Redmond OR

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Redmond, OR Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q3 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2017 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Redmond Housing Market Information

With a population of 30,914, 10,862 total housing units (homes and apartments), and a median house value of $313,651, Redmond real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Redmond, accounting for 68.18% of the city's housing units. Other types of housing that are prevalent in Redmond include duplexes, homes converted to apartments or other small apartment buildings ( 13.86%), large apartment complexes or high rise apartments ( 7.98%), and a few mobile homes or trailers ( 5.02%).

The most prevalent building size and type in Redmond are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 54.38% owning and 45.62% renting.

There is a lot of housing in Redmond built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Redmond built between 2000 and later ( 40.50%). A lesser amount of the housing stock also hails from between 1940-1969 ( 10.42%). There's also some housing in Redmond built before 1939 ( 4.36%).

Redmond Home Appreciation Rates

In the last 10 years, Redmond has experienced some of the highest home appreciation rates of any community in the nation. Redmond real estate appreciated 74.88% over the last ten years, which is an average annual home appreciation rate of 5.75%, putting Redmond in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Redmond definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Redmond's appreciation rate, at 3.36%, has been at or slightly above the national average. In the latest quarter, Redmond's appreciation rate has been 1.25%, which annualizes to a rate of 5.11%.

Relative to Oregon, our data show that Redmond's latest annual appreciation rate is lower than 60% of the other cities and towns in Oregon.

Average Home Values


Median Home Value:


Value Range
> $1,412,000 0.1
$1,059,001 - $1,412,000 0.6
$706,001 - $1,059,000 5.0
$565,001 - $706,000 4.3
$423,001 - $565,000 13.0
$283,001 - $423,000 38.6
$141,001 - $283,000 25.7
$71,001 - $141,000 6.3
$0 - $71,000 6.5

Average for OR
Very High for Nation

Value Relative to Nation Value Relative to State
18.8087591240876 48.3091787439614

Number Of Homes And Apartments:

Redmond Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
2019 Q2 - 2019 Q3
Last 12 Months:
2018 Q3 - 2019 Q3
Last 2 Years:
2017 Q3 - 2019 Q3
Last 5 Years:
2014 Q3 - 2019 Q3
Last 10 Years:
2009 Q3 - 2019 Q3
Since 2000:
2000 Q1 - 2019 Q3
124.18% 4.17%
* 10 is highest

Rent & Ownership


Average Market Rent:
$1,288 / per month

Homeownership Rate

Owners 54.38
Renters 45.62
Vacant 4.74

Housing Market Details


Age of Homes

2000 or Newer 40.5
1970 - 1999 44.7
1940 - 1969 10.4
1939 or Older 4.4

Types of Homes

Single-Family 68.2
Townhomes 5.0
Small Apt. Buildings 13.9
Apt. Complexes 8.0
Mobile Homes 5.0
Other 0.0

Home Size

No Bedroom 1.60
1 Bedroom 5.75
2 Bedrooms 23.70
3 Bedrooms 58.66
4 Bedrooms 8.95
5 or more bedrooms 1.32

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Zip Codes in Redmond, OR