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Redmond city, OR

ZIP 97756 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 97756

Median Home Value
$469,000
Median Rent
$1,351
Affordability Snapshot
$129,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$3,013/mo PITI).

19%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

5.6x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

28.9 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 97756 in Redmond city, OR, a household would need roughly $129,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $3,013. That is about 53% above the local median household income ($84,067), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
70.6%+8% vs US avg
x
Vacancy Rate
7.0%-32% vs US avg
x
Broadband Access
92.0%+6% vs US avg
x
4+ Bedrooms
1.6%-89% vs US avg
x
Built Pre-1939
2.7%-79% vs US avg
x
Built Post-2014
2.9%-59% vs US avg
x
Rent Burden >30%
23.0%-54% vs US avg
x
Mortgage-Free
27.4%-28% vs US avg
x
$469,000
Home Value
$1,351
Rent
2000
Year Built
2016
Moved In

Residents have lived here since ~2016 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached74.6%
  • 1-unit attached4.3%
  • 2-9 units10.4%
  • 10+ units5.8%
  • Mobile home & other4.9%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$469,000
Median rent$1,351
Owner-occupied70.6%
Vacant7.0%
Price-to-income5.6x
Est. income to buy$129,000