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Redmond, Washington

Realtor Sep 2026 · ACS 2024

Market Read

A market with no active rental pool to price against. The sale-side figures below are the whole picture.

Tenant economics are strong. Median household income $169K, +0.7% YoY (ZIP); renters hold 47.4% of ZIP households. See the people evidence ↓

What would change this read: the median listing price is −15.3% YoY. inventory, +20.3% YoY, is the number to watch.

Gross Rental Yield

–

1% rule implies 12%/yr

Rent-to-Price

–

1% rule benchmark: 1.00%/mo

Gross Rent Multiplier

–

Price ÷ annual gross rent

Asking vs Voucher

–

No bedroom size has both a rent sample and a published FMR

Computed from this page's data: median listing $1,178,680 (Realtor). The listing and rental pools are separate samples, not the same homes priced two ways, so the ratios describe the market rather than any one property. Ratios with reasons, not a recommendation to buy.

3 ZIPs in this city:98052 98053 98073

Median Listing Price

$1.18M

Population

103,482

42,504

Median Days on Market

Active Listings

292

New Listings

Housing Market

The median listing price is down 15.3% YoY while the median home got down 4.3% bigger, so value per square foot is down 8.1%.

Pricing

Median Listing Price

$1.18M-15.3% YoY

Average Listing Price

$1.46M-4.1% YoY

Price per Sq Ft

$572.438-8.1% YoY

Median Sq Ft

1,987-4.3% YoY

Inventory

Active Listings

292+40.4% YoY

New Listings

92-4.2% YoY

Total Listings

374+20.3% YoY

Buyer Competition

Pending Listings

89-12.7% YoY

Pending Ratio

0.30-38.0% YoY

Median Days on Market

45+5.2% YoY

Price Reduced

17.3%-6.2% YoY

Units & Occupancy

2024 Occupancy ⓘ

U.S. Census ACS · n = 1,003,284

1.0Munits

Occupied941,05493.8%

Vacant62,2306.2%

2024 Tenure ⓘ

U.S. Census ACS · n = 941,054

941Koccupied

Owner521,80555.4%

Renter419,24944.6%

Renter Share

44.6%+1.5% YoY

Total Housing Units

1,003,284+1.5% YoY

FY2026 Fair Market Rent

CountyKing County · HUD 40th-percentile estimate, not actual market asking rent

Studio

$2,074

/month

1 BR

$2,146

/month

2 BR

$2,501

/month

3 BR

$3,272

/month

4 BR

$3,847

/month

FMR trends · King County

HUD Fair Market Rents · FY1983–FY2026

ZIP Profile

U.S. Census ACS characteristics rolled up across the ZIP Code Tabulation Areas in this area, not the parent county.

Renters hold 47.4% of this ZIP's 42,504 occupied households, on a median household income of $169K.

Population & Age

Total Population

103,482+1.5% YoY

2024 Age Mix ⓘ

U.S. Census ACS · n = 103,482

103Kresidents

Under 1822,93322.2%

Adults 18–6467,21465.0%

65 & Over13,33512.9%

Age Composition Over Time

U.S. Census ACS · 2019–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Median Age

37.11-0.3% YoY

Population Under 18

22,933-0.4% YoY

Population 65 & Over

13,335+0.2% YoY

Households & Mobility

Total Households

42,504+2.5% YoY

Household Types ⓘ

U.S. Census ACS

--Not reported for this area (ACS).

Avg Household Size

2.42-0.9% YoY

2024 Residential Mobility ⓘ

U.S. Census ACS

of residents

Same house82.0%

Moved (within US)14.8%

Other3.2%

Veterans

3.6%+5.6% YoY

Income & Poverty

Median Household Income

$169K+0.7% YoY

Per-Capita Income

$95K+3.5% YoY

Mean Household Income

$227K+2.4% YoY

Below Poverty Level

5.5%+1.0% YoY

Commuting

2024 Commute Mode ⓘ

U.S. Census ACS

of workers

Drove alone46.5%

Public transit4.6%

Worked from home39.7%

Other9.2%

Worked From Home

39.7%+9.8% YoY

Mean Commute

23.69-4.6% YoY

Units & Tenure

Total Housing Units

44,789+2.6% YoY

2024 Occupancy ⓘ

U.S. Census ACS · n = 44,789

45Kunits

Occupied42,50494.9%

Vacant2,2855.1%

2024 Tenure ⓘ

U.S. Census ACS · n = 42,504

43Khouseholds

Owner22,37752.6%

Renter20,12747.4%

Avg Household Size — Owner

2.75+0.2% YoY

Avg Household Size — Renter

2.06-1.2% YoY

County Demographics

County population is up 1.1% to 2,287,171: residents under 18 are down 0.3% and those 65 and over are up 3.1%.

Median Age

37.42024

Population

King County Population

2,340,211+1.9% YoY

Households

Total Households

941,054+1.4% YoY

Household Types ⓘ

U.S. Census ACS

--Not reported for this area (ACS).

Avg Household Size

2.390.0% YoY

Age

2024 Age Mix ⓘ

U.S. Census ACS · n = 2,287,171

2.3Mresidents

Under 18445,59419.5%

Adults 18–641,520,67866.5%

65 & Over320,89914.0%

Age Composition Over Time

U.S. Census ACS · 2017–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Population Under 18

445,594-0.3% YoY

Population 65 & Over

320,899+3.1% YoY

Median Age

37.40+0.3% YoY

Mobility & Veterans

2024 Residential Mobility ⓘ

U.S. Census ACS

of residents

Same house83.3%

Moved (within US)15.3%

Other1.4%

Veterans

4.5%-4.3% YoY

County Economy

County median household income is $125K, 8.6% of residents are below the poverty level, 29.2% work from home.

Income

Median Household Income

$125K+2.1% YoY

Per-Capita Income

$74K+4.3% YoY

Mean Household Income

$177K+3.8% YoY

Poverty

Below Poverty Level

8.6%+2.4% YoY

Transportation to Work

2024 Commute Mode ⓘ

U.S. Census ACS

of workers

Drove alone50.4%

Public transit6.8%

Worked from home29.2%

Other13.6%

Worked From Home

29.2%+11.5% YoY

Mean Commute

27.60-1.8% YoY

Done with Redmond? Put it next to another market.

State

City

Compare with

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Redmond, Washington

Realtor Sep 2026 · ACS 2024

Market Read

A market with no active rental pool to price against. The sale-side figures below are the whole picture.

Tenant economics are strong. Median household income $169K, +0.7% YoY (ZIP); renters hold 47.4% of ZIP households. See the people evidence ↓

What would change this read: the median listing price is −15.3% YoY. inventory, +20.3% YoY, is the number to watch.

Gross Rental Yield

–

1% rule implies 12%/yr

Rent-to-Price

–

1% rule benchmark: 1.00%/mo

Gross Rent Multiplier

–

Price ÷ annual gross rent

Asking vs Voucher

–

No bedroom size has both a rent sample and a published FMR

3 ZIPs in this city:98052 98053 98073

Median Listing Price

$1.18M

Population

103,482

42,504

Median Days on Market

Active Listings

292

New Listings

Housing Market

The median listing price is down 15.3% YoY while the median home got down 4.3% bigger, so value per square foot is down 8.1%.

Pricing

Median Listing Price

$1.18M-15.3% YoY

Average Listing Price

$1.46M-4.1% YoY

Price per Sq Ft

$572.438-8.1% YoY

Median Sq Ft

1,987-4.3% YoY

Inventory

Active Listings

292+40.4% YoY

New Listings

92-4.2% YoY

Total Listings

374+20.3% YoY

Buyer Competition

Pending Listings

89-12.7% YoY

Pending Ratio

0.30-38.0% YoY

Median Days on Market

45+5.2% YoY

Price Reduced

17.3%-6.2% YoY

Units & Occupancy

2024 Occupancy ⓘ

U.S. Census ACS · n = 1,003,284

1.0Munits

Occupied941,05493.8%

Vacant62,2306.2%

2024 Tenure ⓘ

U.S. Census ACS · n = 941,054

941Koccupied

Owner521,80555.4%

Renter419,24944.6%

Renter Share

44.6%+1.5% YoY

Total Housing Units

1,003,284+1.5% YoY

FY2026 Fair Market Rent

CountyKing County · HUD 40th-percentile estimate, not actual market asking rent

Studio

$2,074

/month

1 BR

$2,146

/month

2 BR

$2,501

/month

3 BR

$3,272

/month

4 BR

$3,847

/month

FMR trends · King County

HUD Fair Market Rents · FY1983–FY2026

ZIP Profile

U.S. Census ACS characteristics rolled up across the ZIP Code Tabulation Areas in this area, not the parent county.

Renters hold 47.4% of this ZIP's 42,504 occupied households, on a median household income of $169K.

Population & Age

Total Population

103,482+1.5% YoY

2024 Age Mix ⓘ

U.S. Census ACS · n = 103,482

103Kresidents

Under 1822,93322.2%

Adults 18–6467,21465.0%

65 & Over13,33512.9%

Age Composition Over Time

U.S. Census ACS · 2019–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Median Age

37.11-0.3% YoY

Population Under 18

22,933-0.4% YoY

Population 65 & Over

13,335+0.2% YoY

Households & Mobility

Total Households

42,504+2.5% YoY

Household Types ⓘ

U.S. Census ACS

--Not reported for this area (ACS).

Avg Household Size

2.42-0.9% YoY

2024 Residential Mobility ⓘ

U.S. Census ACS

of residents

Same house82.0%

Moved (within US)14.8%

Other3.2%

Veterans

3.6%+5.6% YoY

Income & Poverty

Median Household Income

$169K+0.7% YoY

Per-Capita Income

$95K+3.5% YoY

Mean Household Income

$227K+2.4% YoY

Below Poverty Level

5.5%+1.0% YoY

Commuting

2024 Commute Mode ⓘ

U.S. Census ACS

of workers

Drove alone46.5%

Public transit4.6%

Worked from home39.7%

Other9.2%

Worked From Home

39.7%+9.8% YoY

Mean Commute

23.69-4.6% YoY

Units & Tenure

Total Housing Units

44,789+2.6% YoY

2024 Occupancy ⓘ

U.S. Census ACS · n = 44,789

45Kunits

Occupied42,50494.9%

Vacant2,2855.1%

2024 Tenure ⓘ

U.S. Census ACS · n = 42,504

43Khouseholds

Owner22,37752.6%

Renter20,12747.4%

Avg Household Size — Owner

2.75+0.2% YoY

Avg Household Size — Renter

2.06-1.2% YoY

County Demographics

County population is up 1.1% to 2,287,171: residents under 18 are down 0.3% and those 65 and over are up 3.1%.

Median Age

37.42024

Population

King County Population

2,340,211+1.9% YoY

Households

Total Households

941,054+1.4% YoY

Household Types ⓘ

U.S. Census ACS

--Not reported for this area (ACS).

Avg Household Size

2.390.0% YoY

Age

2024 Age Mix ⓘ

U.S. Census ACS · n = 2,287,171

2.3Mresidents

Under 18445,59419.5%

Adults 18–641,520,67866.5%

65 & Over320,89914.0%

Age Composition Over Time

U.S. Census ACS · 2017–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Population Under 18

445,594-0.3% YoY

Population 65 & Over

320,899+3.1% YoY

Median Age

37.40+0.3% YoY

Mobility & Veterans

2024 Residential Mobility ⓘ

U.S. Census ACS

of residents

Same house83.3%

Moved (within US)15.3%

Other1.4%

Veterans

4.5%-4.3% YoY

County Economy

County median household income is $125K, 8.6% of residents are below the poverty level, 29.2% work from home.

Income

Median Household Income

$125K+2.1% YoY

Per-Capita Income

$74K+4.3% YoY

Mean Household Income

$177K+3.8% YoY

Poverty

Below Poverty Level

8.6%+2.4% YoY

Transportation to Work

2024 Commute Mode ⓘ

U.S. Census ACS

of workers

Drove alone50.4%

Public transit6.8%

Worked from home29.2%

Other13.6%

Worked From Home

29.2%+11.5% YoY

Mean Commute

27.60-1.8% YoY

Done with Redmond? Put it next to another market.