Redmond, Oregon.
Typical home $509,986 (-0.4% in a year), asking rent $1,984 (+2.5%). Bend, OR metro.
to buy the typical home at today's mortgage rate — +$1,415 (+112%) since Jan 2020.
- 1 year
- Down $2,051 -0%
- $512,037$509,986 since Sep 2025
- 5 years
- Up $26,760 +6%
- $483,225$509,986 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Redmond$2,677
- Oregon$2,586
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 64 years.
Typical home values in Redmond, OR fell 0.4% over the past year — slower than the nation's +1.2%.
Asking rents in Redmond, OR rose 2.5% over the past year — in step with the nation.
Owning the typical home in Redmond runs $1,488/mo more than renting one. The gap peaked at $1,826 in Oct 2023.
That is $3,471 a month against $1,984 rent: a $2,677 mortgage payment, plus $249 property tax and $546 insurance & upkeep.
Owning vs renting — Redmond
The owning line is the typical home's monthly payment at that month's rate, plus property tax and insurance & upkeep; the renting line is the typical asking rent; the grey line is the mortgage payment on its own. Same homes, same months, both ways of paying for a roof.
- Owning all in$3,471
- Renting$1,984
- Mortgage only$2,677
Property tax · $249/mo 0.58% of value a year — the ACS 2020-2024 median bill over the median home value for Deschutes County, OR
Insurance & upkeep · $546/mo insurance, maintenance and repairs together, from the BLS Consumer Expenditure Survey — the national figure for mortgaged homeowners, scaled to this market's home value. BLS publishes the three bundled and they cannot be split.
Both are priced off the same month's home value, so they rise with the market. Neither is a quote — a specific home's bill depends on its assessment, its age and its insurer.
Living in Redmond, Deschutes County, Oregon
Redmond is a city of 33,274 people in Deschutes County. Half its households earn more than $84,164 a year and half less, against $92,758 across Deschutes County; 10% of its people live below the poverty line. 64% of its homes are lived in by their owners and 36% are rented. Unemployment in Redmond was 4.9% in August 2026, and Deschutes County had 0.1% more jobs in 2025 than the year before. The most residents work in schools and health care, then shops.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Redmond is a city in Deschutes County, Oregon, and a fairly young one by the standards of many towns, with a median age on the younger side. Incomes run below the county's, and typical homes cost a good deal, with rents that are high for many households. Most homes are lived in by their owners, and winters are cold while summers are warm and dry, with very little rain or snow through the year.
Work. Many residents work in schools, hospitals and social care, in shops, in the building trades, and in professional and business services. The largest workplaces in Redmond include the Redmond school district, the furnace maker Basx, and St. Charles Redmond hospital. Most people get to work in a fairly short commute, and a share of residents work from home.
Things to do. Smith Rock State Park, a protected area, is a short drive away, as are Peter Skene Ogden State Scenic Viewpoint and Cline Falls State Scenic Viewpoint. Petersen Rock Garden, listed as a museum, is also a short drive from town. The Deschutes River Trail is a longer drive away for those who want a riverside walk.
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- 13,907households
- 30%of adults have a degree
- 10%below the poverty line
- 21 mintypical commute
- 14%work from home
What residents work in
Employed residents by industry, from the Census survey. Deschutes County had 93,998 jobs in 2025, 0.1% more than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in December, with highs near 42° and lows near 23°; warmest in July, with highs near 88° and lows near 48°. About 8 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Redmond Roberts Field weather station, 2 miles away (NOAA).
Largest workplaces in Redmond
- Redmond SD 2JSchool district874FTE
- BasxFurnaces, warm air, manufacturing813
- High Desert Education ServicesEducation program administration794
- WalmartWarehouse clubs and supercenters392
- Precision Cast PartsFoundries, die-casting, nonferrous metals361
- St. Charles RedmondHospitals, general medical and surgical359
- Medline IndustriesSurgical and medical instruments290
- NeighborImpactIndividual and family social services, multi-purpose285
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 40 workplaces with 20 or more staff, 5,347 people in all. School districts come from the Common Core of Data (NCES, 2023–24); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- WildfireRelatively high
- LightningRelatively high
- Winter weatherrelatively high in parts of RedmondRelatively moderate
- HailRelatively moderate
- Cold wavesRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Redmond’s census tracts, against the rest of the country; all of them together, relatively low. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Deschutes County and the Bend, OR metro.
Redmond home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Redmond$509,986
- Oregon$492,753
- United States$366,157
Levy by levy, and a check of one home’s own bill, the site covers Ohio’s property tax.
Sellers are cutting prices on about 1 in 3 Redmond listings, and the typical home goes pending in 36 days — the market is roughly in balance.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Redmond33.00%
- United States26.90%
Days to pending
How long the typical listing takes to go under contract.
- Redmond36
- United States27
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Redmond368
New listings per month
Sellers arriving at the market.
- Redmond80
Median sale price
What buyers actually paid — closed sales, not asking prices.
- Redmond$527,616
- United States$371,407
Sale-to-list ratio
Above 100%, homes sell over asking; below, buyers negotiate wins.
- Redmond98.24%
Zip codes with a Redmond address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Redmond — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.