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Redmond

Learn about the people, housing, costs and businesses in Redmond, Oregon

Median Home$465,268
Median Rent$1,562/month
Population35,795
Leading IndustriesFinance & Insurance · Public Administration · Information & Media6% finance & insurance
Home Value Growth+1.7% over 2 years
Young Adults30% of residentsabove average nationally
Homeowners65% of occupied units
NotableTransit87/100 · excellent transit access
NotableAmenity Score76/100 · highly walkable area
Redmond
OR

Frequently Asked Questions

What are today's mortgage rates in Redmond?

As of today, the 30-year fixed mortgage rate for Redmond is approximately 6.888% (6.924% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Redmond?

The median home value in Redmond is $465k. The median monthly rent is $1,562. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Redmond?

Home values in Redmond have increased 1.7% over the past two years. The market has been relatively stable. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Redmond?

Based on a typical all-in ownership cost of $1,593/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $68k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Redmond is $79k/year.

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What industries drive the economy in Redmond?

The largest employment sectors in Redmond are public administration (26%) and retail (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.