The housing market in Redmond, OR is quite strong. The median value of a house in the city is $486,200 which is significantly higher than the US median of $338,100. Additionally, it appears that the appreciation rate for housing in Redmond has outpaced the national average with an 8.40% rate compared to the US appreciation rate of 8.27%. This points towards a positive outlook for property values in the area and makes Redmond an attractive place to buy or invest in a home.
The median home cost in Redmond is $486,200. Home appreciation the last 10 years has been 228.8%. Home Appreciation in Redmond is up 14.0%.
Average Age of Homes
- The median age of Redmond real estate is 21 years old
The Rental Market in Redmond
- Renters make up 42.1% of the Redmond population
- 0.6% of houses and apartments in Redmond, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.