Redmond, OR 97756 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Redmond, OR—97756

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$505,000

1.7% YoY Growth

Household Income

$84,100

42.3% YoY Growth

Days on Market

4.0% Shorter YoY

Home Price Forecast

0.6%

Median Rent

$2,080

2.3% YoY Growth

1-Bed Rent

$1,500

4.0% YoY Growth

2-Bed Rent

$1,850

8.7% YoY Growth

3-Bed Rent

$2,400

1.7% YoY Growth

Home Price Trends — Redmond, OR

As of Dec '25, the median home price in Redmond, OR is $505,000, with a year-over-year change of -1.7%. This indicates that home prices in Redmond, OR are decreasing. According to Zillow, the 1-year price projection is 0.6%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$505,000	-1.7%
Single Family	$506,000	-1.6%
Condos	$347,000	-0.6%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Redmond, OR

As of July '25, Rentcast reports the average rent in Redmond, OR is $2,150, with a year-over-year rent change of -2.3%. Per bedroom, the median rent as of July '25 in Redmond, OR is studios: $1,300, 1-bedrooms: $1,450, 2-bedrooms: $1,870, 3-bedrooms: $2,390, 4-bedrooms: $2,930. The most common rental property sizes in Redmond, OR are 3-bedroom and 2-bedroom, accounting for 40.7% and 36.9% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$2,080	$2,150
Studio Rent	$1,200	$1,300
1 Bed Rent	$1,500	$1,450
2 Bed Rent	$1,850	$1,870
3 Bed Rent	$2,400	$2,390
4 Bed Rent	$2,850	$2,930

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% of Rental Stock

Studio

4.4%

1 Bedroom

14.9%

2 Bedrooms

36.9%

3 Bedrooms

40.7%

4 Bedrooms

3.1%

Property Listings — Redmond, OR

As of Dec '25, Realtor.com reports that the median days on market for a home in Redmond, OR is 85. This is a increase of 2.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 24.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$535,000	-8.0%
Listing Count	279	-24.0%
Listings as % of Homes	1.4%	-24.0%
Days on Market	92	-4.0%

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Demographics — Redmond, OR

As of the latest ACS Survey released in 2023, Redmond, OR has a population of 44,300, which has increased by 18.0% over the past 5 years. Redmond, OR is a moderately popular place for families, as children make up 21.8% of the population. The area has a moderately educated workforce, with 32.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.8% reporting working from home.

Metric	Latest Census	YoY % Change
Population	44,300	18.0%
% Under 18	21.8%	4.3%
% Seniors	19.1%	2.7%
% WFH	16.8%	118.2%
% w/ College Degree	32.2%	53.3%

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As of the latest ACS Survey released in 2023, Redmond, OR is a predominantly white area, with 82.4% of the population identifying as white. The white population has shrunk by 3.7% in the last 5 years. The second most common race or ethnicity in Redmond, OR is hispanic, making up 12.9% of the population. Foreign-born residents account for 5.8% of the population in Redmond, OR, and this percentage has increased by 23.4% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	82.4%	-3.7%
% Black	0.6%	-25.0%
% Hispanic	12.9%	31.6%
% Asian	1.0%	150.0%
% Foreign Born	5.8%	23.4%

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Mortgage and Risk — Redmond, OR

According to HUD data as of 2023, there were 1111 mortgage originations in Redmond, OR, of which 80.0% of loans were conventional mortgages. The average loan-to-value was 54.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in Redmond, OR. Investor activity is low, as 2.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	1,111
% Conventional Loans	80.0%
% Government Loans	20.0%
% Investor Loans	2.0%
% Second Loans	3.0%
% Cash Out Refinance	8.0%

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Rentals and Section 8 — Redmond, OR

As of 2024, the percent of homes in Redmond, OR under the Section 8 program is 8.5%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Redmond, OR, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.

Section 8 Market Size

Total Units under HUD	436
Total Units Section 8	436
% Rentals under Section 8	8.5%
% Occupied Section 8	91.7%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$340	$1,500	$1,160
2 Bedroom	-$380	$1,850	$1,470
3 Bedroom	-$340	$2,400	$2,060
4 Bedroom	-$370	$2,850	$2,480

Redmond, OR—97756

Key Metrics at a Glance

Home Price Trends — Redmond, OR

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Redmond, OR

% of Rental Stock

Property Listings — Redmond, OR

Demographics — Redmond, OR

Race and Ethnicity

Mortgage and Risk — Redmond, OR

Mortgages

Rentals and Section 8 — Redmond, OR

Section 8 Market Size

Section 8 Opportunity

Affordability — Redmond, OR

Home Price to Income Ratio

Redmond, OR — ZIP Code Boundary Map

Nearby ZIP Codes

Terrebonne, OR

Powell Butte, OR

Bend, OR

Bend, OR

Bend, OR

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	5.9
Median Home Price	$505,000
Median Household Income	$84,100

Redmond, OR—97756

Key Metrics at a Glance

Home Price Trends — Redmond, OR

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Redmond, OR

% of Rental Stock

Property Listings — Redmond, OR

Demographics — Redmond, OR

Race and Ethnicity

Mortgage and Risk — Redmond, OR

Mortgages

Rentals and Section 8 — Redmond, OR

Section 8 Market Size

Section 8 Opportunity

Affordability — Redmond, OR

Home Price to Income Ratio

Redmond, OR — ZIP Code Boundary Map

Nearby ZIP Codes

Terrebonne, OR

Powell Butte, OR

Bend, OR

Bend, OR

Bend, OR

Frequently Asked Questions

What is the average home price in Redmond, OR 97756?

How have home prices in Redmond, OR 97756 changed over the past year?

What is the home price projection for Redmond, OR 97756?

What are the demographics of Redmond, OR 97756?

How long does it take homes to sell in Redmond, OR 97756?

What is the average rent price in Redmond, OR 97756?