Zip Code 98052

Redmond, WAKing County

Real Estate Market Analysis

Q3 2025 Report
$1,325,000 (June 2025)
Median Home Value
~80,000 (2025 estimate)
Population
$145,000 (2024 estimate)
Median Income
A+ (Niche, GreatSchools)
School District Rating

Market Statistics

Property Values

$1,325,000 (June 2025)
Median Home Value
$3,200–$3,500 (estimate, based on market)
Median Rent
$646 (June 2025)
Price per Sq Ft

Market Performance

Home Appreciation+8.2% YoY (median sold price), +9.5% YoY (ZHVI)
Market Velocity84% of homes sold within 30 days; median days on market: 15 (up from 8 last year)
Foreclosure RateLow (King County overall remains below national average)

Area Information

Area Size~36 sq mi
CountyKing
Primary CityRedmond

Housing Profile

Housing Statistics

Total Housing Units~30,000 (estimate)
Owner Occupied~55% (estimate)
Rental Properties~45% (estimate)
Vacant UnitsLow vacancy (<4%)
New ConstructionActive, especially in North Redmond and near tech corridors

Housing Types

Single-family homesTownhomesCondosLuxury estates

Demographics

~80,000 (2025 estimate)
Population
36
Median Age
$145,000 (2024 estimate)
Median Income
High; unemployment below 3%
Employment Rate
High; over 60% hold a bachelor’s degree or higher
Education Levels
Mix of families, professionals, and international residents
Family Composition

Education Quality

School District Performance

A+ (Niche, GreatSchools)
District Rating
School DistrictLake Washington School District
Test ScoresAbove state average; strong STEM performance
Graduation Rates>92%

Schools in Area

  • Redmond High School
  • Rose Hill Middle School
  • Einstein Elementary
  • Explorer Community School

Economic Factors

Employment & Business

Job GrowthStrong; tech sector expansion continues
Unemployment Rate~2.8% (2025 estimate)
Business EnvironmentRobust, tech-driven, startup-friendly
Commercial ActivityActive; new office and retail developments

Major Employers

  • Microsoft
  • Facebook/Meta
  • Nintendo
  • SpaceX
  • Google

Infrastructure & Quality of Life

Infrastructure

Transportation Access

  • SR-520 freeway
  • Sound Transit Light Rail (opening 2025)
  • Metro bus lines
  • Bike trails

Utilities & Services

  • Puget Sound Energy
  • City of Redmond utilities
  • High-speed fiber internet

Quality of Life

Safety & Environment

Low violent crime; some property crime near commercial areas

High; green spaces, clean air, strong sustainability initiatives

Healthcare Access

  • Overlake Medical Center
  • Swedish Redmond
  • UW Medicine clinics

Development Trends

Planned Developments

  • Downtown Redmond urban center expansion
  • Light rail station area redevelopment
  • New mixed-use projects

Infrastructure Projects

  • Light rail extension (2025)
  • Road widening and bike lane additions

Investment Outlook

Growth Outlook

Continued strong growth, especially in tech and housing

Investment Opportunities

  • Transit-adjacent multifamily
  • Luxury single-family flips
  • Short-term rentals

Marketing Intelligence

Target Demographics

  • Tech professionals
  • Young families
  • International buyers
  • Investors

Competitive Advantages

  • Top-tier schools
  • Major tech employers
  • Transit access
  • High quality of life

Pricing Strategies

Position at or slightly below recent comps for quick sales; premium for updated, move-in-ready homes

Common Objections & Response Strategies

Objection: High home prices

Response Strategy:

Emphasize appreciation, job growth, and long-term value

Objection: Competition and bidding wars

Response Strategy:

Highlight opportunities for negotiation (39% sold below asking in June 2025)

Objection: Traffic congestion

Response Strategy:

Promote upcoming light rail and bike infrastructure improvements

Objection: Property taxes

Response Strategy:

Compare to regional averages and highlight public amenities

Professional Recommendations

1

Leverage tech employer relocation programs

2

Target listings near new light rail stations

3

Emphasize school ratings and parks in marketing

4

Advise buyers on negotiation strategies given high share of under-asking sales

5

Stay updated on zoning and development changes for investment clients

Competitive Analysis

Comparable Markets

  • 98053 (Sammamish)
  • 98033 (Kirkland)
  • 98005 (Bellevue)

Market Positioning

Premium tech corridor with top schools and transit access

Competitive Advantages

  • Higher appreciation rates
  • More new construction
  • Closer proximity to Microsoft

Price Comparison

98052 median home value is higher than state average ($1.32M vs. $665K), but lower than North Redmond ($1.94M)

Investment Metrics

~3.5% (estimate for SFR rentals)
Cap Rates
~4% gross yield (estimate)
Rental Yields
~30–32 (high, typical for tech-driven markets)
Price-to-Rent
Modest; best for appreciation-focused investors
Cash Flow
Continued 5–8% annual growth expected through 2026
Appreciation

Buyer Journey Insights

First-Time Buyers

Challenging due to high prices; recommend condos/townhomes or down payment assistance

Move-Up Buyers

Strong equity positions; can leverage appreciation for larger homes

Downsizers

Attractive condo and townhome options near amenities

Investors

Best returns near transit or tech campuses; focus on appreciation

Relocators

Highlight community, schools, and tech job access

This zip code analysis was generated using comprehensive market data and AI intelligence.

Market conditions change rapidly - consult with local real estate professionals for the most current information.

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