Of these, 1,733,990 square feet were office properties between 500K to 1M square feet and 1,525,286 square feet were buildings between 50k to 100k. 5. The average Fair Market Rent for a 2-bedroom home in Washington is $1,069 per month. The average rent of a studio apartment in Redmond is $1,973 per month. This is an investment that could take care of itself. Washington (WA) has the Beyond that, groceries, taxes, and miscellaneous expenses are all also well above the national average. Learn about natural hazards and environmental risks, such as floods, storms, fires, droughts and heat risks that could impact homes in, Click on the risks below to learn which exist in. The average amount paid per kilowatt-hour for electricity in Redmond is 10.36 cents, which is more than 21% higher than the Washington average but also 13% less than the national average. Southeast Redmond, How do rent prices in Redmond, WA compare with the national average? Sammamish Valley, So, the costs may go up or down depending on which neighborhood you eventually decide to stay. 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 - 1.7% of houses and apartments in Redmond, are available to rent DID YOU KNOW As of March 2023, the average apartment rent in Redmond, WA is $1,920 for a studio, $1,784 for one bedroom, $1,995 for two bedrooms, and $3,527 for three bedrooms. The median rent price in Redmond, WA March 2023 is $2,750. Track your homes value and compare it to nearby sales. Homes sell in 27 days. A good rule of thumb for housing affordability is the 28% rule: your monthly rent or the sum of your monthly mortgage, property taxes, and insurance should not exceed 28% of your gross income (income before tax). Groceries in Redmond are estimated to be as much as 27% higher than the national average. In the last month, the average rent price in Education Hill for a 2 bedroom apartment decreased by 2%. The average rent for an apartment in Redmond is $2,547. For a studio apartment in Redmond, WA, the average rent is $1,942. Gas in Redmond is nearly 38% higher than in the rest of the country. A crowdsourced database with a cost of living calculator for prices comparison in 9294 cities in 197 countries all over the world. Crowdsourced data is a vital part of the Internet, help us become better! Forty-five percent of apartments for rent are more than $2,000 a month. Many people simply cant afford the combination of a down payment and What is The Correct Way To Handle Dirty Mop Water? Popular Redmond neighbourhoods with available office spaces include Overlake, Downtown Redmond and Southeast Redmond. There are a total of 4 counties located by Redmond, WA. Zillow (Canada), Inc. holds real estate brokerage licenses in multiple provinces. 442-H New York Standard Operating Procedures New York Fair Housing NoticeTREC: Information about brokerage services, Consumer protection noticeCalifornia DRE #1522444Contact Zillow, Inc. The cost of rent in Education Hill varies depending on several factors including but not limited to: the unit size, the count of bathrooms, and the location within Education Hill. Bellevue gets an average of 32.02 inches (813 mm) of rain per year, based on data from 1981 to 2013. Do not sell or share my personal information. Seattle-Bellevue, WA HUD Metro FMR Area. About This Home Zoned C165. After drawing up a shortlist, make sure you contact the listed broker(s) to schedule a viewing and begin the negotiation process for your lease contract. This includes regional plans, local needs assessments, and more. Redmond, WA, Redmond Woods - 5000-5020 148th Avenue NE, Quadrant Willows Corporate Center - Building A, Redmond East Business Campus - Buildings 2 & 3, Westpark Business Park - Buildings A, B & C, Quadrant Willows Corporate Center - Building C, Westpark Business Park - Buildings G, H & I, Westpark Business Park - Buildings J, K & L, Redmond Town Center Campus - Buildings 1-3, Redmond Ridge Corporate Center - Building 101, West Willows Technology Center - Buildings A & B, Westpark Business Park - Buildings D, E & F, Bridle Trails - Bellevue Office Space For Rent, Union Hill-Novelty Hill Office Space For Rent, Union Hill-Novelty Hill Industrial Spaces. The median home cost in Redmond is Home Appreciation in Redmond is up 21.0%. Redmond, WA, 9825 Willows Road NE, TREC:Info About Brokerage Services,Consumer Protection Notice. What is the average rent in Redmond, WA? A .gov website belongs to an official government She now works as a full-time writer with an interest in all things real estate and interior design. Redmond, Washington, is home to Nintendo and Microsoft. million Redfin.com users who searched for homes across more than 100 metro areas. Check out photos, prices, & amenities to find your perfect rental home. Learn about the walkability, bikeability, and transit-friendliness of. The average size of office space availabilities is 50,096 square feet. 4-bedroom rentals prices have Redmond, WA, 15809 Bear Creek Pkwy, Redmond, Washington | Apartment rent ranges Under $500 $500 - $700 $700 - $1000 $1,000 - $1,500 $1,500 - $2,000 Over $2,000 At 85.12%, apartments priced Over $2,000 represent the bulk of Redmond, Washington rentals, while condos priced $700 - $1000 hold the lowest share of the market - 0.41%. The median rent in Redmond, WA is $2,750. In the last month, the average rent price in Redmond for a 2 bedroom apartment remained approximately flat. 88 Office Spaces for Rent in Redmond, WA Sort By Next Page Overlake Business Center 2509 152nd Avenue NE, Overlake, Redmond, WA For Lease $37.56/SF/YR Property Office 371,253 SF Availability 28 Spaces 73,760 SF Year Built 1975 View Details Contact Property Redmond Ridge Corporate Center - Building 101 This dataset excludes all rentals data. Housing, in particular, comes with a significant price tag. This is $617 more than the national median. What Is The Cost of Living In Coeur dAlene, Idaho? ClimateCheck analyzes a property's risk from climate change using the latest modeling and data from climate scientists, universities, and federal agencies. The median rent in Redmond, WA is $2,750. organization in the United States. The median income for an individual is $79,890, which is 99% more than that of the state. If you are using a screen reader, or having trouble reading this website, please call Redfin Customer Support for help at 1-844-759-7732. The price range for all bedrooms and all property types is $995 to $17,500. Use the link below to embed the infographic from our site and automatically keep the data layer up to date. Housing Plans & Documents This page contains a collection of plans, documents, and other items, which impact housing. The total cost of living is around $3,361 in Redmond, WA. There were 51 homes sold in February this year, up from 50 last year. increased by $76 (2.36%) year-over-year from 13th highest rent in the country out of 56 states and territories. Zumper is built by passionate people in San Francisco. Home: Renter Resources: Contact: Help: About Us: Log In: . Tell us where and what you're looking for and the brokers will come to you, Data provided by Yardi Matrix, properties over 50k SF, includes office with retail. Downtown Redmond, 3-bedroom rentals prices have Are you still looking for the office space near you thats perfect for your business? Refinance or buy a home with a low 3.5% down payment. A software engineer, on average, makes $114,000, while a senior software engineer makes an average salary of $142,000. The cost-of-living index for utilities in Redmond is actually one of the few measures that is lower than the national average at 71.3, compared to the national average of 100. Redmond, WA, 2205 152nd Avenue Northeast, Register for a Free Trial and get 5 PRO Reports (no credit card required) Start a Free Trial Redmond is very competitive. and helps you determine a livable salary. Contact Us Ian Lefcourte Senior Planner, Long Range Planning Email Ian Lefcourte Phone: 425-556-2438 Many homes get multiple offers, some with waived contingencies. Units: 1 Bed / 1 Bath 2 Beds / 1 Bath 2 Beds / 2 Baths Last updated 13 Mar 2023 Print Is this home right up your alley? Transportation Somewhat Walkable 58 out of 100 WalkScore Rating For very in-demand homes, its not unusual for them to sell for 8% higher than the list price, and they often are pending within just a few days. Get the latest info on market conditions, price movement, real estate trends, and more. The median home price in Redmond is $680,000 with a median price per sqft of $515. In February 2023, Redmond home prices were up 6.9% compared to last year, selling for a median price of $1.0M. A total of 6 zipcodes have a average rent that is lower than that. Estimates are not comparable to other geographic levels due to methodology differences that may exist between different data sources. How much is your home worth? Downtown Redmond, All rights reserved. Share sensitive information only on official, There are a total of 1 cities nearby Redmond. The average sale price of a home in Redmond was $1.02M last month, up 5.8% since last year. The population in READ REDFIN'S FAIR HOUSING POLICY. Another good rule of thumb is the 50-30-20 rule which says 50% of the net income (income after tax) should be spent on needs, 30% on wants, and 20% on savings and investments. Washington State has a 6.5% sales tax, and then Redmond adds another 3.6% to that, so youre paying a minimum combined sales tax rate of 10.1%. C2ER (Council for Community and Economic Research), To calculate the cost of living, data has been taken from, The Cost of Living Index takes into account the data from 273 cities across the US, The Cost of Living Index and hence, the ranking reflects cost differentials for professional households in the top income quintile. Redmond is part of Seattle-Bellevue-Everett Metro Div. Sales and office occupations workers mean income is $42,903. 3-bedroom rents have Northeast, Inc Skyline Properties, Inc. John Jergens John L. Scott, Inc. Realty Executives Brio, 13846 NE 60th Way #118, Redmond, WA 98052. Used under license. Sammamish Valley, The price of rent in Redmond varies depending on several variables including but not limited to: the unit size, the count of bathrooms, and the location within Redmond, WA. Core83 Apartments | 16590 NE 83rd St, Redmond, WA $2,895+ 2 bds Updated yesterday The Colony at Bear Creek | 18100 NE 95th St, Redmond, WA $1,716+ 1 bd $2,504+ 2 bds Parkside by Lincoln Property Company | 15551 NE Turing St, Redmond, WA $1,741+ Studio $1,830+ 1 bd $3,011+ 2 bds Spectra | 17620 NE 69th Ct, Redmond, WA $2,080+ 1 bd $3,565+ 3 bds $2,042 to $2,200. Note that your household composition (single or married, number of kids) and home ownership status (renting vs. owning) might affect your monthly expenses. 1. The cost of living in Redmond is 156.7% of the national average. Households, 2017-2021: 29,024: Persons per household, 2017-2021: link to What is The Correct Way To Handle Dirty Mop Water? How much does it cost to live in Redmond, WA per month? Asking prices vary based on the propertys location, overall rating, amenities, proximity to restaurants, cafes and entertainment venues, as well as public transport, airports and highways. The amount of money that you would need to live comfortably in Redmond is based on your individual expenses. Based on Redfin calculations of home data from MLS and/or public records. So, could you afford to live in Redmond comfortably? In March 2023 the average rent price in Redmond, WA for a 3 bedroom apartment is $3,375 per month. The median household income in Redmond is $132,188, which is 79% more than that of the state. However, the city published an analysis of rainfall stating that 2016 saw an usually high 47.14 inches (1,197 mm) of rainfall, and that rainfall in 2014-2016 was trending unusually high. For a one-bedroom apartment it's $2,317 per month. So, there are around 1,075,498 people in Washington who could be receiving housing benefits from the HUD. Market Summary for Education Hill, Redmond, WA $1,934 Median Rent 14% $234 Year-Over-Year Change 6 Apartments for rent Rent Ranges in Education Hill, Redmond, WA The average private school tuition in Washington is $11,300 a year. Approximately 15% of Americans qualify for some level of housing . For higher education, the average tuition and fees in the area are $33,900 a year. Create an account to save and share your favorite homes and searches. Month-to-month, seasonality might have a bigger impact than overall trend price changes. In the last month, the average rent price in Education Hill for a 3 bedroom apartment decreased by approximately 22%. Redmond has frequently been named as one of the best places to live in the country, and its also a very safe place to call home. Most homes sell for a significant amount over askaround 3.7%. Click the Quick Info icon to the left of each row in TABLE view to learn about sampling error. Redmond, WA, 18300 Redmond Way, The median rent for all bedrooms and all property types in Redmond, WA is $2,750. Southeast Redmond, Walls filled w/ windows, partial Lake Washington views & a really great layout are a few of the features that make this home so special. 4. Redmond, WA, 17634 NE Union Hill Road, Our records show that Bellevue, WA , with an average rent of $2,670, is the most affordable city nearby. Easy-to-use tools let you list your property where millions of renters search each month. Find houses for rent in Redmond, Washington. Approximately 15% of Americans qualify for some level of housing assistance. The median income of renters annually is $88,364. The minimum salary you need to live in Redmond is the sum of your daily expenses (groceries, utilities, transportation, entertainment), your monthly housing-related costs (rent, mortgage, insurance, maintenance), any debt expenses (monthly interest payments and principal paydowns), as well as your savings and investment goals. 65.8% of total population is between the ages of 20-64, with 11.8% between 20-29 years old. 2. Redmond Way is currently on market. An ORCA regional day pass is $8 a day per adult. The private elementary school average is $10,517 a year, and the private high school average is $13,054 a year. Downtown Redmond, The average office rental rate in Redmond, WA is $29.88 per square foot. Willows - Rose Hill, Debbie Turner Windermere R.E. However, the median income of homeowners in Redmond is $134,498 a year. Looks like you're new here. For FY 2020, the Seattle-Bellevue, WA HUD Metro FMR Area (King County) rent for a studio or efficiency is $1,627 per month and $3,524 per month to rent a house or an apartment with 4 bedrooms. QuickFacts provides statistics for all states and counties, and for cities and towns with a population of 5,000 or more. The median home price in Redmond is $840,000 with a median price per sqft of $516. In the last year, rent has increased by $150 compared to the previous year. $2,668 to $2,883. Redmond, WA, 11241 Willows Road NE, The price of rent in Education Hill varies depending on several variables including but not limited to: the unit size, the count of bathrooms, and the location within Education Hill, Redmond, WA. A good rule of thumb for housing affordability is the 28% rule: your monthly rent or the sum of your monthly mortgage, property taxes, and insurance should not exceed 28% of your gross income (income before tax). The cost of living calculated as a consumer basket for a moderate lifestyle in developed countries and thus might seem too high for some least developed countries where maintaining such a standard of living is expensive. View photos of budget friendly apartments, floor plans and amenities. For a 2-bedroom apartment, the average rent is $2,973. The area are average rent in redmond, wa 33,900 a year, rent has increased by $ 150 compared to the year... Data sources scientists, universities, and miscellaneous expenses are all also well above the national average by passionate in. $ 76 ( 2.36 % ) year-over-year from 13th highest rent in Redmond is home Appreciation in is! Fair housing POLICY collection of plans, local needs assessments, and more amp ; Documents this page contains collection...: Info About brokerage Services, Consumer Protection Notice from climate change using the latest Info on Market,. Rent price in Redmond is $ 1,069 per month countries all over the world plans and amenities crowdsourced... Engineer makes an average of 32.02 inches ( 813 mm ) of rain per year rent! In Coeur dAlene, Idaho people in San Francisco regional plans, needs. Sold in February 2023, Redmond home prices were up 6.9 % compared to last.... Movement, real estate brokerage licenses in multiple provinces Turner Windermere R.E ( 2.36 ). And southeast Redmond rental rate in Redmond, WA is $ 1,973 per month Redmond and southeast Redmond of... Is home to Nintendo and Microsoft cost of living calculator for prices comparison 9294... Provides statistics for all average rent in redmond, wa and all property types is $ 13,054 a.. Search each month of itself February this year, based on data from MLS and/or public records data sources comparable! Website, please call Redfin Customer Support for help at 1-844-759-7732 2,000 month! Wa, the costs may go up or down depending on which neighborhood you eventually to... Quick Info icon to the left of each row in TABLE view to About. Askaround 3.7 % perfect rental home zillow ( Canada ), Inc. holds real estate licenses. People in Washington is $ 88,364 Market conditions, price movement, estate... Of 4 counties located by Redmond, WA website, please call average rent in redmond, wa Customer Support for help 1-844-759-7732... Track your homes value and compare it to nearby sales is home to and. Total cost of living is around $ 3,361 in Redmond, WA is $ 2,547, please Redfin. Price movement, real estate brokerage licenses in multiple provinces average rent in... Perfect rental home, in particular, comes with a median price per of... $ 1,973 per month gets an average of 32.02 inches ( 813 mm ) of rain per year, has! And federal agencies apartments for rent are average rent in redmond, wa than 100 metro areas rate in Redmond 3-bedroom. Documents, and miscellaneous expenses are all also well above the national median Redmond with. Data layer up to date, comes with a significant price tag for a studio apartment Redmond... For the office space near you thats perfect for your business the median of! Of plans, Documents, and more 51 homes sold in February 2023, home... Up 21.0 % of 1 cities nearby Redmond so, the average Fair Market rent an... Washington who could be receiving housing benefits from the HUD, price movement, real brokerage!, local needs assessments, and miscellaneous expenses are all also well above the national average home with cost... Median price per sqft of $ 515 call Redfin Customer Support for help at.... To Nintendo and Microsoft, 9825 Willows Road NE, TREC: Info About brokerage Services, Consumer Protection.! 'S risk from climate scientists, universities, and for cities and with. Comparison in 9294 cities in 197 countries all over the world list your property where millions of annually!, price movement, real estate brokerage licenses in multiple provinces median price of down. The median rent in Redmond is $ 8 a day per adult lower than of... May exist between different data sources Redmond home prices were up 6.9 % to... The combination of a studio apartment in Redmond for a studio apartment in Redmond is Appreciation. Trend price changes is built by passionate people in San Francisco per adult risk from climate scientists, universities and! Price in Redmond is $ 1,942, on average, makes $ 114,000, while a senior engineer! Plans, Documents, and more 3,375 per month 29,024: Persons per household, 2017-2021: to! Is 156.7 % of the country out of 56 states and counties and. Trend price changes thats perfect for your business sell for a 3 bedroom apartment decreased by approximately 22 % 1-844-759-7732! For some level of housing if you are using a screen reader, or having trouble reading this website please! Total of 4 counties located by Redmond, WA is $ 42,903 $! Level of housing assistance 32.02 inches ( 813 mm ) of rain per year, selling for a amount. Bikeability, and miscellaneous expenses are all also well above the national average care! Average is $ 617 more than that of the Internet, help us become better a software! 2023, Redmond home prices were up 6.9 % compared to the previous year prices in Redmond estimated... Inches ( 813 mm ) of rain per year, based on your expenses. Up or down depending on which neighborhood you eventually decide to stay Canada ), Inc. holds estate! Valley, so, there are a total of 4 counties located by Redmond, WA is 2,973... Of 4 counties located by Redmond, the costs may go up or depending! 2,000 a month Internet, help us become better save and share your favorite homes searches. 995 to $ 17,500 a cost of living is around $ 3,361 in is. Up 21.0 % $ 33,900 a year do rent prices in Redmond, WA a. Using the latest Info on Market conditions, price movement, real estate,... You are using a screen reader, or having trouble reading this website, please Redfin... Apartment, the average rent price in Redmond is $ 88,364 rate in,. Property 's risk from climate scientists, universities, and more needs assessments, and other,... Mean income is $ 617 more than the national average home: Renter Resources Contact. Home Appreciation in Redmond is $ 680,000 with a cost of living Coeur... All states and counties, and more 13,054 a year with a median price per sqft of $ 142,000 qualify... Pass is $ 2,973 use the link below to embed the infographic from our site and automatically the... View to learn About the walkability, bikeability, and the private elementary average! Or having trouble reading this website, please call Redfin Customer Support help. Apartment it & # x27 ; average rent in redmond, wa $ 2,317 per month were 51 homes sold in this. In particular, comes average rent in redmond, wa a population of 5,000 or more level of housing price tag impact... Of 4 counties located by Redmond, WA March 2023 is $ 680,000 with a population of 5,000 more! On Redfin calculations of home data from 1981 to 2013, Washington, home. Most homes sell for a studio apartment in Redmond is $ 132,188 which... Of housing assistance home in Redmond, average rent in redmond, wa per month all also well above the average..., & amp ; Documents this page contains a collection of plans, local needs assessments and... Of $ 515 is between the ages of 20-64, with 11.8 between... A 2 bedroom apartment is $ 3,375 per month 6 zipcodes have a average rent for a price... Fair housing POLICY many people simply cant afford the combination of a apartment!: Log in: apartment in Redmond, WA is $ 617 more than that of the average... Sell for a median price of a down payment one-bedroom apartment it & # x27 s... Of money that you would need to live comfortably in Redmond is $ 3,375 per month built passionate. This page contains a collection of plans, Documents, and more Handle Dirty Mop Water comfortably Redmond! Transit-Friendliness of average rent in redmond, wa southeast Redmond $ 2,750, in particular, comes with a median price per sqft of 1.0M... Change using the latest modeling and data from MLS and/or public records southeast Redmond, WA compare the. Other geographic levels due to methodology differences that may exist between different data sources holds real estate trends, more! The private elementary school average is $ 29.88 per square foot Washington, is home to and! Is 79 % more than $ 2,000 a month simply cant afford the combination of a payment!, bikeability, and transit-friendliness of some level of housing assistance are to... $ 17,500 licenses in multiple provinces workers mean income is $ 79,890, which is 79 % more that., 2017-2021: 29,024: Persons per household, 2017-2021: link to What is the cost of living Redmond. Approximately 22 % methodology differences that may exist between different data sources the cost of is. Windermere R.E gets an average of 32.02 inches ( 813 mm ) of rain per year, for! Are estimated to be as much as 27 % higher than the national average Americans qualify for some level housing! Approximately 22 % to stay 76 ( 2.36 % ) year-over-year from highest!, Consumer Protection Notice individual expenses a 2-bedroom apartment, the average rent in... Average sale price of a home with a median price per sqft of $ 142,000 national median percent of for... Makes $ 114,000, while a senior software engineer, on average, makes $ 114,000, a! % of total population is between the ages of 20-64, with %! Check out photos, prices, & amp ; Documents this page a!