Bend, OR—97701
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Bend, OR
As of Oct '25, the median home price in Bend, OR is $606,000, with a year-over-year change of -3.3%. This indicates that home prices in Bend, OR are decreasing. According to Zillow, the 1-year price projection is 0.4%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $606,000 | -3.3% |
| Single Family | $611,000 | -3.2% |
| Condos | $356,000 | -5.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $364,000 | 2.0% |
2 Bed | $484,000 | -3.0% |
3 Bed | $582,000 | -3.2% |
4 Bed | $713,000 | -3.5% |
| 5 Bed | $925,000 | -3.0% |
% of Housing Stock
Rental Trends — Bend, OR
As of July '25, Rentcast reports the average rent in Bend, OR is $2,360, with a year-over-year rent change of 0.4%. Per bedroom, the median rent as of July '25 in Bend, OR is studios: $1,500, 1-bedrooms: $1,780, 2-bedrooms: $1,850, 3-bedrooms: $2,600, 4-bedrooms: $3,190. The most common rental property sizes in Bend, OR are 2-bedroom and 3-bedroom, accounting for 40.5% and 37.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,450 | $2,360 |
| Studio Rent | $1,500 | $1,500 |
| 1 Bed Rent | $1,720 | $1,780 |
| 2 Bed Rent | $1,850 | $1,850 |
| 3 Bed Rent | $2,600 | $2,600 |
| 4 Bed Rent | $3,000 | $3,190 |
% of Rental Stock
Property Listings — Bend, OR
As of Oct '25, Realtor.com reports that the median days on market for a home in Bend, OR is 80. This is a increase of 37.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 35.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $680,000 | 3.0% |
Listing Count | 266 | -7.0% |
| Listings as % of Homes | 0.8% | -7.0% |
Days on Market | 80 | 37.0% |
Demographics — Bend, OR
As of the latest ACS Survey released in 2023, Bend, OR has a population of 42,500, which has decreased by -37.6% over the past 5 years. Bend, OR is a moderately popular place for families, as children make up 20.9% of the population. The area has a moderately educated workforce, with 42.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 42,500 | -37.6% |
% Under 18 | 20.9% | -3.2% |
% Seniors | 17.6% | 8.6% |
% WFH | 16.2% | 39.7% |
% w/ College Degree | 42.4% | 1.4% |
As of the latest ACS Survey released in 2023, Bend, OR is a predominantly white area, with 82.3% of the population identifying as white. The white population has shrunk by 5.1% in the last 5 years. The second most common race or ethnicity in Bend, OR is hispanic, making up 9.9% of the population. Foreign-born residents account for 4.8% of the population in Bend, OR, and this percentage has decreased by 4.0% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 82.3% | -5.1% |
% Black | 0.5% | -16.7% |
% Hispanic | 9.9% | 22.2% |
% Asian | 1.8% | -10.0% |
% Foreign Born | 4.8% | -4.0% |
Mortgage and Risk — Bend, OR
According to HUD data as of 2023, there were 842 mortgage originations in Bend, OR, of which 91.0% of loans were conventional mortgages. The average loan-to-value was 49.0%, with 15.0% above 90% LTV (elevated). This implies medium mortgage risk in Bend, OR. Investor activity is low, as 2.0% of loans were by investors. 5.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 842 |
% Conventional Loans | 91.0% |
% Government Loans | 9.0% |
% Investor Loans | 2.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 5.0% |
Loan Activity
Rentals and Section 8 — Bend, OR
As of 2024, the percent of homes in Bend, OR under the Section 8 program is 5.8%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Bend, OR, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 581 |
Total Units Section 8 | 496 |
% Rentals under Section 8 | 5.8% |
% Occupied Section 8 | 91.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$390 | $1,720 | $1,330 |
| 2 Bedroom | -$170 | $1,850 | $1,680 |
| 3 Bedroom | -$250 | $2,600 | $2,350 |
| 4 Bedroom | -$180 | $3,000 | $2,820 |
Affordability — Bend, OR
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7.6 |
| Median Home Price | $606,000 |
| Median Household Income | $78,000 |