Redmond, WA
Rental property insurance for Redmond landlords
Coverage for rental homes and 2–4 unit buildings in Redmond, with local Census housing data. A quote is not a binder.
Owners who rent out property in Redmond, King County, are working in a market where 57% of occupied homes are rentals. The city counts about 82,195 residents; Washington as a whole has a renter share of 36%.
Key housing figures for Redmond, WA
| Measure | Redmond | Washington |
|---|---|---|
| Renter-occupied homes | 57% (18,798) | 36% |
| Median owner-occupied home value | $1,167,800 | $564,600 |
| Median gross rent | $2,409/mo | $1,760/mo |
| Median year structure built | 1993 | 1985 |
| Homes in 2–4 unit buildings | 8% | 6% |
| Single-family homes (detached or attached) | 44% | 66% |
Source: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates (tables B25003, B25077, B25064, B25035, B25024), retrieved via Census Reporter; population from U.S. Census Bureau, Vintage 2024 population estimates.
Insured value and premium context in Redmond
Redmond's median home value, roughly $1,167,800, gives a rough sense of what rentals here are worth; the state median is $564,600. For insurance, ask for a replacement-cost estimate on your specific building.
For context, the NAIC reported that Washington dwelling-fire policies insuring $1,000,000 and over averaged $795 a year in 2023, against a statewide dwelling-fire average of $886. Those are owner-occupied dwelling-form figures, not landlord quotes.
How much rent to protect in Redmond
With median gross rent near $2,409 per month, twelve months of interrupted income in Redmond comes to about $28,908 for a single unit. Multiply by your unit count when you size loss-of-rents coverage.
Older vs. newer rentals in Redmond
Redmond's median home dates to about 1993. Systems are often on their first or second replacement, so roof age and water heater age carry a lot of weight in pricing.
Redmond's mix of rental buildings
Roughly 44% of Redmond homes are single-family, 8% sit in small 2–4 unit buildings, and 47% are in larger apartment buildings. Owners of up to four units can generally use a dwelling fire policy.
Comparing Redmond to neighboring cities
Nearby Seattle reports 56% renter households and a $938,600 median home value, so proportionally fewer renters than Redmond. Bellevue has a renter share of 48% with homes valued around $1,340,300 at the median. In Kent, 43% of occupied homes are rented and the median value is $587,800. By renter share, Redmond is number 1 on our list of 30 Washington cities. Roughly 47% of homes in Redmond are in buildings of five or more units, the point where most owners move to commercial apartment policies.
Storm and hazard considerations in Redmond
In Redmond, think about earthquake, which standard dwelling forms exclude unless added first, then freezing pipes during cold snaps. Both appear frequently in Washington property claims and can change which policy form and deductible make sense.
Hazard themes reflect FEMA’s National Risk Index and NOAA’s Storm Events Database; check the index for your specific county.
Requesting coverage for a Redmond rental
- Construction year plus the age of the roof
- Lease type and whether the unit is ever empty
- Electrical, plumbing, and heating update years
- Current insurer and any losses in five years
- Mortgage company details, if financed
- Desired liability limit and loss-of-rents amount
- Property location in Redmond and unit count
Request a Redmond landlord quote
Questions from Redmond rental owners
What share of Redmond homes are rentals?
About 57% of occupied homes in Redmond, roughly 18,798 households, are renter-occupied according to the 2020–2024 American Community Survey.
Do Redmond landlords have to carry insurance?
No Washington law mandates it for Redmond owners, though lenders, HOAs, and property managers commonly require it.
How much does landlord insurance cost in Redmond?
It depends on the building, coverage, and deductible. For background, the NAIC reported a 2023 Washington dwelling-fire average of $886; see our Washington page for the full table.
Other Washington cities
Landlord insurance in Washington · Cost by state
Last updated October 15, 2026. Sources and method: how we research.