ZIP 98053
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12-month history
Last updated: October 17, 2026
What the numbers show
Rent in ZIP 98053 is at its highest level since Zillow's records here began in January 2022.
Rent in ZIP 98053 changed +2.2% over the year to September 2026. Across the 193 Washington ZIP codes Zillow tracks, the typical change was +2.5%.
Rent has risen 5 months in a row, and rose in 8 of the last 12 months.
30% of the median household income ($192,292) is $4,807 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($4,330); a 4-bedroom is $5,090.
ZIP 98052, 5 miles away, rents for 22% less ($2,563/mo), about $8,900 a year in savings.
From Zillow's monthly rent index (ZORI) for ZIP 98053. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
Who lives here
ZIP 98053 (Redmond, WA) is majority owner-occupied, has a large retiree population, has a median income above the national average, 72.7% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How ZIP 98053 in Redmond, WA has changed in 5 years
Five years ago, renters in ZIP 98053 in Redmond, WA paid around $2,844 a month. That figure now sits near $3,306, up 16.2% from the 2022 baseline. Median household income climbed from $160,208 to $192,292 between 2021 and 2024, a 20.0% shift. With wages climbing faster than rent over the same window, renters here have a bit more breathing room than they did five years back. Taken together, the five-year picture in ZIP 98053 in Redmond, WA 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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Tips for renters in ZIP 98053
Last updated: October 17, 2026
ZIP code 98053 covers Redmond, WA. The median rent here is $3,306/mo as of October 2026. A 1-bedroom rents for a median of $2,840/mo. A 2-bedroom rents for a median of $3,310/mo.
At 21% of local median household income ($192,292/yr), ZIP 98053 ranks as affordable compared to the national benchmark of 30%. Rents have increased 2.2% over the past year.
Frequently asked questions
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How does ZIP 98053 compare to other ZIPs in Washington?
How does ZIP 98053 compare to the rest of Redmond?
At $3,306/mo, rent takes ~21% of ZIP 98053's median household income ($192,292/yr). The standard benchmark is 30%.
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