There are currently 14,837 real estate properties in Redmond, OR, with a median automated valuation model (AVM) price of $485,500.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Redmond, OR, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Redmond, OR, is $558,447.00, with the most expensive house in Redmond, OR, topping out at $8,064,600.00 and the cheapest home in Redmond, OR, clocking in at $21,541.00. In other words, there’s something for every potential homebuyer or savvy investor in Redmond, OR!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Redmond, OR, is on a rollercoaster ride. The average rent price in Redmond, OR, is $1,348.00. Indeed, when looking to rent in Redmond, OR, you can expect to pay as little as $680.00 or as much as $3,360.00, with the average rent median estimated to be $1,300.00. The good news is that finding an affordable and desirable property to rent in Redmond, OR -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
Redmond is located in Deschutes, Oregon, with an estimated municipal population of 32,421 residents. All of the best foreclosed homes for sale in Redmond are located in the following zip code areas on Foreclosure.com: 97756. The estimated population per square kilometer (.62 miles) in Redmond is 744.
So, about how much do homes cost in Redmond? The most recent median value of resident-owned homes in Redmond is 257,332. An estimated 60 percent of households in Redmond own their homes, with an average family size of 3.15. The median household income in Redmond is 65,088, with21.8 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Redmond, the median commute time of resident workers (in minutes) is 20.7. And last, but certainly not least, are you looking for homes to rent in Redmond? If so, the average rent price paid by renters in Redmond is 1,090, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Redmond, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in Redmond is 37, split between 47.6 percent male versus 52.4 female. The percentage of residents who report being married in Redmond is 48.6, with an average family size of 3.15.
The percentage of residents who report their race in Redmond is as follows:
| White | 89.7% |
| Black / African American | 1.4% |
| Asian | 0.5% |
| American Indian / Alaskan Native | 0.9% |
| Native Hawaiian / Other Pacifc Islander | 0.5% |
| Multi-racial | 3.7% |
| Other | 3.4% |
Looking for family-friendly neighborhoods in and/or near Redmond? Or maybe you are searching for 55+ active adult communities in and/or near Redmond?
The percentage of residents who report their age in Redmond is as follows:
| Under 10 | 11.5% |
| Aged 10-19 | 13.5% |
| 20s | 13% |
| 30s | 15.7% |
| 40s | 13.8% |
| 50s | 10.8% |
| 60s | 11.3% |
| 70s | 7.6% |
| 80+ | 2.6% |
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Redmond with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Redmond.
How do you know that living in -- or moving to -- Redmond is right where you need to be? Perhaps you grew up in Redmond or already live nearby; therefore, the decision to buy a home in Redmond is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Redmond for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in Redmond:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Redmond.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Redmond can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Redmond, meanwhile, can field multiple offers from more qualified buyers.
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