Bend, OR Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Bend, OR Housing Market Trends

With a population of 100,421, 38,312 total housing units (homes and apartments), and a median house value of $553,111, Bend house prices are not only among the most expensive in Oregon, Bend real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Bend, accounting for 68.70% of the city's housing units. Other types of housing that are prevalent in Bend include large apartment complexes or high rise apartments ( 12.51%), duplexes, homes converted to apartments or other small apartment buildings ( 7.83%), and a few mobile homes or trailers ( 5.48%).

The most prevalent building size and type in Bend are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 59.57% owning and 40.43% renting.

There is a lot of housing in Bend built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Bend built between 2000 and later ( 41.54%). A lesser amount of the housing stock also hails from between 1940-1969 ( 6.17%). There's also some housing in Bend built before 1939 ( 4.87%).

Bend Home Appreciation Rates

In the last 10 years, Bend has experienced some of the highest home appreciation rates of any community in the nation. Bend real estate appreciated 171.86% over the last ten years, which is an average annual home appreciation rate of 10.52%, putting Bend in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Bend definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Bend that despite a nationwide downturn in the housing market, Bend real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Bend appreciation rates continue to be some of the highest in America, at 16.11%, which is higher than appreciation rates in 97.20% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Bend. Bend appreciation rates in the latest quarter were at 6.08%, which equates to an annual appreciation rate of 26.65%.

Importantly, NeighborhoodScout’s exclusive research found that Bend's housing market shows one of the <a href="/blog/highest-appreciating-cities">top real estate appreciation rates in the U.S.A.</a> in the latest quarter, which may signal the city’s near-future real estate investment strength.

Relative to Oregon, our data show that Bend's latest annual appreciation rate is higher than 90% of the other cities and towns in Oregon.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Bend differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Bend - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Bend real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$553,111

Bend, OR HOME PRICES

> $1,413,000
4.1%
4.1%
$1,060,001 - $1,413,000
4.4%
4.4%
$707,001 - $1,060,000
20.0%
20.0%
$565,001 - $707,000
18.5%
18.5%
$424,001 - $565,000
24.0%
24.0%
$282,001 - $424,000
17.8%
17.8%
$141,001 - $282,000
5.0%
5.0%
$70,001 - $141,000
2.9%
2.9%
$0 - $70,000
3.3%
3.3%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Very High for OR

Value Relative To Nation

Number Of Homes And Apartments:
38,312

Bend Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OR*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
198.52% 5.22%
10
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,134 / per month

Homeownership Rate

Owners
59.6%
59.6%
Renters
40.4%
40.4%
Vacant
8.6%
8.6%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
41.5%
41.5%
1970 - 1999
47.4%
47.4%
1940 - 1969
6.2%
6.2%
1939 or Older
4.9%
4.9%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
68.7%
68.7%
Townhomes
5.3%
5.3%
Small Apt. Buildings
7.8%
7.8%
Apt. Complexes
12.5%
12.5%
Mobile Homes
5.5%
5.5%
Other
0.1%
0.1%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.8%
1.8%
1 Bedroom
6.2%
6.2%
2 Bedrooms
25.5%
25.5%
3 Bedrooms
50.5%
50.5%
4 Bedrooms
14.0%
14.0%
5 or more bedrooms
2.1%
2.1%
0.0% 100.0%
% OF HOMES