Redmond Oregon Real Estate

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Redmond is selected by many Central Oregon residents because it has some of the least costly housing in Deschutes County, yet is close to jobs, shopping, entertainment, and the regional airport. $200,000 buys a very nice home in Redmond on a good sized lot, something that is becoming more difficult in Bend or Sisters.

History
Oregon had been a State for 45 years by the time Frank and Josephine Redmond pitched their first homestead tent near the area that would later take on their namesake in 1906. With these agricultural roots, the city was platted by an irrigation company building a major canal project.

In 1911, a year after the town was incorporated; electrification reached Redmond as well as the Oregon Trunk Line Railroad, which opened new markets for farmers and merchants in the area. By 1930 the town grew to 1,000 people, and ten years later population had nearly doubled.

During the 1940's Redmond was selected as a US Air Force Base and commercial air service was established at Roberts Field after WW II. The following three decades (1950's, 60's, 70's) and most of the 80's the town's population remained relatively static, growing slowly around a small commercial/retail center and manufacturing industry.

During the 1990's the town's population began to grow along with most of Deschutes County. Between 2000 and 2006, Redmond's population grew by 74.3% making it among Oregon's fastest growing incorporated cities each year. This rapid growth has continued through 2006, 11.3% this past year, increasing the population to 23,500.

Redmond's growth is fueled by employment, omparativelyower cost of living, and great quality of life. There are some great buys to be picked up in Redmond right now. Bank Foreclosures make up a good part of the market. There is a lot of money to be made by the savvy investor/home owner who buys a home this year.
Population
Redmond has approximately one-half the area within its urban growth boundary as Bend, yet it currently has one-third the population. The city also lies at the approximate geographic center of the region with no more than a 30 minute drive to all communities in the region with the exception of La Pine. It's no wonder that Redmond continues to be one of Oregon's fastest growing cities.

Population
2008 2007 2006 2005 2004 2003 2002 1995
Deschutes County 167,015 160,810 152,615 143,481 135,450 130,500 126,500 89,500
Redmond 25,445 24,805 23,500 21,110 18,100 17,450 16,110 9,650
Source: Portland State University - Center for Population and Census
Population Projections
2010 2015 2020 2025 % Growth 2005-2025
Redmond 27,873 34,795 41,051 47,169 119%
County Total
164,399 185,965 208,073 228,739 61%
Source: Deschutes County Coordinated Population Forecast

As with the region as a whole, Redmond's population expansion is due to high rates of in-migration. School enrollment growth is an indicator as to the demographics of new residents - many are young families that may work in the community, Bend, or another area of the region, but which choose Redmond as the place to live.

Below is an overview of how Redmond's population has changed over the last decade:

Redmond Population Changes: 1990-2000

1990 2000
Population 7,163 13,481
Median Age 33.8 32.7
under 18 27.4% 29.6%
Age 62 and up 18.9% 15.2%
White/non-hispanic population 95.3% 91.1%
Hispanic 2.8% 5.5%
Education for age 25+
High school degree or more 75.2% 85.3%
Bachelors degree or more 12.5% 14.9%
Veterans 16.3% 14.6%
Median household income $ 23,383 $ 33,701
Poverty rate
Families below poverty line 12.1% 6.6%
Individuals below poverty line 13.6% 9.7%
Owner-occupied housing 60.0% 61.0%
Renter-occupied housing 40.0% 39.0%
Median rent $ 380 $ 606
Median mortgage payment $ 556 $ 966
Source: U.S. Census Bureau
Redmond Oregon Real Estate