What to know before you move: cost, market timing, who it fits.
If you're considering a move to Redmond, WA, the most important variables are the local housing market, the cost structure (taxes, insurance, utilities), and how well the city fits your day-to-day life. This page summarizes the housing market read; pair it with the cost of living page for the full picture.
Redmond is a city in King County, Washington, with an estimated population of 82,195. It anchors the Seattle-Tacoma-Bellevue metro area. The population has grown 2.9% per year on average between 2020 and 2024 — among the faster-growing communities in the state. The median home value in Redmond is $1,408,840 as of 2026-04, down 3.0% over the last 12 months. Over the last five years, home values have averaged +6.2% annual growth (-6.2% from the 5-year peak). Rents in Redmond average $2,458 per month, roughly flat year-over-year (+0.9%). The composite momentum score is 62 of 100 (Rising). The market is healthy with prices supported by underlying demand.
Quiet strength: prices near or at all-time highs (-6.2% from 5-year peak). Solid market for owner-occupiers; investors should underwrite conservatively given the elevated entry point.
Reasons people move here
- People are voting with their feet: population growing 2.9% per year since 2020 — that's faster than ~80% of US cities.
- Healthy 5-year run: +6.2% annualized over 5 years, outpacing US inflation.
Things to know first
- Expensive AND not growing: median home $1,408,840 with only -3.0% YoY. You're paying premium pricing for a flat trend.
- Cooling: -3.0% over the trailing year — momentum has stalled.
More about Redmond
Sources: Zillow ZHVI (home values), Zillow ZORI (rents), US Census ACS + place population. Updated when source agencies publish revisions.