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 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Redmond Housing Market Information

With 32,421 people, 11,292 houses or apartments, and a median cost of homes of $331,018, 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 70.54% 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 ( 12.60%), large apartment complexes or high rise apartments ( 8.11%), and a few row houses and other attached homes ( 5.28%).

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 56.69% owning and 43.31% 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 ( 38.57%). A lesser amount of the housing stock also hails from between 1940-1969 ( 12.02%). There's also some housing in Redmond built before 1939 ( 4.32%).

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 131.34% over the last ten years, which is an average annual home appreciation rate of 8.75%, 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.

Appreciation rates are so strong in Redmond that despite a nationwide downturn in the housing market, Redmond real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Redmond appreciation rates continue to be some of the highest in America, at 5.75%, which is higher than appreciation rates in 84.05% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Redmond. Redmond appreciation rates in the latest quarter were at 2.50%, which equates to an annual appreciation rate of 10.38%.

Importantly, this makes Redmond one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Oregon, our data show that Redmond's latest annual appreciation rate is higher than 80% of the other cities and towns in Oregon.

Average Home Values


Median Home Value:


Value Range
> $1,364,000 0.0
$1,023,001 - $1,364,000 0.1
$682,001 - $1,023,000 5.9
$546,001 - $682,000 7.3
$410,001 - $546,000 16.0
$273,001 - $410,000 42.1
$137,001 - $273,000 21.4
$68,001 - $137,000 1.6
$0 - $68,000 5.4

Average for OR
Very High for Nation

Value Relative to Nation Value Relative to State
18.236496350365 44.4444444444444

Number Of Homes And Apartments:

Redmond Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
2020 Q2 - 2020 Q3
Last 12 Months:
2019 Q3 - 2020 Q3
Last 2 Years:
2018 Q3 - 2020 Q3
Last 5 Years:
2015 Q3 - 2020 Q3
Last 10 Years:
2010 Q3 - 2020 Q3
Since 2000:
2000 Q1 - 2020 Q3
139.27% 4.29%
* 10 is highest

Rent & Ownership


Average Market Rent:
$1,312 / per month

Homeownership Rate

Owners 56.69
Renters 43.31
Vacant 2.98

Housing Market Details


Age of Homes

2000 or Newer 38.6
1970 - 1999 45.1
1940 - 1969 12.0
1939 or Older 4.3

Types of Homes

Single-Family 70.5
Townhomes 5.3
Small Apt. Buildings 12.6
Apt. Complexes 8.1
Mobile Homes 3.5
Other 0.0

Home Size

No Bedroom 1.86
1 Bedroom 5.58
2 Bedrooms 22.80
3 Bedrooms 59.15
4 Bedrooms 8.89
5 or more bedrooms 1.71

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Zip Codes in Redmond, OR