The story of this market
The typical home in ZIP 97756 sells for about $679,900, or $378 per square foot.
Prices are down 1.8% from a year ago, which gives buyers more room to negotiate. Homes take about 64 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $2,150 a month.
ZIP 97756 — Redmond
The Redmond housing market is currently in a period of recalibration, characterized by a balanced inventory and a slight year-over-year decline in median prices. While demand remains steady, buyers are increasingly strategic, leading to a moderate share of price reductions as the market adjusts to current interest rate conditions.
This ZIP is ideal for family buyers and professionals seeking a more affordable alternative to Bend while maintaining access to the Central Oregon lifestyle. It attracts those who value outdoor recreation and a growing, community-focused environment.
Median prices moved down 1.8% year over year.
Homes spend a median of 64 days on market with 7.2 months of supply — a balanced-paced market.
19% of listings have cut prices · homes sell at 98.9% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.9% · poverty 9.2% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 11.1%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 7.6%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 97756, Deschutes County OR
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Crime rates in the Redmond area are generally considered moderate, with property crime being the primary concern compared to violent crime. Trends remain stable, and the area is often viewed as safer than larger urban centers in the Pacific Northwest.
Schools in the Redmond area are part of the Redmond School District, which generally maintains a solid reputation for academic performance and community engagement. Most schools are rated as average to above-average by state standards.
The region faces moderate wildfire risk, necessitating proactive defensible space management for residential properties. Flood risks are generally low, though localized areas near the Deschutes River require standard insurance considerations.
Redmond serves as a key industrial and aviation hub for Central Oregon, with significant growth driven by the Redmond Municipal Airport and expanding manufacturing sectors. Infrastructure development is focused on supporting the rapid population influx from the broader Bend-Redmond metro area.
Property taxes in Redmond are determined by the Deschutes County Assessor based on the real market value of the property, subject to Oregon's constitutional limits on assessed value growth. Special districts for fire, water, and school bonds are added to the base rate.
Commuting from Redmond to the primary employment core in Bend typically involves a 20-30 minute drive via US-97. Public transit options are limited, making personal vehicle ownership the standard for regional travel.
The area offers extensive access to outdoor recreation, including the Dry Canyon Trail, local parks like Sam Johnson Park, and proximity to the Deschutes River. Shopping and dining are concentrated in the historic downtown Redmond district.
The rental market is currently experiencing a period of stabilization with moderate vacancy pressure. Short-term rental activity is strictly regulated by city ordinances, limiting the impact of investor-driven inventory on long-term housing availability.
The economy is anchored by aviation, manufacturing, and healthcare, with the Redmond Municipal Airport serving as a major regional employer. The area benefits from a diverse mix of small businesses and a growing industrial sector.
Transportation is heavily reliant on the US-97 highway corridor, which connects Redmond to Bend and other regional hubs. Local transit is provided by the Cascades East Transit system.
Development is focused on mixed-use residential and commercial projects along the Highway 97 corridor and the expansion of industrial parks near the airport.
Parcels are subject to various special districts including the Redmond Fire and Rescue District, Redmond School District, and local water/sewer utility districts.
Property insurance premiums are rising due to regional wildfire risk, with many carriers requiring specific fire-mitigation certifications for coverage.
Data retrieved from data.census.gov ZCTA-level tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
A major recreational corridor running through the heart of Redmond.
The primary commercial airport serving Central Oregon.
Historic district featuring local boutiques, breweries, and restaurants.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.