Expensive
Affordable
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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 $1,167,094, higher than the Washington average of $621,115.
The average cost of rent is $2,642/mo in Redmond, primarily driven by the current value of real estate in the Redmond area. In Redmond, 54.76% of households rent, and 36.21% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Redmond is $14,659 per month. Households that rent pay about 18.02% of their income on rent here. Redmond’s most expensive areas are in the northern 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
- Hollywood, WA: higher priced homes
- Kirkland, WA: higher priced homes
- Union Hill-Novelty Hill, WA: higher priced homes
- Kingsgate, WA: less expensive homes
- Yarrow Point, WA: higher priced homes
- Cottage Lake, WA: higher priced homes
- Bellevue, WA: equally priced homes
- Clyde Hill, WA: higher priced homes
- Hunts Point, WA: higher priced homes
- Inglewood-Finn Hill, WA: equally priced homes
Cities with Similar Populations
- Palmdale, CA: less expensive homes
- Manchester, NH: less expensive homes
- Manassas, VA: less expensive homes
- Menifee, CA: less expensive homes
- Magnolia, TX: less expensive homes
- Mililani, HI: less expensive homes
- Manteca, CA: less expensive homes
- McAllen, TX: less expensive homes
- Mesa, AZ: less expensive homes
- Middletown, OH: less expensive homes
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