What is the rental yield in Downtown Redmond, Redmond, Washington?

The gross yield in Downtown Redmond, Redmond, Washington is 2.4%. That sits alongside pricing in line with Redmond and 79% above Washington, with prices down 9.2% over the past year.

How does Downtown Redmond compare with Redmond and Washington?

Downtown Redmond, Redmond, Washington is priced in line with Redmond and 79% above Washington. It also has walkability of 94, education in the 98th percentile, a gross yield of 2.4%, and a Red Flag score of 56.

How walkable is Downtown Redmond in Redmond, Washington?

Downtown Redmond, Redmond, Washington has walkability of 94, which is very high. The tradeoff is a gross yield of 2.4% and a price trend down 9.2% over the past year, even though education is in the 98th percentile.

What should buyers know about risk in Downtown Redmond, Redmond, Washington?

Downtown Redmond, Redmond, Washington has a Red Flag score of 56, indicating moderate overall risk. That sits beside walkability of 94, education in the 98th percentile, and a gross yield of 2.4%.

Neighborhood

Downtown Redmond

Redmond, Washington US

Downtown Redmond, Redmond, Washington is a premium-priced investment profile relative to Washington, with pricing in line with Redmond and 79% above the state, a gross yield of 2.4%, and a price trend down 9.2% over the past year. The neighborhood pairs walkability of 94 with education in the 98th percentile, while the Red Flag score of 56 suggests moderate overall risk. The main strength is the very high walkability and school-district test-score percentile; the main caution is the low yield and recent price decline.

AI Summary•Updated May 2026

Area

1.02 mi²

ZIP Code

98052

County

King County

State

Washington

Redfin — median sale & volumeZillow ZORI — asking rentFEMA National Risk Index v1.20OpenStreetMap — POIFBI UCR — state crimeEPA — radon zonesEPA FRS / BTS — hazard screeningUS Census ACS / TIGER 2024

Verified Price · Median Sale

$1,302,113

YoY-9.2%

Gross Rental Yield

2.4%

Listed rent · ZORI annualized

Red Flag Index

Moderate

56 / 100

Walkability Score

Walker's Paradise

OpenStreetMap POI density · national percentile

Education Score

98 / 100

Excellent · better than 98% of U.S. districts

Pre-pandemic SEDA (2018/19) · district proxy

AI Score

Limited

DistrictScore attractiveness · national model

Downtown Redmond Property Prices & Rental Yield

Verified Redfin sale data and Zillow ZORI asking rent for Downtown Redmond, Redmond.

Unlock the Downtown Redmond 12-month price trend

See the full Verified vs Listed price history — free with a DistrictScore account.

Market Economics Snapshot

May 2026

Metric	Value	YoY
Median Sale Price	$1,302,113	-9.2%
Price / Sq Ft (Verified)	$631/sqft	-3.8%
Asking Rent (Median)	$2,553/mo	+3.0%
Gross Rental Yield	2.4%	—
Liquidity Score	42 / 100	Moderate
Homes Sold (Period)	171	-17.0%

Is Downtown Redmond Safe? Natural-Hazard Risk

FEMA National Risk Index composite across eight hazards, plus inherited Washington crime context.

Red Flag Breakdown

56 / 100

Moderate Risk

Composite is weighted by expected impact — frequent low-damage hazards (hail, wind) weigh less than flood or wildfire.

Earthquake100Very High

Flood80Very High

Heat60High

Wildfire40Moderate

Tornado20Low

Strong Wind20Low

Hail20Low

Hurricanen/an/a

7/8 hazards scored · FEMA NRI v1.20

Crime (state-level): Washington averaged 27.9 crimes and 3.3 violent per 1,000 residents (-13.0% YoY) in 2024(FBI UCR). Compare the state to the country, not states as a ranking — full Safety & Crime data lives on the state page.

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Tract-level hazard heatmap & parcel detail with Pro

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See all eight FEMA hazard scores — free with a DistrictScore account.

What Stands Out AI Insight

Highly walkable neighborhood — score 94/100

Active transaction volume — 171 homes sold last period

Dense amenities — 83 dining & 13 grocery options nearby

Earthquake risk is Very High (100/100)

Flood risk is Very High (80/100)

Insights are generated from Downtown Redmond's live DistrictScore metrics.

Downtown Redmond Environment & Safety

Satellite PM2.5 air-quality history, FBI UCR crime trend (Washington-level, the finest official aggregation), EPA radon potential and point-source hazard screening.

Washington Crime Trend

FBI UCR

20132024

All crimes / 1k

Violent / 1k

Year	Crimes / 1k	Violent / 1k	YoY
2024	27.9	3.3	-13.0%
2023	32.5	3.6	-12.5%
2022	37.5	3.8	+11.9%
2021	33.7	3.4	+12.1%
2020	30.3	2.9	+0.9%
2019	30.3	3.0	—

Reported at the state level — the finest official US crime aggregation; Downtown Redmond inherits the Washington figures.

Radon Potential

EPA

Zone 3

Zone 3 — Lowest potential · Downtown Redmond

EPA radon zones estimate indoor radon potential county-wide (Zone 1 highest, Zone 3 lowest). Testing is recommended in all zones.

Environmental Hazards

EPA / BTS

Industrial odor1 nearbyVery High

Point-source screening near Downtown Redmond: EPA Superfund National Priorities List & Facility Registry (2026), BTS aviation noise (2020, 24-hour average level). Superfund shows distance to the nearest listed site; odor shows detected sources within the screening radius. Only detected sources are listed; the bar shows severity vs. all U.S. neighborhoods.

Walkability & Amenities in Downtown Redmond

Amenity density and pedestrian access from OpenStreetMap points of interest.

Walkability & Amenities

OpenStreetMap POI

94

Walker's Paradise

Walkability Score

13

Grocery

83

Dining

4

Schools

0

Universities

6

Hospitals

3

Pharmacies

20

Parks

4

Rail Transit

0

Coworking

POI counts are amenities within Downtown Redmond's boundary plus a 400 m walk buffer. Rail transit excludes bus stops.

Downtown Redmond vs Redmond vs Washington

How Downtown Redmond benchmarks against its city and state medians.

Benchmark vs City & State

In Downtown Redmond, the median sale price sits in line with the median for Redmond neighborhoods and about 79% above the statewide median. Gross rental yield is 2.4%, against 2.4% for Redmond neighborhoods and 4.0% statewide. Over the past 12 months, prices fell 9.2%. Transaction liquidity sits in line with the median for Redmond neighborhoods and above the statewide median.

Area	Median / Sq Ft	Gross Yield	Liquidity
Downtown Redmond	$631/sqft	2.4%	42
Redmond	$631/sqft	2.4%	42
Washington	$352/sqft	4.0%	32

Unlock the Downtown Redmond benchmark

Compare Downtown Redmond against Redmond and Washington medians — free with a DistrictScore account.

Buying Property in the US as a Foreigner

Federal & Washington tax facts for non-resident buyers, plus the latest local market news.

Buying as a Foreigner

US Tax & Ownership

Applies to everyone7

Capital Gains (Federal)

Long-term capital gains taxed federally at 0/15/20%, plus a 3.8% Net Investment Income Tax on higher incomes (2026).

Property Tax

Property tax: ~0.74% average effective rate (statewide average; set and collected locally).

State Income Tax

No state income tax — rental income is not taxed at the state level.

State Capital Gains

No general income tax; the 7% capital gains tax exempts real estate.

Transfer Tax

Real estate transfer tax: REET graduated 1.1-3% (mansion-style).

Assessment Cap

No Proposition 13-style assessment cap; property is reassessed at market value.

Mansion Tax / Rent Control

Statewide rent control caps rent increases (HB 1217; 9.683% max for 2026); transfer tax is mansion-style.

US citizens & tax residents6

Primary-Home Exclusion

Selling your main home: exclude up to $250k of gain (single) / $500k (married) if you owned and lived there 2 of the last 5 years.

1031 Like-Kind Exchange

A 1031 like-kind exchange defers capital gains tax on investment property; 45 days to identify, 180 to close. Real estate only.

Depreciation Recapture

Residential rentals depreciate over 27.5 years; on sale, recaptured depreciation is taxed up to 25% (Section 1250).

Mortgage Interest Deduction

Mortgage interest is deductible on up to $750k of home debt. The SALT cap rose to $40,000 for 2025-2029 (reverts to $10k in 2030).

Opportunity Zones

Opportunity Zones are now permanent (2025): reinvested capital gains get deferral plus a basis step-up, and are tax-free after 10 years.

Rental Income (Resident)

Rental income is reported on Schedule E; passive-loss rules (Section 469) limit deducting rental losses against other income.

Foreign buyers (non-residents)5

FIRPTA (Foreign Sellers)

FIRPTA: the buyer withholds 15% of the gross sale price when a nonresident sells US property. It is an advance deposit, not the final tax.

Non-Resident Capital Gains

Nonresident sellers pay US capital gains tax (generally 15-20%) on the net gain via Form 1040-NR; FIRPTA withholding is credited.

Non-Resident Rental Tax

Nonresident rental income is taxed at 30% of gross by default, or on net income at graduated rates via a Section 871(d) election (W-8ECI).

Estate Tax (Non-Resident)

Nonresidents get only a $60,000 US estate-tax exemption (vs $13.99M for residents); US property above it is taxed up to 40%. Treaties may help.

ITIN Requirement

Nonresidents without an SSN need an ITIN (Form W-7) to file US tax returns, claim FIRPTA refunds, and report rental income.

Talk to a US real-estate tax advisor

FIRPTA, ITIN & Washington property-tax guidance for foreign buyers

Latest Redmond Real-Estate News

New Fed chairman may leave mortgage rates mostly unchanged

Guaranteed Rate • Jun 18, 2026

Household real estate wealth hits record $48.7 trillion

Eye On Housing • Jun 18, 2026

U.S. commercial property prices hit record as deal patterns shift

Altus Group • Jun 18, 2026

Downtown Redmond Real Estate FAQ

Downtown Redmond, Redmond, Washington has strong walkability of 94 and education in the 98th percentile, but the gross yield is 2.4% and prices are down 9.2% over the past year. The Red Flag score is 56, which points to moderate overall risk.

Neighborhoods near Downtown Redmond

Compare Downtown Redmond with nearby neighborhoods in Redmond.

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