Market Overview
Home Prices in Redmond, UT
The median home value in Redmond, UT is $307,756 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3.8% compared to a year ago and up 4.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Redmond are priced25% below average.
Price History
Redmond Home Price Trend
2022
$270,109
$270K
—
2023
$278,041
$278K
+2.9%
2024
$284,240
$284K
+2.2%
2025
$296,360
$296K
+4.3%
2026
$307,756
$308K
+3.8%
City Comparison
Redmond vs. National Median
🏠 Redmond
$307,756
National Median
$410,000
At $307,756, homes in Redmond cost 25% below the national median of $410,000. This makes Redmond a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Redmond?
20% Down Payment
$61,551
on $307,756
Monthly P&I
$1,605/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,038/mo
incl. taxes & insurance
Income Needed
$81,520
gross annual (30% rule)
10% Down Option
$30,776
+ PMI applies
Loan Amount (20% dn)
$246,205
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Redmond, UT?
The median home value in Redmond is $307,756 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 3.8% year-over-year.
How much have home prices changed in Redmond?
Over the past year, home values in Redmond have increased by 3.8%.
How much do I need to earn to buy a home in Redmond?
To comfortably afford the median home price of $307,756 with a 20% down payment ($61,551) at today's rates (6.8%), you'd need a gross annual income of approximately $81,520. This assumes keeping total housing costs at or below 30% of gross income.
How does Redmond compare to the national average home price?
The national median home value is approximately $410,000. At $307,756, homes in Redmond are 25% below the national average.