Rent to own Homes in Redmond, OR
Redmond is a growing community of approximately 26,000 residents located in central Oregon. Redmond was founded in 1904 when Frank and Josephine Redmond decided to set up camp in the area. Once irrigation and the railroads were established in Redmond, people began pouring into the small community. Today Redmond offers great opportunities for recreation on land and water, including cycling, hiking, kayaking and fishing. Music events, parades, banquets and golf tournaments are just some of the fun activities that happen all year-round in Redmond.
Redmond, OR is a great place for affordable rent-to-own homes! With a median household income of over $64,852 and a median rent of $1,153, the Redmond, OR rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Redmond, OR. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
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Redmond, OR is seeing rapid growth and Redmond, OR's' housing market remains not optimal with an average home price that is 29% above the 2024 national average. Redmond, OR is part of Deschutes county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county Deschutes is 0.72% which is below the national average, which is 0.99%.
Median Home Price in Redmond, OR
Median Rent in Redmond, OR
Top 6 Reasons to Live in Redmond, OR
Adventures in the high desert! A home in Redmond means access some of the best recreational activities in central Oregon. Deschutes River is four miles from the city and offers white-water rafting, kayaking, fishing and hiking opportunities. Smith Rock State Park attracts rock climbers from all over the world. For something a little closer to home, stop by one of the many parks in Redmond. From American Legion Park to Weigand Family Dog Park, there's plenty of fun to be had in the outdoors.
Car shows and breweries galore! Redmond hosts numerous car shows through the year. Visit the annual High Desert Cruise-In and the Oregon High Desert Swap Meet & Car Show at the Deschutes County Fairgrounds and Expo Center. The local microbrewery scene is vibrant as well, and offers endless opportunities for experimentation. The Smith Rock Brewing Company is known for its cider, ale and artisan burgers. The 7th Street Brew House offers a choice of pale ales, beer and porters brewed to perfection.
Property values on an upswing! Home values have steadily appreciated by about 20 percent over the past decade. Property tax rates are lower than the national average, which is good news for those looking to buy outright or seeking a rent to own home. Home buyers may want to check out properties on West Antler Avenue, located close to the Dalles-California Highway, and Southwest Forest Avenue.
Low rents and lots of variety! Homes for rent are available at lower rents than the national average. The lowest rents in the city are to be found in the Dalles, which is also the site of the Roberts Field Airport. Locals from all neighborhoods make it a point to head to Downtown Redmond to enjoy events such as the annual Redmond Youth Art Walk.
Never go hungry! There's no shortage of good eats in Redmond. For a slice of pizza, head over to Cibelli's and try their White Pie or Stuffed Crust. Brickhouse offers perfectly cooked steaks and seafood in a contemporary setting. Mazatlan is a family-owned Mexican restaurant and locals can't get enough of their bean dip and salsa.
Community fun! Redmond hosts a ice skating rink during the winter and residents can skate free during certain times of the day as long as they bring their own skates. The rink is located on SW Seventh Street, right across from Centennial Park. Redmond also offers on-going volunteer opportunities such as the Fire Department Volunteer and the Start Making A Reader Today (SMART) programs.