents": {
        "apartment": {
          "1br": 2927,
          "2br": 3721,
          "3br": 5351,
          "4br": 5577
        },
        "condo_townhome": {
          "1br": 3188,
          "2br": 4128,
          "3br": 5430,
          "4br": 5738
        },
        "single_family": {
          "1br": 3653,
          "2br": 4369,
          "3br": 5482,
          "4br": 6208
        }
      }
    },
    {
      "yearmonth": "202506",
      "month_label": "June 2025",
      "rents": {
        "apartment": {
          "1br": 2968,
          "2br": 3729,
          "3br": 5272,
          "4br": 5525
        },
        "condo_townhome": {
          "1br": 3201,
          "2br": 4064,
          "3br": 5343,
          "4br": 5675
        },
        "single_family": {
          "1br": 3607,
          "2br": 4337,
          "3br": 5389,
          "4br": 6052
        }
      }
    },
    {
      "yearmonth": "202505",
      "month_label": "May 2025",
      "rents": {
        "apartment": {
          "1br": 2938,
          "2br": 3735,
          "3br": 5133,
          "4br": 5465
        },
        "condo_townhome": {
          "1br": 3076,
          "2br": 4038,
          "3br": 5293,
          "4br": 5608
        },
        "single_family": {
          "1br": 3561,
          "2br": 4278,
          "3br": 5289,
          "4br": 5940
        }
      }
    }
  ],
  "links": {
    "data_page": "https://data.estaite.com/submarkets/redwood-city-menlo-ca/",
    "self": "https://data.estaite.com/feeds/redwood-city-menlo-ca.json"
  },
  "license": "CC BY 4.0",
  "license_url": "https://creativecommons.org/licenses/by/4.0/",
  "attribution": "Data provided by Estaite (https://estaite.com)"
}