Real Estate Investing in Redmond, Oregon (97756)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 97756 (Redmond, OR)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
What’s happening in Redmond, OR (97756)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 97756 Redmond
Investors eyeing 97756 need to respect the fundamentals at play. Home values of $516K come alongside slower price movement and elevated management overhead.
Distressed markets are won on execution, not on spreadsheets. ZIP 97756 comes in at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Statewide comparisons place 97756 among OR's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
The demographic picture in 97756 includes headwinds that any investor should price in. Income distribution skews lower than Redmond averages, and tenant stability requires active management.
The right play in 97756 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Redmond:
Property Strategy for 97756
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $418,897 | $1,570 | 2.7% | +6.2% | $209,448 |
| 3BR | $493,471 | $2,180 | 3.2% | +6.9% | $164,490 |
| 4BR | $586,818 | $2,630 | 3.2% | +7.1% | $146,705 |
| 5BR | $664,158 | — | — | +7.0% | $132,832 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 97756 Compare?
| Metric | 97756 | Redmond | Bend, OR | Oregon |
|---|---|---|---|---|
| Home Value | $515,998 | $515,998 | N/A | $493,884 |
| 5-Year CAGR | 2.1% | 2.1% | N/A | 4.9% |
| Avg Rent | $2,077 | $2,077 | N/A | - |
| Cap Rate | 3.1% | 3.1% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 97756 (Redmond, OR). Anonymous, moderated, never written by AI.
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Property managers serving Deschutes County
Manage rentals here? List your business →Elevation Property Management. summary from their website
Housing Works fosters dignity through housing and provides resources for finding rental and emergency housing, including new rental communities. summary from their website
High Desert Property Management. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $515,998 |
| Monthly Rent | $2,077 |
| Price-to-Rent | 20.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.8% |
| Cap Rate | 3.1% |
| 5-Year IRR | 5.2% |
📈 Home Appreciation
| 1-Year | +1.2% ▲ |
| 3-Year CAGR | +0.8% ▲ |
| 5-Year CAGR | +2.1% ▲ |
| 10-Year CAGR | +6.8% ▲ |
🏠 Rent Trends
| 1-Year | -2.5% ▼ |
| 3-Year CAGR | +1.6% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.1%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 97756
Population: 44,287
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 97756
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
Frequently Asked Questions
What is the typical rental rate in Redmond, OR?
The typical rental in Redmond, OR commands about $2,077/mo monthly. That rent profile predictable cash flow against the $516K purchase basis.
Are tenants stable in Redmond, OR?
Redmond, OR draws a measured base of working renters. Demand at the $2,077/mo rent level is reasonable for standard single-family and small multi rentals.
How tight is the rental market in Redmond, OR?
Redmond, OR carries elevated vacancy risk. Expect consistent absorption at market rents of $2,077/mo.
Are homes affordable in Redmond, OR?
Redmond, OR home values average about $516K. That price point suits investors targeting rentals with $2,077/mo in monthly income.
What kind of market is Redmond, OR for investors?
Investors tracking Redmond, OR will find a 3.0/5 rating supported by $516K median home values and $2,077/mo rents. That profile suits long-term holders targeting steady returns.
You know 97756 now. You don’t know where it ranks.
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How 97756 ranks in Bend, OR
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