Redmond, OR Real Estate
According to census data in the year 2000 there were 5,688 housing units in Redmond.
This represents a 94% growth from 2,932 in 1990.
Of those housing units, 5,657 were located in either urbanized areas or urban clusters, and 31 were located in what is classified as a rural area.
Homeownership rate in Redmond is about 61.2%.
Redmond's vacancy rate, including seasonal lodging, is about 5.5%.
Average household size is 2.55 people.
The majority of houses, apartments or condos in Redmond were built after 1991.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 3.10% |
| One Bedroom | 10.50% |
| Two Bedrooms | 26.30% |
| Three Bedrooms | 51.80% |
| Four Bedrooms | 6.90% |
| Five Bedrooms or more | 1.40% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.58 |
| Median year structure was built | 1991 |
| Median Value of occupied units | $111,800 |
| Median Price asked for vacant units | $112,300 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.5 |
| Median year structure was built | 1987 |
| Median Monthly Rent asked for vacant units | $547 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.20% |
| Second Mortgage | 10.10% |
| Home Equity Loan | 4% |
| Simple Mortgage | 59.50% |
| Debt Free | 26.20% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 22.1% |
