Redmond, WA

  • Overview
  • Performance
  • Listings
  • Buy Box

Key Performance Metrics

Market snapshot

Performance indicators for the Redmond short-term rental market based on reliable data.

Listings

135 / 452

Reliable / Active

Cap Rate

3%

Middle-Earners Gross Yield

Revenue

$38,137

Middle-Earners Revenue

Occupancy

73%

Middle-Earners Occupancy

Home Value

$1,383,154

Median Home Sale Price

Top Earners

$75,966

Top-Earners Revenue

Redmond

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Redmond.

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B

Generally Investor friendly

Redmond Regulations

Redmond explicitly permits STRs citywide with moderate licensing requirements ($153 annual fee) and standard operational rules (parking, noise, safety compliance). No meaningful caps were identified, and enforcement appears reasonable with warnings before penalties. The city's proactive updates for 2026 World Cup demand and supportive tourism initiatives indicate an investor-friendly regulatory environment despite some compliance complexity.

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About Redmond

Redmond, Washington sits in the eastern Puget Sound region as one of the larger communities in King County, with a population of roughly 75,000. The city has a distinctive dual personality: on one side, it is a globally recognized tech hub, home to the corporate headquarters of Microsoft and a dense cluster of gaming, software, and biotech employers; on the other, it is a leafy, lakeside suburb with miles of paved trails, parks, and easy access to the Cascade Range. Travelers often use Redmond as a quieter, more residential base than downtown Seattle while still being a short drive from the region's biggest draws. Downtown Seattle lies about 20 miles to the west, typically a 30- to 40-minute drive depending on traffic across State Route 520 or Interstate 90.

Marymoor Park anchors Redmond's outdoor life and is the largest park in King County, spanning more than 600 acres along the northern shore of Lake Sammamish. Just minutes from downtown Redmond, the park offers miles of walking and cycling paths, sports fields, an off-leash dog area, a historic aircraft hangar, a velodrome, and a concert venue that hosts popular summer events. Its scale and year-round programming make it a meaningful amenity for visitors who want green space without leaving the city limits.

About 10 miles east of Redmond, Snoqualmie Falls is one of the most visited natural sites in Washington, a roughly 270-foot waterfall on the Snoqualmie River with a riverside lodge, observation decks, and a short walking trail. From Redmond, the drive typically takes 30 to 40 minutes along I-90, making it an easy half-day excursion for guests who want a classic Pacific Northwest photo stop and a glimpse of the foothills.

Lake Sammamish itself runs along Redmond's southern edge and is a draw for kayaking, paddleboarding, swimming at small beaches such as Idylwood, and the long, well-maintained Sammamish River and Lake Sammamish trail corridors that connect Redmond to neighboring Issaquah and Marymoor Park. The lake is a quieter alternative to Lake Washington and gives short-term guests an immediate nature experience without leaving the city.

For travelers who want a mix of suburban calm and regional access, Redmond offers a compelling package: major tech campuses and corporate visitors on one hand, and trailheads, a large regional park, and a famous waterfall within easy reach on the other. Its position between Seattle and the Cascades, combined with a walkable downtown, dependable infrastructure, and proximity to Bellevue and the Eastside, makes it a versatile home base for both business and leisure stays.

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