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These days, finding an affordable place to live in the Redmond area can be challenging. Home prices in Redmond are now at a median cost of $510,648, higher than the Oregon average of $502,078.
The average cost of rent is $1,657/mo in Redmond, primarily driven by the current value of real estate in the Redmond area. In Redmond, 30.81% of households rent, and 27.25% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Redmond is $7,457 per month. Households that rent pay about 22.21% of their income on rent here. Redmond’s most expensive areas are in the northwestern regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Pronghorn, OR: higher priced homes
- Deschutes Junction, OR: higher priced homes
- Terrebonne, OR: equally priced homes
- Powell Butte, OR: higher priced homes
- Tumalo, OR: higher priced homes
- Bend, OR: higher priced homes
- Culver, OR: less expensive homes
- Sisters, OR: higher priced homes
- Prineville, OR: less expensive homes
- Grizzly, OR: higher priced homes
Cities with Similar Populations
- Raeford, NC: less expensive homes
- Dunedin, FL: less expensive homes
- Elkton, MD: less expensive homes
- Ellenwood, GA: less expensive homes
- Elmont, NY: higher priced homes
- Fair Oaks, CA: higher priced homes
- Fitchburg, MA: less expensive homes
- Freehold, NJ: equally priced homes
- Porter, TX: less expensive homes
- Beverly Hills, CA: higher priced homes
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