Area Insights of Redmond, WA

Stay ahead with market trends and local insights that matter.

Demand Insights

The market remains active with a price ratio of 1%, indicating a strong buyer interest. A total of 1100 homes were sold with 114 properties undergoing price cuts. Leverage these insights to assess market conditions and plan your next move.

Location

Redmond, WA

Date

04-09-2023

Price Ratio

99%

Schools

Choosing the right school is crucial for your child's education. Compare ratings, distance, and academic offerings across elementary, middle and high schools to make a well-informed decision.

Elementary School

Northern Lights Montessori - Willows Campus

PK to 1

Northern Lights Montessori

PK to 1

Cedar Crest Academy

PK to KG

Spectrum Academy

KG to 5

Cascadia School

KG to 5

Middle School

Timberline Middle School

6 to 8

Ratings

A+

Stella Schola

6 to 8

Ratings

A

Redmond Middle School

6 to 8

Ratings

B+

High School

Washington Network for Innovative Careers Skill Center

9 to 12

Nikola Tesla STEM High School

9 to 12

Ratings

A+

Climate

Weather plays a crucial role in real estate decisions. Consider environmental factors like flood risks, wildfire hazards, extreme heat, and other climate conditions for a well-informed choice.

Weather Indices
Scaled to National average of 100 for each category.
Temperature

Demographics

Population dynamics, income levels, and employment patterns are key indicators of real estate demand and future growth. Use these insights to make well-informed decisions.

Population

With a steadily growing population, the area offers a vibrant community atmosphere. Current data indicates a population increase of 22% since 2010, reflecting rising demand for housing and local amenities. This trend highlights the area's potential for continued development and long-term residential appeal.

Population (100,522)
51,186 Male
49,336 Female
Education
7% High School
6% Associate
38% Bachelor
36% Graduate
Age

Average Age is 37 Years

Household Details

The area's household landscape is diverse, with 55% owner-occupied homes and 45% renter-occupied properties. Family households represent 68% of the population, indicating a strong community focus on family living. The average home value stands at $1,541,262, which suggests ample demand for multi-bedroom properties.

Total Households
40,895
Average home value
$1,541,262
Owned
55%
Rented
45%
Vacant
5%
Families
68%
Married
60%
With children
36%

Racial Diversity

The area's community showcases a dynamic blend of cultures, contributing to a rich and inclusive environment. Demographic data highlights a diverse composition, with 39% Asian, 2% Black, and 0% Native residents, alongside 47% White and 7% Hispanic/Other populations. This multicultural landscape offers residents a vibrant and culturally enriched living experience.

Income

The area reflects a well-distributed income pattern with approximately 69% of households earning over $100,000 annually, while 16% fall within the $50,000 to $100,000 range. The median income stands at $75,000, signalling a financially stable community with growth potential.

Employment

The area has a diverse workforce with employment spanning across sectors like technology, healthcare, education, and retail. Below is the percentage of residents employed across various industries, highlighting the region's balanced and dynamic economic landscape.

% of People are working in various industries.

Arts
2%
Healthcare
6%
Professional
39%
Education
6%
Services
13%
Labor
11%
Retail
14%
Other
9%
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