Redmond Homes

Written by Seth Cotterell
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Homes in Redmond, Washington are an extremely attractive investment for home buyers. Whether you're shopping for your first home or are an experienced home buyer, purchasing property in Redmond can produce a solid return on investment. Homes in the area are well priced and resale values are generally very good.

A Look at Redmond Homes

Here is brief look at homes in Redmond. In the year 2000, the median household income was just over $66,000 per year and the median house value was about $269,000. In this town of around 45,000 people, there were nearly 20,300 houses in 2000. Occupancy was 94.25 percent with approximately 55 percent owning their home and 45 percent renting.

Building rates have been fairly consistent since the 1970s with around 5,200 - 5,600 new homes built per decade. Two bedroom homes are the most common, and somewhat surprisingly, there are more one bedroom homes than three bedroom models. In the year 2000, there were more homes valued between $250,000 - $299,999 than in any other category.

Affordable housing is not the only thing that draws people to Redmond. Redmond is a picturesque city nestled in the heart of the gorgeous Puget Sound area of the Pacific Northwest. Its climate is mild and job opportunities abound. It is a center of art and culture and all these factors continue to draw new residents to the area.

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