Redmond, WA
- Overview
- Performance
- Listings
- Buy Box
Key Performance Metrics
Market snapshotPerformance indicators for the Redmond short-term rental market based on reliable data.
Listings
113 / 426
Reliable / Active
Cap Rate
3%
Middle-Earners Gross Yield
Revenue
$39,516
Middle-Earners Revenue
Occupancy
70%
Middle-Earners Occupancy
Home Value
$1,344,863
Median Home Sale Price
Top Earners
$83,513
Top-Earners Revenue
Redmond
Market Revenue Seasonality
Top Listings
Highest revenueThe highest-performing listings in Redmond.
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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.
Local STR Agent
STR specialist · Redmond, WA
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".