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Redmond city, WA

ZIP 98052 — Housing & Real Estate

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

Wealthy AreaLarge CommunityLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 98052

Median Home Value
$1,107,900
Median Rent
$2,251
Affordability Snapshot
$305,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$7,117/mo PITI).

16%
Rent-to-Income Ratio

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

6.7x
Home Price-to-Income Ratio

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

41.0 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 98052 in Redmond city, WA, a household would need roughly $305,000 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 $7,117. That is about 85% above the local median household income ($164,848), 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

Diverse housing tenure.

Heating Fuel
Housing Metrics
Owner Occupied
46.8%-29% vs US avg
x
Vacancy Rate
5.4%-47% vs US avg
x
Broadband Access
95.7%+10% vs US avg
x
4+ Bedrooms
4.8%-68% vs US avg
x
Built Pre-1939
0.4%-97% vs US avg
x
Built Post-2014
2.3%-66% vs US avg
x
Rent Burden >30%
16.2%-67% vs US avg
x
Mortgage-Free
30.5%-20% vs US avg
x
$1,107,900
Home Value
$2,251
Rent
1990
Year Built
2017
Moved In

Residents have lived here since ~2017 on average

Housing Structure

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

  • 1-unit detached40.0%
  • 1-unit attached7.9%
  • 2-9 units16.3%
  • 10+ units34.8%
  • Mobile home & other1.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$1,107,900
Median rent$2,251
Owner-occupied46.8%
Vacant5.4%
Price-to-income6.7x
Est. income to buy$305,000