Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Downtown Redmond area can be challenging. Home prices in Downtown Redmond are now at a median cost of $606,971, lower than the Redmond average of $757,749.
The average cost of rent is $2,076/mo in Downtown Redmond, primarily driven by the current value of real estate in the Downtown Redmond area. While nearly 34.14% of residents own their homes outright in Downtown Redmond, 79.39% rent.
Housing affordability isn’t just about home prices, though. The average household income in Downtown Redmond is $10,200 per month. Households that rent pay about 20.35% of their income on rent here. Downtown Redmond's most expensive areas are in the northwestern regions, while the cheapest areas are in the southern parts of the neighborhood.
Nearby Neighborhoods
- Education Hill, Redmond, WA: higher priced homes
- Grass Lawn, Redmond, WA: higher priced homes
- Southeast Redmond, Redmond, WA: equally priced homes
- North Redmond, Redmond, WA: higher priced homes
- South Rose Hill, Kirkland, WA: higher priced homes
- North Rose Hill, Kirkland, WA: higher priced homes
- Bridle Trails, Bellevue, WA: higher priced homes
- Interlake, Bellevue, WA: higher priced homes
- Idylwood, Redmond, WA: higher priced homes
- Highlands-Kirkland, Kirkland, WA: higher priced homes
Neighborhoods with Similar Populations
- Montrose Verdugo City, La Crescenta, CA: higher priced homes
- Southsuide Estates, Jacksonville, FL: less expensive homes
- Greenhaven, Sacramento, CA: equally priced homes
- Guajome, Oceanside, CA: equally priced homes
- Hanson Park, Chicago, IL: less expensive homes
- Mokapu, Kaneohe Station, HI: higher priced homes
- North Broadway, Escondido, CA: less expensive homes
- North Tampa, Tampa, FL: less expensive homes
- oakwood, Dayton, OH: less expensive homes
- Portland, Louisville, KY: less expensive homes
All Local Stats
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