Redmond, OR
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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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 Q1 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 30,011, 10,862 total housing units (homes and apartments), and a median house value of $307,398, 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 37.18% over the last ten years, which is an average annual home appreciation rate of 3.21%, putting Redmond in the top 20% 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 5.76%, has been at or slightly above the national average. In the latest quarter, Redmond's appreciation rate has been 1.13%, which annualizes to a rate of 4.59%.

Relative to Oregon, our data show that Redmond's latest annual appreciation rate is lower than 50% of the other cities and towns in Oregon.

Average Home Values

 

Median Home Value:
$307,398

Redmond, OR HOME PRICES

Value Range
> $1,384,000 0.0
$1,037,001 - $1,384,000 0.9
$692,001 - $1,037,000 2.1
$554,001 - $692,000 3.1
$415,001 - $554,000 13.5
$277,001 - $415,000 41.8
$138,001 - $277,000 28.0
$69,001 - $138,000 5.5
$0 - $69,000 5.0

Average for OR
Very High for Nation

Value Relative to Nation Value Relative to State
18.5518248175182 46.8599033816425

Number Of Homes And Apartments:
10,862

Redmond Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OR*
Compared To
America*
Latest Quarter:
2018 Q4 - 2019 Q1
Last 12 Months:
2018 Q1 - 2019 Q1
Last 2 Years:
2017 Q1 - 2019 Q1
Last 5 Years:
2014 Q1 - 2019 Q1
Last 10 Years:
2009 Q1 - 2019 Q1
Since 2000:
2000 Q1 - 2019 Q1
119.71% 4.17%
9
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,242 / per month

Homeownership Rate

Homeownership
Owners 54.38
Renters 45.62
Vacant 4.74

Housing Market Details

 

Age of Homes

AGE OF Redmond HOMES
2000 or Newer 40.5
1970 - 1999 44.7
1940 - 1969 10.4
1939 or Older 4.4

Types of Homes

TYPE OF Redmond 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

SIZE OF Redmond HOMES
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