Redmond, OR housing market
The typical Redmond home is worth about $511,000, about the same as a year ago, close to the Oregon typical home. Homes typically sell in 28 days, close to asking.
Home values, sales, trends and how Redmond compares with the towns next door — updated as new data is published.
Redmond at a glance
A seller's market
Supply is tight — about 2.8 months of homes for sale at the current pace. Buyers should expect competition on well-priced homes.
Typical home value, 2016–2026
Show as a table
| January | Redmond | Oregon |
|---|---|---|
| 2017 | $287,000 | $313,000 |
| 2018 | $309,000 | $337,000 |
| 2019 | $330,000 | $354,000 |
| 2020 | $347,000 | $369,000 |
| 2021 | $395,000 | $411,000 |
| 2022 | $504,000 | $480,000 |
| 2023 | $509,000 | $490,000 |
| 2024 | $515,000 | $495,000 |
| 2025 | $523,000 | $504,000 |
| 2026 | $516,000 | $500,000 |
| August 2026 | $511,000 | $496,000 |
374 new homes permitted in 2025
Builders were permitted 374 new homes in Redmond in 2025: 205 single-family houses and 169 in buildings with two or more homes, worth about $90.3 million to build. That's 10 per 1,000 residents, faster than across Oregon (3.8). Over the past 10 years, Redmond has permitted 4,976 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Redmond gained 7,059 residents while 2,507 new homes were permitted: about 2.8 new residents per new home. Building and growth moved roughly in step. Across Oregon: 2.6 new residents per new home.
How Redmond ranks on housing keeping up with growth →
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 206 | 206 | 0 | $55.4 million |
| 2025 | 374 | 205 | 169 | $90.3 million |
| 2024 | 522 | 281 | 241 | $131 million |
| 2023 | 410 | 302 | 108 | $116.6 million |
| 2022 | 435 | 207 | 228 | $89.8 million |
| 2021 | 650 | 458 | 192 | $139.3 million |
| 2020 | 703 | 551 | 152 | $147.8 million |
| 2019 | 768 | 361 | 407 | $134.4 million |
| 2018 | 512 | 422 | 90 | $107.9 million |
| 2017 | 323 | 311 | 12 | $79.4 million |
| 2016 | 279 | 279 | 0 | $60.5 million |
| 2015 | 198 | 191 | 7 | $45.2 million |
| 2014 | 148 | 148 | 0 | $34.9 million |
| 2013 | 100 | 100 | 0 | $18.5 million |
| 2012 | 90 | 62 | 28 | $13.9 million |
| 2011 | 31 | 31 | 0 | $4.9 million |
| 2010 | 58 | 52 | 6 | $10 million |
| 2009 | 59 | 59 | 0 | $10.4 million |
| 2008 | 144 | 140 | 4 | $20 million |
| 2007 | 329 | 281 | 48 | $43.9 million |
| 2006 | 560 | 529 | 31 | $88.3 million |
| 2005 | 874 | 829 | 45 | $127.1 million |
| 2004 | 807 | 699 | 108 | $105.6 million |
| 2003 | 620 | 487 | 133 | $80.6 million |
| 2002 | 408 | 392 | 16 | $53.8 million |
| 2001 | 493 | 477 | 16 | $56.8 million |
| 2000 | 368 | 358 | 10 | $40.9 million |
How Redmond ranks on new homes being built →
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
6.1 years of income
The typical Redmond home costs about 6.1 years of the town's median household income, about the same as across Oregon (6).
How Redmond ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,570
HUD's Fair Market Rent for a two-bedroom in Redmond is $1,570 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Redmond pay a median of $1,628. A two-bedroom takes about 22% of the town's median household income.
Studio $1,200 · 4 bedrooms $2,630
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (97756; Bend-Redmond, OR HUD Metro FMR Area), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.