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City · 36,092 residents · Deschutes County, Oregon

Redmond , Oregon

In Redmond, a typical home is worth $462,500 and typical rent is $1,628 a month. Compared with all of Deschutes County, the typical home value is 29% lower, typical household income is 9% lower, and the share of households that own their home is 6 points lower.

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  • Typical home value

    $462,500

    29% below the county

    3% below Oregon

    • Redmond
    • Deschutes
    • Oregon

  • Typical rent

    $1,628a month

    9% below the county

    7% above Oregon

    • Redmond
    • Deschutes
    • Oregon

  • Typical household income

    $84,164a year

    9% below the county

    About the same as Oregon

    • Redmond
    • Deschutes
    • Oregon

  • Households that own their home

    64%

    6 points below the county

    1 points above Oregon

    • Redmond
    • Deschutes
    • Oregon

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$509,986
about the same as 12 months ago
Typical rent
$1,984 a month
2.5% more than 12 months ago

From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).

Redmond is in Deschutes County. The FHA loan limit ($718,750 for a one-unit home), the fair market rents and the help on this page are those of all of Deschutes County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Redmond apart

What this place has that others do not, from public data, most unusual first.

  1. Nearby, in Madras, the typical rent is $979: 40% less than in Redmond ($1,628).

  2. Nearby, in Madras, the typical home value is $330,900: 28% less than in Redmond ($462,500).

  3. The typical home in Redmond is worth $462,500, 29% less than in Deschutes County as a whole ($650,900).

  4. 64% of households in Redmond own their home, against 70% in Deschutes County.

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Redmond

What homes there are in Redmond, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

The detached house is the most common home in Redmond: 73% of homes, near the figure in Deschutes County (76%).

Year built

Here half of the homes date from 2002 or later; in Deschutes County, from 1998 or later.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes
Monthly rent with utilities

With a mortgage

$1,907 a month

Deschutes County: $2,235 a month

Without a mortgage

$581 a month

Deschutes County: $696 a month

Owners with a mortgage

73%

Deschutes County: 67%

The typical cost for an owner with a mortgage in Redmond is $1,907 a month, less than in Deschutes County ($2,235); without one, $581.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

Much as in Deschutes County, the typical home value in Redmond rose 79% since 2015–2019.

The typical rent in Redmond rose 49% since 2015–2019, about the same as in Deschutes County (48%).

Housing prices ran ahead of income in Redmond: typical income rose 29%, against +79% for home values and +49% for rent.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureRedmondDeschutes CountyOregonUnited States
Rental vacancy Unreliable estimate2.8%4.2%5.5%
Homeowner vacancy Unreliable estimate1.2%0.7%0.9%
More than one person per room 6.2%3.2%3.2%3.4%
People per household 2.582.412.422.53
Drive alone 70%65%65%69%
Carpool 11%7%9%9%
Public transit Unreliable estimateUnreliable estimate2%3%
Walk or bike 3%4%5%3%
Work from home 14%23%19%15%
Other means Unreliable estimate1%1%2%
Typical commute Unreliable estimate10 to 19 minutes20 to 29 minutes20 to 29 minutes

More than one person per room: that is how 6.2% of households in Redmond live, more than in Deschutes County (3.2%).

More people live in each home here: 2.58 on average, against 2.41 in Deschutes County.

More people carpool to work in Redmond than in Deschutes County: 11% against 7%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Redmond?

A typical home costs more than the typical income allows

We start with a typical home in Redmond, worth $462,500, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 53% of the typical household income in Redmond, which is $84,164 a year. For that payment to be 28% of income, a household would need to earn about $160,268 a year.

The calculator's FHA and conventional loan limits are those of all of Deschutes County.

Your numbers

Local data
$

Starts at the typical home value in Redmond. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $16,188 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$3,740

at 7.18% · 30 years

Loan amount
$454,122
Total interest
$653,376
Paid off in
November 2056

Includes $7,810 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $1,964 a month

  • Tight

    $1,964 to $2,525 a month

  • Hard

    more than $2,525 a month

    Your payment · 53%

Compared with the typical household income in Redmond ($84,164 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$3,740
Principal & interest$3,076
Property tax$266
Home insurance$193
FHA mortgage insurance (MIP)$205

You need at least $16,188 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Redmond and Deschutes County

Redmond is in Deschutes County, Oregon. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Redmond's own numbers

Typical home value
$462,500
Typical monthly rent
$1,628
Typical yearly household income
$84,164
Households that own their home
64%
Effective property tax rate
0.69%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Deschutes County

FHA limit, one-unit home
$718,750
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,893
Price change over 5 years (FHFA)
+52%
Homes in a high flood-risk zone
0.3%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Deschutes County.

Everything about Deschutes County

Buying

Buying a home in Redmond

A typical home in Redmond is worth $462,500: 29% below the county and 3% below Oregon. With the typical household income in Redmond ($84,164 a year), a typical home costs 5.5 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Redmond 5.5 years
  • Deschutes 7.0 years
  • Oregon 5.8 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Deschutes County

According to FHFA’s house price index, home prices in Deschutes County rose 122% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Deschutes County.

Period County Oregon U.S.
Last year (2025) +0.8% +0.9% +2.9%
5 years (2020–2025) +52% +35% +47%
10 years (2015–2025) +122% +86% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Redmond next to Deschutes County, Oregon and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Redmond $462,500
  • Deschutes $650,900
  • Oregon $477,600
  • United States $332,700
Typical monthly rent
  • Redmond $1,628
  • Deschutes $1,787
  • Oregon $1,525
  • United States $1,413
Typical yearly household income
  • Redmond $84,164
  • Deschutes $92,758
  • Oregon $83,011
  • United States $80,734
See the full table
Redmond next to Deschutes County and Oregon
Measure Redmond Deschutes County Oregon U.S.
Typical home value $462,500 $650,900 $477,600 $332,700
Typical monthly rent $1,628 $1,787 $1,525 $1,413
Typical yearly household income $84,164 $92,758 $83,011 $80,734
Households that own their home 64% 70% 63% 65%
Typical yearly property tax $3,213 $3,807 $3,876 $3,119
Effective property tax rate 0.69% 0.58% 0.81% 0.94%
Renters with high rent for their income 52% 50% 52% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Deschutes County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Redmond

For a typical $462,500 home in Redmond, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Redmond's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $3,740a month

    Least cash to close
    Down payment
    $16,188
    Cash to close
    $30,063
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $205

  • Conventional, 5% down $3,655a month

    Down payment
    $23,125
    Cash to close
    $37,000
    Rate
    7.18%
    Mortgage insurance
    PMI · $220

  • Conventional, 20% down, no PMI $2,965a month

    Down payment
    $92,500
    Cash to close
    $106,375
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $3,393a month

    Down payment
    $69,375
    Cash to close
    $83,250
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Redmond and for Deschutes County.

Property tax

Effective rate in Redmond

0.69%of the home’s value each year

$3,213 a year for the typical owner in Redmond.

  • Redmond 0.69%
  • Deschutes 0.58%
  • Oregon 0.81%

What Oregon publishes 3 percent cap on maximum assessed value (Measure 50) (Oregon Legislature (Oregon Revised Statutes))

Exemptions and deadlines in Oregon

Flood risk in Deschutes County

FEMA does not publish these numbers by city: they are for all of Deschutes County.

Homes in the high-risk zone
0.3%
269
Of those, with NFIP insurance
21%
County Oregon U.S.
Homes in the high-risk zone 0.3% 2.8% 3.5%
Of those, with NFIP insurance 21% 25% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Redmond

Typical rent in Redmond is $1,628 a month: 9% below the county. In Redmond, 52% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Deschutes County, by unit size. To pay the 2-bedroom one ($1,893 a month) without spending more than 30% of your income, you would need to earn $36.40 an hour working full time.

HUD fair market rent for all of Deschutes County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $1,438 $27.65 $57,520
1 bedroom $1,447 $27.83 $57,880
2 bedrooms $1,893 $36.40 $75,720
3 bedrooms $2,621 $50.40 $104,840
4 bedrooms $3,164 $60.85 $126,560

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Redmond

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Redmond is in ZIP code 97756.

For 2 bedrooms it is $1,690: $203 less than the fair market rent for Deschutes County ($1,893).

  • 97756 $1,690$2,340

1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Redmond when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Redmond

HUD lists 10 buildings with rents for lower incomes in Redmond. These are the largest.

  • Bluffs Apts 340 SW Rimrock Way, Redmond 97756 96 low-income homes · Studio: 18 · 1 bd: 43 · 2 bd: 27 · 3 bd: 8 · In service since 2000 · For families
  • Reindeer Meadows 1601 SW Reindeer Ave, Redmond 97756 50 low-income homes · 2 bd: 40 · 3 bd: 10 · In service since 2015 · For older adults
  • Ridgemont Apts 2210 SW 19th St, Redmond 97756 46 low-income homes · 1 bd: 18 · 2 bd: 28 · In service since 2007 · For families
  • Stoneybrook 933 NW Canal Blvd, Redmond 97756 50 homes, 40 low-income · 2 bd: 24 · 3 bd: 16 · In service since 1993 · For older adults, people with disabilities
  • High Desert Commons 2195 SW Canal Blvd, Redmond 97756 28 homes, 27 low-income · 2 bd: 18 · In service since 2012 · For people with disabilities, families

See all 32 buildings in Deschutes County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Redmond

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

There are 2 HUD-approved agencies with an office in Deschutes County; 2 say they serve in Spanish.

A pregnant woman reads paperwork on the sofa while the grandmother plays with the girl on the floor.

HUD counseling is free or low-cost

Assistance programs in Redmond

No down payment, repair or rent-help program on our list is for Redmond or Deschutes County. The ones below are statewide in Oregon: they work in Redmond the same as in the rest of the state.

Which programs do I qualify for? All programs in Oregon

  • OHCS Down Payment Assistance

    Statewide in Oregon

    Oregon state funds for the down payment and closing costs, delivered by local organizations: up to $60,000 or 20% of the price, sometimes as a grant or as a forgivable second mortgage, for first-time or first-generation buyers with income up to 100% of the area median. Offered by Oregon Housing and Community Services (OHCS).

    GrantForgivable

    See the program Official page

  • FirstHome (Flex Lending)

    Statewide in Oregon

    Oregon Housing and Community Services mortgage for low- and moderate-income first-time buyers, with down payment assistance of 4% or 5% of the loan as a second mortgage. Offered by Oregon Housing and Community Services (OHCS).

    Type not stated

    See the program Official page

  • NextStep (Flex Lending)

    Statewide in Oregon

    Oregon Housing and Community Services mortgage for any buyer, including people who have owned a home before, with down payment assistance of 4% or 5% of the loan as a second mortgage that can be forgivable or repayable. Offered by Oregon Housing and Community Services (OHCS).

    Type not stated

    See the program Official page

Housing counselors near Redmond

The HUD-approved agencies closest to the center of Redmond, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Neighborimpact

    2303 SW 1st St, Redmond · 1 miles away · Spanish

    Also serves in American Sign Language (ASL).

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 7 more
    (541) 323-6567

  • Neighborimpact- Bend Housing Center

    20310 Empire Ave., Suite A100, Bend · 13 miles away · Spanish

    Also serves in American Sign Language (ASL).

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 6 more
    (541) 323-6567

  • Neighborimpact - Prineville Housing Center

    457 NE Ochoco Plaza Dr, Prineville · 18 miles away · Spanish

    Also serves in American Sign Language (ASL).

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 6 more
    (541) 323-6567

Every agency in Deschutes County All counseling agencies in Oregon

Help in Spanish near Redmond

3 of the 3 agencies on this list say they serve in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Redmond

In HUD’s record, no housing authority with an office in Deschutes County is named for Redmond or Deschutes County.

One other authority has an office in Deschutes County: see the list Source: HUD

Cities

Other cities in Deschutes County

These cities are also in Deschutes County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Deschutes County Housing in Oregon

Nearby cities

The cities closest to Redmond, with the typical home value.

Neighboring counties

If Deschutes County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Redmond.

All guides
A smiling girl holds up a small mushroom she found on a forest outing.

Questions

Housing questions about Redmond

Short answers with the numbers for Redmond and all of Deschutes County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Redmond?

The typical home value in Redmond is $462,500, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Deschutes County it is $650,900.

How much does it cost to rent in Redmond?

Typical rent in Redmond is $1,628 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Deschutes County is $1,893.

What is the FHA loan limit in Redmond?

Redmond uses the FHA limit for all of Deschutes County (2026): $718,750 for a one-unit home and $1,382,250 for a four-unit home.

How much property tax do owners pay in Redmond?

The typical homeowner in Redmond pays $3,213 a year, according to the U.S. Census Bureau. That is 0.69% of the home’s value; in Deschutes County, the rate is 0.58%.

Where can I find free help to buy or rent in Redmond?

There are 2 HUD-approved counseling agencies with an office in Deschutes County. 2 say they serve in Spanish. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).