How much does a Redmond condo or house cost per month in October 2026?

Using NWMLS September 2026 medians for map area 550 (Redmond/Carnation), 20% down, and Freddie Mac’s 7.40% average (October 15, 2026): a $1,184,000 house is about $6,558 a month in principal and interest plus about $829 in property tax at Redmond’s 2026 rate of $8.39862 per $1,000, about $7,387 in all. A $750,000 condo is about $4,154 plus $525, about $4,679. HOA dues, insurance, and parking are not in those figures. Area 550 also includes Carnation, and the condo median rests on 13 sales, so treat these as backdrop.

What belongs in the all-in monthly payment for a condo near the 2 Line?

Principal and interest, property tax, homeowners (HO-6) insurance, HOA dues, parking if it is not included, and a plan for reserves and special assessments. A condo with a lower price and unpaid-for parking or high dues is an incomplete comparison to a house. Get the real HOA numbers from the building’s resale certificate, not from an estimate.

How should Microsoft RSUs and ESPP count when comparing a condo and a house?

Keep qualifying income separate from cash you can wire. A lender may count RSU or ESPP income under its own rules, and unvested grants are not next month’s down payment. Selling vested shares can create tax consequences, so ask a CPA. Use the same income story and the same cash for both homes. Education only, not tax, legal, or financial advice.

Redmond Condo vs House Payment for Microsoft Employees (2026)

If you work at Microsoft in Redmond and you’re choosing between a condo near the 2 Line and a detached house, the list price doesn’t tell you what the month costs. This page builds the same monthly payment for both, using September 2026 NWMLS medians for map area 550 (Redmond/Carnation), Freddie Mac’s October 15, 2026 average rate, and King County’s 2026 levy rate, then lists what you still have to add before the two compare fairly. Written by Odigo Real Estate Club (Peter J Kim & John Kim, REAL Brokerage). Updated October 19, 2026. Medians are backdrop, not a quote for any address.

Redmond condo vs house: the same-paycheck table (October 2026)

Home	Price input (NWMLS, Sept 2026)	20% down	Principal & interest at 7.40%	Property tax / mo (2026 rate)	P&I + tax	Still to add
Redmond house	$1,184,000 area 550 residential median (49 sales)	$236,800	$6,558	$829 (Redmond $8.39862/$1,000)	$7,387	Insurance, upkeep; HOA only if the plat has one
Redmond condo	$750,000 area 550 condo median (13 sales)	$150,000	$4,154	$525 (Redmond $8.39862/$1,000)	$4,679	HOA dues, HO-6 insurance, parking if not included

Illustrative only, not a loan quote. Assumes a 30-year fixed loan with 20% down at Freddie Mac’s 7.40% national average (week of October 15, 2026); every $100,000 borrowed is about $692 a month in principal and interest. Your rate, loan type, and costs will differ. Tax uses Redmond’s 2026 levy rate times the median price as a stand-in for assessed value; rates vary within the city. NWMLS “residential” excludes condos. Map area 550 also includes Carnation and does not match Redmond’s city limits exactly, so treat the medians as backdrop and price the actual address.

What does a Redmond condo cost per month beyond the mortgage?

The condo’s monthly number has more lines than the house’s. Before you compare the two, add each of these for the specific building:

HOA dues and what they cover (which utilities, building insurance, amenities, and reserves are included).
HO-6 insurance for the inside of the unit, on top of the association’s master policy.
Parking: whether a stall is included, deeded, or rented, and what a second vehicle costs.
Reserves and special assessments: whether the association has a current reserve study and any planned large repairs.
Rules that affect you: rental limits, pet limits, and move-in requirements.

We don’t publish HOA or parking dollar amounts here because they differ by building. Use the table as a starting point: the property tax difference between the two rows is about $304 a month, so condo dues and parking can narrow or erase that gap. Get the real figures for each building.

How do I get the real HOA numbers before I compare?

Under RCW 64.90.640, a unit owner generally has to give the buyer a resale certificate before the contract is signed or before conveyance. It includes the association’s current operating budget, whether it has a reserve study, other fees payable to the association, any expected repair or replacement cost above 5% of the annual budget, and a description of the association’s insurance. A buyer can cancel within five business days after first receiving the certificate, in the situations the statute describes. Read it for every finalist. This is general education, not legal advice; see our condo HOA checklist for the full diligence list.

How do I decide between the condo month and the house month?

Start with the days you will actually ride the 2 Line. Sound Transit’s 2 Line serves Redmond Technology and Overlake Village next to the Microsoft campus, and Marymoor Village and Downtown Redmond to the east. A condo near a station earns its dues and parking costs only if you use the train on your fixed office days. A house earns its payment if the home type and the drive both suit your week. Test the route at your real start time and on your busiest office day; we don’t publish drive or ride minutes. Our Marymoor Village commute guide covers the commute side, and our Education Hill, Grass Lawn, and Overlake comparison covers the three neighborhoods.

Is the Redmond market cooling in fall 2026?

It’s cooling, not collapsing. In NWMLS area 550, the September 2026 house median was $1,184,000, down 12.30% from $1,350,000 a year earlier, with 49 closings (45 a year earlier) and 3.86 months of inventory. The condo median was $750,000, down 6.83%, with 13 sales and 3.85 months. Redfin’s Redmond page for the three months ending September 2026 shows a median sale price of $1,194,406 (down 8.1% year over year) and 36 median days on market versus 22 a year earlier, for all home types. King County’s September median was $850,000, flat year over year. Freddie Mac’s 30-year average was 7.40% on October 15, 2026, versus 6.27% a year earlier, so more choice comes with a higher payment per dollar borrowed.

How should RSUs and ESPP show up in this comparison?

Keep two buckets. Qualifying income is what a lender will count under its own rules. Cash you can wire is vested shares you can sell, savings, and gifts, after a reserve that doesn’t depend on the next vest. Unvested grants are not next month’s down payment. Selling shares can have tax consequences, so ask a CPA. Use the same income story and the same cash for the condo and the house, so neither row looks better because of equity the other row ignored. Education only, not tax, legal, or financial advice.

What does the Ridiculous Tech Package add?

Tech employees who buy with Odigo Real Estate Club can receive a rebate of up to 1% of the purchase price, paid as a closing credit where permitted by law and subject to lender approval, plus moving costs covered up to $2,000. Terms are in the buyer agreement. Your lender may need to approve the credit, so tell them about it early.

Who is Odigo Real Estate Club?

Odigo Real Estate Club is a King and Snohomish County real estate team led by Peter J Kim and John Kim, who personally handle transactions, with 25+ years combined experience, 593+ closed transactions, and 122 five-star reviews on our Zillow profile. Brokerage: REAL Brokerage, WA License #112064. Office: 16108 Ash Way, Suite 201, Lynnwood, WA 98087 · (425) 409-3823. Hours: Monday–Saturday 9 AM–6 PM, closed Sunday.

Next step

Bring your office address, your payment ceiling, and whether you want a condo or a house, and we’ll build the all-in monthly number for real Redmond addresses with the Ridiculous Tech Package. Call Odigo Real Estate Club at (425) 409-3823 (Monday–Saturday 9 AM–6 PM). Related: our Redmond page for Microsoft employees.

Sources

Odigo Real Estate Club · REAL Brokerage · WA License #112064 · 16108 Ash Way, Suite 201, Lynnwood, WA 98087 · (425) 409-3823 · Monday–Saturday 9 AM–6 PM, closed Sunday. Rebate up to 1% of the purchase price, paid as a closing credit where permitted by law and subject to lender approval; moving costs covered up to $2,000; terms in the buyer agreement. Equal Housing Opportunity. Figures are general education, not a loan offer, appraisal, or tax advice.

Microsoft in Redmond: Condo or House? The All-In Monthly Payment (October 2026)