What Does $500K–$600K Buy You in Redmond Right Now?

When buyers tell us their budget is somewhere between $500,000 and $600,000, we often suggest they take a serious look at Redmond. Not as a consolation prize, but as a genuine opportunity that Bend can't match at this price point.

Redmond has changed. It's not the afterthought it might have been ten years ago. It has its own dining scene, a growing downtown, a new hospital, a busy regional airport, and neighborhoods that are genuinely nice places to live. And in the $500K–$600K range, you can buy a home there that would cost considerably more in Bend.

Here's what that range actually looks like in Redmond right now.

New construction and near-new homes

Some of the best value in this range comes from newer construction in Redmond's growing subdivisions, neighborhoods like Sego Estates, Maple Meadows, Hawley Estates, and Sunrise Meadows. At $500K–$600K, buyers are finding three-bedroom homes built between 2019 and 2024, with open floor plans, two-car garages, and finishes that don't need work.

These homes are purpose-built for today's buyers, energy efficient, low-maintenance, and on standard lots that give you a real yard without an overwhelming amount of upkeep.

Established neighborhoods with more square footage

In established Redmond neighborhoods, this budget can stretch to 1,700–2,000+ square feet, often on larger lots. Homes built in the 1990s and early 2000s in areas like The Cliffs or Summerfield often offer more space per dollar than anything comparable in Bend, though they may need some updating.

For buyers who want more room and are willing to put some work in, this can be an excellent outcome.

The Eagle Crest exception

We'd be remiss not to mention Eagle Crest again here. In the $500K–$600K range, buyers in Eagle Crest can find single-family homes with resort amenities included, golf, pools, walking trails, that would be impossible to access at this price point in Bend's westside or downtown-adjacent neighborhoods.

If short-term rental income is part of your plan, Eagle Crest has an established STR history and a proven rental market, both worth understanding before you buy anywhere in Central Oregon.

The Bend comparison

For context: in Bend at $500K–$600K, buyers are typically looking at smaller square footage, older homes that may need updating, or condos and townhomes rather than single-family properties. Redmond gives you more house, more land, and more optionality, with a 20–25 minute drive to Bend's amenities.

For the right buyer, that tradeoff is an easy one.

Is Redmond right for you?

Not every buyer wants to be in Redmond, and that's valid. But for buyers who are open to it, the value proposition right now is genuinely compelling. We work extensively in both markets and we'll give you a straight answer about which fits your priorities better. Reach out and let's run through it.