Property Prices in Redmond, WA, United States

Index Info
Price to Income Ratio: 4.33
Mortgage as Percentage of Income: 29.62%
Loan Affordability Index: 3.38
Price to Rent Ratio - City Centre: 13.63
Price to Rent Ratio - Outside of Centre: 12.34
Gross Rental Yield (City Centre): 7.34%
Gross Rental Yield (Outside of Centre): 8.10%
Rent Per Month
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Apartment (1 bedroom) in City Centre 2,020.64 $ 1,900.00-2,114.40
Apartment (1 bedroom) Outside of Centre 1,805.33 $ 1,500.00-2,081.10
Apartment (3 bedrooms) in City Centre 3,222.22 $ 2,700.00-3,500.00
Apartment (3 bedrooms) Outside of Centre 2,714.29 $ 2,400.00-3,300.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 529.42 $ 500.00-600.00
Price per Square Feet to Buy Apartment Outside of Centre 418.19 $ 401.66-450.00
Salaries And Financing
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Average Monthly Net Salary (After Tax) 5,888.89 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 3.31 3.00-4.00

These data are based on 82 entries in the past 18 months from 15 different contributors.
Last update: July 2021

Sources and References
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