Is Redmond, WA a good place to invest in rental property?

Redmond, WA has a median modeled monthly cash flow of $-5,170 and a median cap rate of 1.2%, on a median sold price of $1,351,450. Prices changed -5.7% year over year.

What is the average cap rate in Redmond, WA?

The median cap rate across recently sold homes in Redmond, WA is 1.2%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Redmond, WA?

The median sold price in Redmond, WA is $1,351,450 (about $629 per square foot).

Investing in Redmond, WA Real Estate

A data-driven snapshot of the Redmond, WA rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$1,351,450Median sold price

$629Median $/sqft

1.2%Median cap rate

$-5,170Modeled cash flow / mo

-5.7%Appreciation YoY

11.8Months of supply

575Active listings

586Sold (last 12 mo)

What the Redmond numbers say

In Redmond, WA, the median home sold for $1,351,450 (about $629 per square foot), and the typical deal models out to a 1.2% cap rate with a median $-5,170 of monthly cash flow. Sold prices moved -5.7% over the past year. Inventory sits at about 11.8 months of supply — a looser, buyer-friendly market. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other Washington markets to compare

See Redmond cash-flowing listings

CashFlowRE ranks every for-sale home in Redmond, WA by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Redmond deals, or browse the national market data.