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

133 / 433

Reliable / Active

Cap Rate

3%

Middle-Earners Gross Yield

Revenue

$37,501

Middle-Earners Revenue

Occupancy

75%

Middle-Earners Occupancy

Home Value

$1,374,110

Median Home Sale Price

Top Earners

$84,953

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 is a city in King County, Washington, United States, located 15 miles (24 km) east of Seattle. The population was 73,256 at the 2020 census.Redmond is best known as the home of Microsoft and Nintendo of America. The city has a large technology industry in addition to being a bedroom community for Seattle, which lies across Lake Washington on State Route 520. With an annual bike race on city streets and the state's only velodrome, Redmond is also known as the "Bicycle Capital of the Northwest".

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