Redmond, WA

Population: 57,530
Average annual home appreciation rate: 22.79%
Total of homes for sale in this market: 101
Median home price: $564,594
Median Rent: $1,786 per room
Home price range: 31.76% of homes are between $622,001 – $933,000
Median sales price: $621,250
Number of homes: 144
Median foreclosure sales price: $658,000
Foreclosure discount: N/A
Most common home type: 41.14% of homes are SINGLE FAMILY DETACHED
Number of vacant homes: 5.07%
Number of renters: 48.88%
Number of owner occupied: 51.12%
Number people living below poverty level: 6.72%
Unemployment rate: 3.00%
Is this area perfect for real estate deals going on right now? With the history of positive appreciation in the Redmond area, a rental property (based on the much higher than average rental rates) could be a profitable investment for the savvy buy and hold investor.

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