What is the Best Neighborhoods USA ranking for North Redmond?
North Redmond is ranked #5 of 9 eligible neighborhoods in Redmond; #333 of 533 eligible neighborhoods in WA; and #9,308 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
North Redmond
Redmond, WA | King County
Scored premium profile
Best Neighborhoods USA Index
45.2
Stability and Strength
71.6
Value Opportunity
44.3
Momentum
4.3
Score note: Rankings show denominators so users always see the size of the eligible cohort.
| Context | Value |
|---|---|
| Location | Redmond, WA |
| County | King County |
| National rank | #9,308 of 14,967 |
| State rank | #333 of 533 |
| City rank | #5 of 9 |
| County rank | #198 of 287 |
| National percentile | 37.8 |
| National band | MIDDLE_50_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $1,984,429 |
| Year-over-year home value change | -6.0% |
| Month-over-month home value change | -0.88% |
| Home value to income ratio | 21.74 |
| Median household income | $91,274 |
| Bachelor's degree or higher | 84.9% |
| Civilian unemployment rate | 4.8% |
| Homeownership rate | 77.0% |
| Housing vacancy rate | 2.8% |
| Rent burden 30% or higher | 39.3% |
How to read this profile
- Ranks are always shown with denominators.
- Momentum reflects both year-over-year and month-over-month housing change.
- Stability and Strength and Value Opportunity are governed composite scores.
- Identity composition is descriptive intelligence and is not a scoring component.
Questions and Answers
Questions About Living in North Redmond
Is North Redmond one of the best neighborhoods in Redmond?
North Redmond has a Best Neighborhoods USA Index of 45.2 and a city ranking of #5 of 9 eligible neighborhoods in Redmond.
How much are homes worth in North Redmond?
The current Zillow Home Value Index for North Redmond is approximately $1,984,429.
Are home values rising or falling in North Redmond?
Zillow neighborhood values changed -6.0% year over year and -0.88% month over month.
What is the Neighborhood Momentum Score for North Redmond?
North Redmond has a Neighborhood Momentum Score of 4.3. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in North Redmond?
The NDS-derived neighborhood median household income is approximately $91,274.
How affordable is North Redmond relative to household income?
The current Zillow home-value-to-household-income ratio is 21.74. Price-to-income affordability is a major Value Opportunity input.
Is North Redmond primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 77.0%.
What is the unemployment rate in North Redmond?
The NDS-derived civilian unemployment rate is approximately 4.8%.
How educated are residents of North Redmond?
Approximately 84.9% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in North Redmond face high rent burden?
Approximately 39.3% of the applicable renter-household universe is estimated to spend 30% or more of household income on gross rent.
How does Best Neighborhoods USA score North Redmond?
The overall index combines 40% Stability and Strength, 35% Value Opportunity, and 25% Momentum. Race, ethnicity, and identity composition are not scoring components.
Governed ranking context
How this neighborhood ranks
HMDA Mortgage Intelligence
Neighborhood Mortgage Market
Modeled neighborhood-level mortgage activity allocated from governed HMDA tract data using Zillow neighborhood geometry. These neighborhood values are nonadditive and do not enter the Best Neighborhoods USA Index.
Activity year2024
Estimated applications83
Estimated originations48
Home-purchase applications42
Origination rate57.9%
Home-purchase share50.4%
Average application loan$1,016,294
Total application loan amount$83,999,238
National application rank#5,101 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications 12.5% YoY; originations 8.7% YoY
Mortgage methodology
HMDA is natively reported at tract and other lender-reporting geographies, not Zillow neighborhood or ZIP geography. This module uses the certified NDS HMDA-to-Zillow tract-vintage crosswalk and area-weighted allocation. Rankings require governed geometry coverage. Applicant demographics are excluded. Neighborhood values may overlap and must not be summed to reconstruct ZIP or national totals.