ZIP Code · OR

ZIP 97756

Part of Redmond, OR

Pop. 44,914·Deschutes County·21st most expensive ZIP in Oregon

Median rent (all units)

$1,984/mo

Year-over-Year

+2.9%

Month-over-Month

-0.6%

vs US Median

+$52

Reported rents

Falling (Monthly)

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Most AffordableMost Expensive

ZIP 97756 · $1,984

More expensive than 61% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$1,200

1 BR

$1,210

2 BR

$1,570

3 BR

$2,180

4 BR+

$2,630

Research median

$1,570/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: October 17, 2026

From the history

What the numbers show

Compared with the peak

Rent in ZIP 97756 is 0.8% below its high of $2,000 in June 2026, at $1,984 as of September 2026.

Past year vs. the rest of Oregon

Rent in ZIP 97756 changed +2.9% over the year to September 2026. Across the 106 Oregon ZIP codes Zillow tracks, the typical change was +1.6%.

Recent direction

Rent has fallen 2 months in a row, and rose in 8 of the last 12 months.

What a typical income covers

30% of the median household income ($87,278) is $2,182 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($2,180); a 4-bedroom is $2,630.

From Zillow's monthly rent index (ZORI) for ZIP 97756. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$23,808/yr

At $1,984/mo median

Location

CityRedmond

StateOR

CountyDeschutes County

Rent Market Meter

Balanced Market

Renter's MarketBalancedLandlord's Market

Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.

Based on rent-price momentum (+2.9% YoY, -0.6% MoM), not inventory.

Demographics

Who lives here

ZIP 97756 (Redmond, OR) is majority owner-occupied, 33.1% of residents hold a bachelor's degree or higher.

Population

44,914

Median income

$87,278

Median age

38.7

Renters

30.8%

Age distribution

21.3%

22.2%

25.1%

12.9%

18.6%

Under 1821.3%

18–3422.2%

35–5425.1%

55–6412.9%

65+18.6%

Gender

47.9%

52.1%

Male47.9%

Female52.1%

Race & ethnicity

87.1%

13.2%

White87.1%

Hispanic13.2%

Asian1%

Education (25+)

27.2%

33.9%

33.1%

No HS diploma5.8%

HS diploma27.2%

Some college33.9%

Bachelor's+33.1%

Housing tenure

69.2%

30.8%

Owner69.2%

Renter30.8%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2022 vs 2026

How ZIP 97756 in Redmond, OR has changed in 5 years

Rent

$1,673 → $1,984

up 18.6%

Income

$71,415 → $87,278

up 22.2%

Population

42,180 → 44,914

up 6.5%

Renter share

30.8% → 30.8%

+0.0 pts

Bachelor's+

26.3% → 33.1%

+6.8 pts

Median age

39.7 → 38.7

-1.0 yrs

Compared with 2022, rent in ZIP 97756 in Redmond, OR has climbed by $311 per month, settling near $1,984 after starting the period at $1,673. Median household income grew from $71,415 to $87,278 between 2021 and 2024, a 22.2% shift. Income growth outran rent by about 3.6 percentage points, easing the affordability math somewhat compared with 2021. Headcount in the area went from 42,180 to 44,914 between 2021 and 2024, a 6.5% change. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 26.3% to 33.1%. Taken together, the five-year picture in ZIP 97756 in Redmond, OR reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.

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About renting in ZIP 97756

Last updated: October 17, 2026

ZIP code 97756 covers Redmond, OR. The median rent here is $1,984/mo as of October 2026. A 1-bedroom rents for a median of $1,210/mo. A 2-bedroom rents for a median of $1,570/mo.

At 27% of local median household income ($87,278/yr), ZIP 97756 ranks as affordable compared to the national benchmark of 30%. Rents have increased 2.9% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 97756?

To keep rent at or below 30% of gross income, you would need to earn at least $79,000/year (about $38/hour full-time) to afford the median rent of $1,984/mo in ZIP 97756. The local median household income is $87,278/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 97756?

Rent in ZIP 97756 has risen 2.9% over the past year as of September 2026. It sits 0.8% below its high of $2,000 in June 2026.

How does ZIP 97756 compare to other ZIPs in Oregon?

ZIP 97756 is one of the pricier among Oregon ZIP codes for rent, ranking #21 of 114 at $1,984/mo. Over the year to September 2026, rent in ZIP 97756 changed +2.9%, against a typical +1.6% across the 106 Oregon ZIP codes Zillow tracks.