Redwood, NY
Population 342 · New York
About Redwood, NY
Redwood is a small community in New York with a population of 342 residents. The median household income is $124,125 per year, which is above the national average. The median age in Redwood is 27.8 years.
Housing in Redwood has a median home value of $172,300 and median monthly rent of $0. Of the 174 total housing units, the majority are owner-occupied, with 100 owner-occupied and 17 renter-occupied units.
The unemployment rate in Redwood is 3.6% and the poverty rate is 16.1%. 24.2% of residents hold a bachelor's degree or higher. The average commute time is 30.7 minutes.
Cost of Living in Redwood, NY
Compared to national averages, Redwood has a median household income of $124,125 (65% above the national median of $75,149). Home values average $172,300, which is 30% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within New York, Redwood's income is 28% above the state average of $96,987, and home values are 55% below the state median of $387,181.
Why Live in Redwood, NY?
Redwood offers a strong local economy with a median household income of $124,125, well above the national average, and affordable housing with a median home value of $172,300, below the US average of $244,900, and rent that’s lower than the national average at $0/month. Additionally, the city features a strong job market with an unemployment rate of just 3.6%.
Redwood has a population of 342 with a median age of 27.8 years. Compare Redwood with other cities to see how it stacks up, or explore all cities in New York.
Similar Cities Near Redwood
Cities in New York with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Ellicottville | 342 | $88,333 | $277,600 | Compare |
| Groveland Station | 343 | $77,039 | $138,400 | Compare |
| Chautauqua | 340 | $0 | $732,100 | Compare |
| Millport | 340 | $44,038 | $96,800 | Compare |
| Gorham | 345 | $85,893 | $214,100 | Compare |
| Pine Hill | 339 | $84,531 | $316,200 | Compare |
| Gilbertsville | 337 | $71,500 | $151,800 | Compare |
| Prospect | 337 | $46,413 | $104,400 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in New York
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Redwood
What is the population of Redwood, NY?
The population of Redwood, NY is 342 according to the latest Census data.
What is the median household income in Redwood?
The median household income in Redwood, NY is $124,125 per year.
What is the median home value in Redwood?
The median home value in Redwood, NY is $172,300.
What is the average rent in Redwood?
The median monthly rent in Redwood, NY is $0.
What is the unemployment rate in Redwood?
The unemployment rate in Redwood, NY is 3.6%.