Redmond, WA Real Estate
According to census data in the year 2000 there were 20,296 housing units in Redmond.
This represents a 35.6% growth from 14,972 in 1990.
Of those housing units, 20,288 were located in either urbanized areas or urban clusters, and 8 were located in what is classified as a rural area.
Homeownership rate in Redmond is about 55.3%.
Redmond's vacancy rate, including seasonal lodging, is about 5.7%.
Average household size is 2.33 people.
The majority of houses, apartments or condos in Redmond were built after 1982.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 2.70% |
| One Bedroom | 17.40% |
| Two Bedrooms | 32.60% |
| Three Bedrooms | 25.50% |
| Four Bedrooms | 17.50% |
| Five Bedrooms or more | 4.40% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.53 |
| Median year structure was built | 1978 |
| Median Value of occupied units | $269,400 |
| Median Price asked for vacant units | $284,200 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.08 |
| Median year structure was built | 1986 |
| Median Monthly Rent asked for vacant units | $996 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.30% |
| Second Mortgage | 8.30% |
| Home Equity Loan | 12.10% |
| Simple Mortgage | 63% |
| Debt Free | 16.30% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 20.5% |
