Why Live in Overlake
Overlake in Redmond is a key employment hub in the Puget Sound region, blending corporate, retail, and residential areas. The neighborhood features the Microsoft campus with public green spaces and trails. Proximity to Microsoft is a major benefit, with some residents within walking distance, though most people drive. Microsoft also offers a transportation network with shuttles, buses, and the Global Commute Service. Nintendo of America also has its headquarters here, and nearby Bel-Red hosts facilities for Meta, Amazon, and Coca-Cola. Overlake is well-connected with a pedestrian and bicycle bridge over state Route 520, linking to the Redmond Technology Center light rail station, and the Overlake Village Station. State Route 520 and local bus routes provide additional commuting options. Downtown Bellevue is about 6 miles away, and Seattle is approximately 15 miles.
Residential areas north of 40th Street offer views of the Cascade Mountains and a suburban feel with cul-de-sacs and limited through traffic. Housing options range from single-family homes to townhouses and condos. Public schools in Overlake are highly rated, including John J. Audubon Elementary, Rose Hill Middle, and Lake Washington High School. Jing Mei Elementary offers a dual-language Chinese immersion program, and Tesla STEM High School is a top-rated magnet school.
Dining and retail options are concentrated south of the Microsoft campus, with eateries like Dosa House and Dough Zone Dumpling House. Grocery shopping includes Fred Meyer and Trader Joe's, while larger shopping centers like Bellevue Square and Redmond Town Center are a short drive away. Parks such as Westside Park and Marymoor Park provide recreational opportunities, with trails, a zipline, and a dog park. Idylwood Park offers beach access and boating on Lake Sammamish.
Frequently Asked Questions
Is Overlake a good place to live?
Overlake is a good place to live. Overlake is considered car-dependent and somewhat bikeable with good transit options. Overlake is a suburban neighborhood. Overlake has 6 parks for recreational activities. It is somewhat dense in population with 7.1 people per acre and a median age of 34. The average household income is $159,870 which is above the national average. College graduates make up 75.5% of residents. A majority of residents in Overlake are renters, with 78.5% of residents renting and 21.5% of residents owning their home. A
local real estate agent serving Overlake can help you decide if this neighborhood is the right one for you. Learn more on our
Overlake neighborhood guide.
How much do you need to make to afford a house in Overlake?
The median home price in Overlake is $1,425,000. If you put a 20% down payment of $285,000 and had a 30-year fixed mortgage with an interest rate of 6.26%, your estimated principal and interest payment would be $7,030 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $301K a year to afford the median home price in Overlake. The average household income in Overlake is $160K.
What are the best public schools in Overlake?
The best public schools that serve Overlake are:
- Redmond High School has an A+ Niche grade, a student teacher ratio of 21:1 and an average review score of 3.9.
- Interlake High School has an A Niche grade, a student teacher ratio of 1604:1 and an average review score of 3.8.
- Lake Washington High School has an A Niche grade, a student teacher ratio of 21:1 and an average review score of 3.7.
What are the best private schools in Overlake?
The best private schools that serve Overlake are:
What are the most popular zip codes in Overlake, Redmond, WA?
What are the most popular neighborhoods near Overlake, Redmond, WA?
Home Trends in Overlake, WA
On average, homes in Overlake, Redmond sell after 20 days on the market compared to the national average of 52 days. The median sale price for homes in Overlake, Redmond over the last 12 months is $1,400,000, down 8% from the median home sale price over the previous 12 months.
Median Sale Price
$1,400,000
Median Single Family Sale Price
$1,610,000
Median Townhouse Sale Price
$635,000
Median 2 Bedroom Sale Price
$690,000
Median 1 Bedroom Sale Price
$480,000
Average Price Per Sq Ft
$718
Number of Homes for Sale
8
Last 12 months Home Sales
47
Median List Price
$1,425,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-8%
