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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 $247,692, lower than the Utah average of $525,914.
The average cost of rent is $857/mo in Redmond, primarily driven by the current value of real estate in the Redmond area. In Redmond, 9.38% of households rent, and 38.47% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Redmond is $6,097 per month. Households that rent pay about 14.05% of their income on rent here. Redmond’s most expensive areas are in the southeastern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Salina, UT: higher priced homes
- Axtell, UT: higher priced homes
- Aurora, UT: higher priced homes
- Centerfield, UT: higher priced homes
- Gunnison, UT: higher priced homes
- Mayfield, UT: higher priced homes
- Sigurd, UT: higher priced homes
- Fayette, UT: higher priced homes
- Sterling, UT: higher priced homes
- Venice, UT: higher priced homes
Cities with Similar Populations
- Norway, IA: equally priced homes
- Salix, IA: equally priced homes
- Sabula, IA: less expensive homes
- Ryan, OK: less expensive homes
- Rusk, WI: higher priced homes
- Olympia Springs, KY: less expensive homes
- Oliver, AL: higher priced homes
- Old Mill Creek, IL: higher priced homes
- Nuremberg, PA: less expensive homes
- Salkum, WA: higher priced homes
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