Is Redmond a good market for rental property investment?

Redmond is one of Central Oregon's strongest value plays for rental investors. The city has grown over 17% since the 2020 census and now has a population of roughly 39,500, with employment growing nearly 5% year-over-year. Median home prices sit around $460,000 to $500,000, well below Bend's $675,000+, which means better acquisition costs and stronger potential cash flow. For those looking for a value play with strong equity potential, Redmond is a great market to invest.

How does Redmond's rental market compare to Bend and Sisters?

Redmond offers lower entry costs and better cash-flow potential than Bend or Sisters. Median home prices are roughly $200,000 less, while rents are only 10-20% lower. Redmond also has a higher share of family renters (52% of rentals are families, with 37% including children), which tends to mean longer tenancies. The tradeoff is more modest appreciation compared to Bend's. Bend commands the highest rents and deepest tenant pool but comes with more competition from new multifamily inventory. Sisters is a small, niche market with tight inventory and low vacancy but a smaller applicant pool.

How do you determine the rental price of my Redmond home?

We perform a thorough rental analysis of your Redmond property viewing local rental comps, neighborhood trends, seasonality, and property condition to determine a market-accurate rate. Our goal is to find the perfect balance between strong cash flow and low vacancy.

How long does it take to fill a vacancy in Redmond?

A well-priced, well-maintained rental typically leases within 2 to 4 weeks. Timing depends on property condition, price point, and season. Redmond's tenant pool includes a high percentage of families, so three-bedroom homes tend to move quickly. Late fall and winter can be slower, just like anywhere in Central Oregon.

Who are the typical tenants in Redmond?

Redmond's tenant pool skews toward working families and individuals employed in construction, manufacturing, healthcare, trade, and administrative roles. The median age is 36, and the largest renter age group is 25-34. Three-bedroom units make up 47% of the rental market, reflecting strong family demand. You'll also see tenants who work in Bend but choose Redmond for its lower cost of living, as well as employees of the Redmond Municipal Airport and surrounding businesses.

I live out of state. Can you manage my Redmond rental remotely?

Absolutely! Many of our clients are out-of-state investors who choose Redmond for its affordability and cash-flow potential. We handle everything on the ground, provide regular updates through your owner portal, and communicate proactively when decisions need your input. Oregon's complex legal landscape and Bend's distance from major metros make professional management especially valuable for remote owners.

How is Legacy Property Management different from other property managers in Redmond??

We are data-driven and investor-focused. We are investors in Central Oregon and share our knowledge and understanding of the Redmond market with our owners. We live and invest here. We know the neighborhoods, the seasonal rhythms, and the vendor network that keeps properties maintained year-round. And we have a principle of "unreasonable service". In all of our actions, we go above and beyond.

How do you screen tenants?

We perform a thorough screening process to evaluate credit, monthly income, rental history, criminal background, and overall fit. We follow Oregon’s Fair Housing guidelines to ensure equal opportunity screening for every applicant.

How do you handle maintenance and repairs?

We coordinate all maintenance on your behalf using only licensed and insured Central Oregon vendors. For non-emergency repairs, we notify you before work is performed. For emergencies, we act quickly to protect the property and keep your tenants safe — then notify you promptly.

Can I switch to Legacy if I’m already with another Redmond property management company?

Of course! We regularly assist owners transitioning from other property management companies. We handle the lease transfer, tenant communication, and onboarding to make the process smooth with no disruption to your tenants.

Do you manage furnished or mid-term rentals in Redmond?

While our bread and butter is long-term rentals in Redmond, we can certainly evaluate your goals and advise whether long-term, mid-term, or furnished rentals make the most financial sense.

Do you manage short-term rentals in Redmond?

Unfortunately, no. We love the flexibility that STRs offer owners AND it requires a very different structure and toolset from a management perspective. We are happy to recommend a handful of trusted partners that can help with your STR.

Can I cancel my management agreement if I'm not satisfied?

Of course! We want everyone involved to be satisfied. After an initial period, you can cancel your agreement with written notice. Our goal is to earn your business every month through great service, not hold you in place through contract language.

How do I get started with Legacy?

Reach out and let's talk! We'll evaluate your property, provide a market-based rent estimate, walk through our services and fees, and answer any questions specific to your situation. Whether you're a first-time landlord or an experienced investor growing your Deschutes County portfolio, we're here to help. Contact Legacy Property Management to learn more about how we can help manage your Bend, Redmond, or Sisters rental property.

Free Redmond rental analysis

Two quick steps. No obligation, no sales pressure.

Prefer to talk it through? (541) 508-5815

Redmond Property Management

Name: Legacy Property Management
Rating: 5

What should your Redmond rental actually be earning?

Legacy is a locally owned and run Redmond property management company, built and operated by two local investors. Request a free rental analysis built from our proprietary rent-captured data and rental comps near your home. You get a recommended rent, a 12-month income projection, and what we’d do to get there. Usually back within one business day.

★★★★★ 5.0 from 30 Google reviews

Licensed & bonded in Oregon

Property Manager Lic. 201258923

50 doors under management

Across Deschutes County

Owner-operated, not a franchise

You talk to Steven or Kolby

One business day response

Our standard for every owner

We put it in writing

Five Redmond property management guarantees

Legacy Property Management backs its Redmond property management service with five guarantees, all written into our management agreement, and sent with your free rental analysis before you sign.

No Rent, No Fee Guarantee

Our 8% fee is charged only on collected rent. A vacant month costs you nothing.

Data-Backed Rent Guarantee

Every rent analysis comes with comps. Renewal reviews arrive 120 days before lease end.

No Hidden Fees Guarantee

8% of collected rent and 50% of one month's rent to place a tenant. Nothing else, and no maintenance markups.

Easy Switch Guarantee

Send one email. We handle the rest and credit up to $500 of your old manager's exit fee.

Cancel Anytime Guarantee

No 12-month lock-in. Cancel with 30 days' notice and no termination fee.

Read the full terms before you sign anything.

We send the full management agreement with your rental analysis, before you commit.

The Redmond numbers, August 2026

The Redmond Rental Market Right Now

Redmond house asking rents held near $2,500 in August 2026, about 7% below last August's peak, while the number of houses for rent doubled from 26 to 52 in four weeks. Days on market fell to 51 because so many listings are new, not because leasing sped up. Fall renewals should be signed now, and vacant houses priced against real competition.

$2,418

Average in-place rent, single-family homes in Redmond

Redmond Rental Market, August 2026

51 days

Average days on market, current Redmond listings

Redmond Rental Market, August 2026

$480,000

Median SFH sale price in Redmond, Oregon

Beacon Report, August 2026 sales

+3.3%

Change in Redmond house asking rents from last month

Redmond Rental Market, August 2026

+1.3% population growth in Deschutes County in 2025, versus +0.4% statewide.

Unemployment 4.8% (Oregon 5.3%) · Jobs +0.4% year over year

Population is growing more than three times faster than jobs, which keeps rental demand steady.

How we actually manage

Six things our Redmond property management does differently

Rents priced off your street

We price from recently leased comps within a tight radius of your home, not a city average. A house on the canyon rim above Dry Canyon and one out in Terrebonne are different rentals.

Your Redmond rental, tracked monthly

Every month, you get a report on what homes like yours are renting for, plus our published Bend, Redmond, and Sisters market reports. You’ll know the moment your rent falls behind the market.

A live asset dashboard

Log in anytime to see your property’s equity, rent collected, expenses, and performance. Monthly statements reconcile, and year-end 1099s are ready for your CPA and lender.

Strategy, not just rent collection

We invest in Central Oregon too, so we run the numbers behind your next move: rent vs. sell comparisons, upgrade ROI, and purchase analysis. Free for every owner we manage.

Direct access to the owners

Call or text and you reach Steven or Kolby, not a call center. Owner messages get a reply by the next business day, and emergencies are handled 24/7.

Maintenance on Redmond's calendar

We schedule work before Redmond’s seasons force it: irrigation blowouts timed to the Central Oregon Irrigation District’s Pilot Butte Canal shutoff in mid-October, freeze prep, gutter and defensible-space cleanup before fire season, and annual HVAC service. Twice-yearly inspections catch small problems early.

What Redmond owners say

      EXCELLENT  
   Based on 30 reviews 
    
 
 
 
   
 
 
      Posted on Google  
   
   Holly Richardson 
 19 days ago
 
 
 Trustindex verifies that the original source of the review is Google. Kolby was an answer to prayers. From the first call about a home to rent to the finalizing of documents, he had such positive energy! He took care of our needs quickly and assured us he would be around for the long haul if we needed him. I highly recommend working with Kolby AND knowing him. 😊 You won't be disappointed!
  
 
     Posted on Google  
   
   Jan Norris 
 22 days ago
 
 
 Trustindex verifies that the original source of the review is Google. I couldn't be happier with Colby, great communication, always able to get a hold of him, and attention to what I needed.  He's my go to now.
  
 
     Posted on Google  
   
   Sarah Billeter 
 26 days ago
 
 
 Trustindex verifies that the original source of the review is Google. Kolby and his team were excellent partners to work with from the first steps of introducing my client to a positive ongoing professional property management of their home. Kolby found excellent tenants and my clients couldn’t be more pleased. I will definitely work with this team for all my property management needs and future client referrals.
  
 
     Posted on Google  
   
   Jill Johnson 
 52 days ago
 
 
 Trustindex verifies that the original source of the review is Google. We have been working with Kolby & Steven at Legacy Property Management for the last couple of months. They thoroughly explained the process of getting our property ready for renting, arranging for any needed services and were accurate with the cost estimate of the services that were provided. They were in constant communication regarding tenant interest, showings and applications which was greatly appreciated. We were able to get a qualified tenant into our property in just a couple of weeks. They continue doing a great job communicating with us via phone, text and email  and are very responsive to any questions or concerns that we have. We are extremely happy we chose Legacy Property Management to manage our central Oregon property.
Kelly & Jill
  
 
     Posted on Google  
   
   Kim Gilchrist 
 55 days ago
 
 
 Trustindex verifies that the original source of the review is Google. Kolby and his team are professional, personable and highly knowledgeable. Thanks so much for your help!
  
 
     Posted on Google  
   
   Natalie Collier 
 55 days ago
 
 
 Trustindex verifies that the original source of the review is Google. This is our 3rd rental in Bend and by far the most pleasant experience we’ve ever had! Kolby was kind, honest and informative and showed genuine care + consideration for our family in helping us get settled and making sure the home was in excellent shape. Highly recommend Legacy!
  
 
     Posted on Google  
   
   Jackson Stall 
 63 days ago
 
 
 Trustindex verifies that the original source of the review is Google. Kolby at Legacy Property Management has been an incredible resource. As new real estate investors in Central Oregon, we had a lot of questions, and he has been generous with his time, knowledge, and expertise every step of the way.

He provided detailed rental analyses, helped us understand what remodels would add the most value and increase rental income, and was always willing to answer our questions without making us feel rushed. His professionalism, responsiveness, and investor-focused approach have given us a lot of confidence as we get started.

If you’re an investor looking for a knowledgeable, responsive property management team in Central Oregon, I highly recommend reaching out to Kolby and the team at Legacy Property Management. We’ve been extremely impressed with the level of service and look forward to working with them for years to come.
  
 
     Posted on Google  
   
   Jenna Jacobsen 
 64 days ago
 
 
 Trustindex verifies that the original source of the review is Google. As a Realtor, I was in a time crunch trying to get rental comps together for a transaction I was working on, as they were needed by the lender. I called several property management companies around 5:00 p.m. on a Friday, and Kolby answered.

He was incredibly helpful, kind, and immediately offered to put a rental comp analysis together for me. Even more impressive, he had everything completed and sent to me early Saturday morning.

His responsiveness, professionalism, and willingness to go above and beyond truly saved the day. If this is how they treat someone who isn't even a client, I can only imagine the level of service they provide to their owners and tenants. Highly recommend this company, and a huge thank you to Kolby!
  
 
     Posted on Google  
   
   Kyle Bodnyk 
 66 days ago
 
 
 Trustindex verifies that the original source of the review is Google. I was thinking about renting my property but knew very little about how the numbers play out. Kolby was very helpful, he created a quantitative report showing analysis of all of my options, and didn't try to persuade me one way or the other.
  
 
     Posted on Google  
   
   Sean O'Connor 
 105 days ago
 
 
 Trustindex verifies that the original source of the review is Google. Kolby and team have been very pleasant to interact with. They ensured a smooth move-in. He even was able to troubleshoot some minor issues without needing to call in support during the walkthrough. Several months in and he’s been very responsive, getting back to requests generally within a day and waisting no time scheduling a technician or contractor to come by to resolve the issue whether it’s related to lighting, wasps, irrigation system, etc. The benefits are clear working with a small team rather than a big corporate property management company when your landlord hires someone like Legacy Property Management.

Pricing, in public

Redmond property management pricing: 8% flat, published

Central Oregon’s full-service management market runs 8–10%. We sit at the bottom of it and put every line item on this page, so you can compare us properly before you ever pick up the phone.

On a $2,500/month Redmond rental, 8% is $200 a month, so you keep $27,600 of the $30,000 it earns in a year. If we lease it two weeks faster than the alternative, the fee has already paid for itself.

Full-service management

Monthly management fee

8% of rent collected

Tenant placement

50% of first month’s rent

Onboarding / setup fee

Included

Lease renewal

Included

Professional photos & listing syndication

Included

Maintenance coordination

Included

Cancellation fee

$0, always

Already with a Redmond property manager?

Most owners stay put because switching sounds like a nightmare. It isn’t. We do all of it. You send one email to your current manager and we handle notice, records, keys, deposits, tenant introductions and the accounting handover. Most transfers close inside 30 days with no vacancy.

Locally owned

Steven Kaufman & Kolby Knickerbocker

We own rentals in Central Oregon, which is the whole reason Legacy exists. We got tired of managers who treated our rentals like a task list instead of an asset with a return attached to it. When you call, you get one of us; not a call center, not a regional manager three states away.

Redmond property management FAQs, answered straight

What does property management cost in Redmond?

Legacy Property Management charges 8% of monthly rent for full-service property management in Redmond, and the rest of our fees are published right here on this page. When you compare Redmond property managers, put the monthly percentage and the fee for placing a new tenant side by side. Looking at only one of them can make a more expensive company look cheaper.

What is the average rent for a single-family home in Redmond, Oregon?

Redmond houses listed for an average of $2,500 a month in August 2026, according to Legacy Property Management’s monthly Redmond rental market report. Tenants already in their leases average $2,418 across Redmond, since their rent reflects the market when they signed, not today’s listings. Where your home lands depends on bedrooms, neighborhood, condition, and whether it has a yard or garage. Send us the address and we’ll tell you where your specific home lands.

How long do rental homes stay on the market in Redmond?

Redmond rentals still looking for a tenant in August 2026 had been listed for an average of 51 days. Keep in mind that number only counts homes that haven’t rented yet. Homes that lease drop off the list, so it isn’t a measure of how long a typical lease-up takes. What you control decides which group your home ends up in: the price, the condition, and how it’s marketed.

Are rents going up or down in Redmond?

Redmond house rents moved -7.1% over the past year and +3.3% from the month before, putting the average asking rent at $2,500 in August 2026. We’d put more weight on the yearly number. Month to month, rents swing with the season and with whichever homes happen to be listed.

Is Redmond a good place to invest in rental property?

Here’s the simple math on August 2026 numbers: a Redmond house bought at the median price of $480,000 and rented at the average asking rent of $2,500 grosses about 6.3% a year, before expenses, financing, and vacancy. The same math comes out to 5.3% in Bend and 4.6% in Sisters. The market is only half the picture, though. Your down payment, interest rate, and how long you plan to hold decide whether Redmond works for you. Compare Redmond and Bend for rental investment.

What is the rental vacancy rate in Redmond, Oregon?

About 2.3% of Redmond’s single-family rental homes were listed as available in August 2026, with 52 houses on the market. We call that the listed availability rate rather than a vacancy rate, and the difference matters. Some listed homes still have a tenant moving out, and some empty homes never get advertised. It’s a useful monthly gauge of how much competition your rental will face.

What is the median home price in Redmond, Oregon?

The median Redmond house sold for $480,000 based on August 2026 sales, according to the Beacon Report. If you’re deciding whether to sell or rent, set that next to Redmond’s average asking rent of $2,500 a month and your own mortgage terms. That comparison is usually where the answer starts.

How does rent in Redmond compare with Bend and Sisters?

In August 2026, Redmond houses listed for an average of $2,500 a month, compared with $3,200 in Bend and $2,600 in Sisters, based on our monthly reports for each town. Redmond usually lists below Bend while homes here cost meaningfully less to buy, which is the whole case for owning on this side of the highway. About 2.3% of Redmond’s rental houses were listed as available, versus 3.1% in Bend.

Can you manage my Redmond rental if I live out of state?

Absolutely. Out-of-area owners make up a large share of the Redmond homes we manage. Our office is in Bend, about 20 minutes down the highway, and we work Redmond every week, so showings, inspections, and repairs are all handled locally. You’ll get a real-time owner dashboard, direct deposit, and photos at move-in, move-out, and every inspection. Plenty of our owners have never seen their property in person.

How much can I make renting out my house in Redmond?

At Redmond’s average asking rent of $2,500 a month in August 2026, a house brings in about $30,000 a year in rent. After Legacy Property Management’s 8% fee, that’s roughly $27,600, before your mortgage, property taxes, insurance, maintenance, leasing costs, and any weeks between tenants. Your own number depends on what your specific home will rent for, which is exactly what our free rental analysis shows.

Find out what your Redmond rental should be earning.

No obligation, no pressure, and we’ll send the management agreement along with it so you can read the guarantees yourself.

Call or text

(541) 508-5815

info@legacypropertymanagement.com

Redmond Property Management

What should your Redmond rental actually be earning?

Five Redmond property management guarantees

No Rent, No Fee Guarantee

Data-Backed Rent Guarantee

No Hidden Fees Guarantee

Easy Switch Guarantee

Cancel Anytime Guarantee

Read the full terms before you sign anything.

The Redmond Rental Market Right Now

Six things our Redmond property management does differently

Rents priced off your street

Your Redmond rental, tracked monthly

A live asset dashboard

Strategy, not just rent collection

Direct access to the owners

Maintenance on Redmond's calendar

What Redmond owners say

Redmond property management pricing: 8% flat, published

Full-service management

Already with a Redmond property manager?

Steven Kaufman & Kolby Knickerbocker

Redmond property management FAQs, answered straight

What does property management cost in Redmond?

What is the average rent for a single-family home in Redmond, Oregon?

How long do rental homes stay on the market in Redmond?

Are rents going up or down in Redmond?

Is Redmond a good place to invest in rental property?

What is the rental vacancy rate in Redmond, Oregon?

What is the median home price in Redmond, Oregon?

How does rent in Redmond compare with Bend and Sisters?

Can you manage my Redmond rental if I live out of state?

How much can I make renting out my house in Redmond?

Find out what your Redmond rental should be earning.

Start your free analysis