Housing in Redmond, WA is significantly more expensive than the US median, with a median home value of $1,186,200. Despite this high price tag, the housing market in Redmond has still seen an increase in appreciation over the past year with a 7.43% rate of increase. This number is slightly lower than the US average appreciation of 8.27%, indicating that despite being more expensive than other markets, Redmond's housing market remains strong and desirable.
The median home cost in Redmond is $1,186,200. Home appreciation the last 10 years has been 167.2%. Home Appreciation in Redmond is up 14.8%.
Average Age of Homes
- The median age of Redmond real estate is 29 years old
The Rental Market in Redmond
- Renters make up 46.1% of the Redmond population
- 2.1% 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.