The story of this market
The typical home in ZIP 98053 sells for about $1,441,774, or $545 per square foot.
Prices are up +3.2% from a year ago, so sellers still have some momentum. Homes take about 42 days to sell. HUD's fair market rent for a two-bedroom is $3,250 a month.
ZIP 98053 — Redmond
The 98053 housing market remains robust, characterized by high median home values and strong buyer demand driven by the local tech economy. While inventory has seen a slight increase, the market remains competitive with homes selling near asking price. Figures for specific metrics like months of supply and sale-to-list ratio are based on current market activity reports for the Redmond area.
This ZIP is ideal for high-income families and tech professionals who prioritize proximity to major employers, top-tier schools, and a suburban lifestyle with access to outdoor amenities.
Median prices moved up 3.2% year over year.
Homes spend a median of 42 days on market with 2.4 months of supply — a fast-moving market.
22% of listings have cut prices · homes sell at 100.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 2.8% · poverty 3.1% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.6%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.5%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 98053, King County WA
Crime rates in the Redmond area are generally low compared to national averages, with property crime being the primary concern. The area is considered safe and family-oriented.
Schools serving the 98053 area are highly rated, primarily falling under the Lake Washington School District, which is recognized for strong academic performance and college readiness.
The area faces moderate risks related to windstorms and occasional localized flooding in low-lying areas, but it is not a high-risk zone for wildfires compared to more rural parts of the state.
Economic momentum is driven by the proximity to major technology hubs, including Microsoft's headquarters in Redmond, which fuels consistent demand for housing and infrastructure improvements.
Property taxes are assessed by King County based on the market value of the property, with rates determined by local levies, school district bonds, and state requirements.
Residents primarily commute by car toward the Redmond and Bellevue employment cores, with transit options including regional bus services and proximity to major highway corridors like SR 520.
The area features extensive access to parks, trails, and greenbelts, including proximity to the Sammamish River Trail and various community parks, with shopping and dining concentrated in Redmond Town Center.
The rental market is competitive due to the high concentration of tech workers, with low vacancy rates and a steady upward trajectory in asking rents.
The economy is heavily anchored by the technology sector, with Microsoft being the primary employer, supported by a robust ecosystem of software and aerospace companies.
Ongoing development focuses on high-density residential projects near the future light rail extension and downtown Redmond.
Parcels are subject to Lake Washington School District levies and various utility district assessments.
Property insurance premiums are stable but reflect the regional risk of wind and water damage.
Data retrieved from data.census.gov ZCTA profiles.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Remlinger Farms4.35.8 mi
- Sky Zone Trampoline Park4.117.6 mi
- Tukwila Family Fun Center & Bullwinkle's Restaurant4.316.7 mi
- Sky Zone Trampoline Park4.116.1 mi
- Round1 Bowling & Arcade417.3 mi
- T-Mobile Park4.715 mi
- Climate Pledge Arena4.515.5 mi
- Lumen Field4.614.9 mi
- Paramount Theatre4.714.6 mi
- Topgolf Renton4.114 mi
- Marymoor Park4.74.5 mi
- Warren G. Magnuson Park4.710.8 mi
- Remlinger Farms4.35.8 mi
- Bellevue Downtown Park4.88.9 mi
- Bellevue Botanical Garden4.77.9 mi
- Pike Place Market4.615.1 mi
- Gas Works Park4.714.4 mi
- The Museum of Flight4.815.8 mi
- Chihuly Garden and Glass4.715.4 mi
- Museum of Pop Culture4.515.3 mi
- Marymoor Park4.74.5 mi
- Warren G. Magnuson Park4.710.8 mi
- Bellevue Downtown Park4.88.9 mi
- Bellevue Botanical Garden4.77.9 mi
- Washington Park Arboretum4.812.7 mi
- Pier 664.515.5 mi
- Shilshole Bay Marina4.617.7 mi
- Fishermen's Terminal4.616.6 mi
- Seattle Yacht Club4.613.3 mi
- Elliott Bay Marina Inc4.617.2 mi
- Willows Run Golf Complex46.3 mi
- The Golf Club at Newcastle4.410 mi
- Bellevue Golf Course4.45.9 mi
- The Club at Snoqualmie Ridge4.511.3 mi
- Echo Falls Golf Club4.211 mi
- Bellevue Square4.58.8 mi
- University Village4.612.8 mi
- Remlinger Farms4.35.8 mi
- Redmond Town Center4.44.6 mi
- Uwajimaya Bellevue4.67.8 mi
- Paine Field4.721.1 mi
- Seattle-Tacoma International Airport (SEA) Parking Garage3.419.5 mi
- King County International Airport - Boeing Field4.515.4 mi
- Kenmore Air - Lake Union4.614.8 mi
- Kenmore Air - Lake Washington4.512.9 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Features trails, farm animals, and equestrian facilities.
Major open-air shopping and entertainment district.
Extensive paved trail for cycling and walking.
Key-figure check: median price diverges 15.8% from the nearest retained anchor (published ten-year series (2025)) — beyond the 12.5% tolerance; an automated validation case is open and the value publishes pending its verdict. Research outlier held out — this pass returned a median of $1,213,600 (15.8% off the retained reading), contradicting every independent anchor; the prior reading stands pending corroboration. Validation: the flagged $1,213,600 (-15.8% vs the published ten-year series (2025)) failed independent re-validation and was reverted to the prior cycle value; the case is under review in the Command Center.