Bend, OR—97703
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 $1,000,000, with a year-over-year change of -2.9%. This indicates that home prices in Bend, OR are decreasing. According to Zillow, the 1-year price projection is 0.6%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $1,000,000 | -2.9% |
| Single Family | $1,014,000 | -2.8% |
| Condos | $377,000 | -5.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $499,000 | 1.8% |
2 Bed | $726,000 | -2.4% |
3 Bed | $987,000 | -2.6% |
4 Bed | $1,239,000 | -2.8% |
| 5 Bed | $1,504,000 | -3.3% |
% of Housing Stock
Rental Trends — Bend, OR
As of July '25, Rentcast reports the average rent in Bend, OR is $3,100, with a year-over-year rent change of -1.9%. Per bedroom, the median rent as of July '25 in Bend, OR is studios: $1,600, 1-bedrooms: $1,910, 2-bedrooms: $2,520, 3-bedrooms: $3,640, 4-bedrooms: $4,550. The most common rental property sizes in Bend, OR are 2-bedroom and 3-bedroom, accounting for 35.8% and 28.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,700 | $3,100 |
| Studio Rent | $1,500 | $1,600 |
| 1 Bed Rent | $1,900 | $1,910 |
| 2 Bed Rent | $2,300 | $2,520 |
| 3 Bed Rent | $3,400 | $3,640 |
| 4 Bed Rent | $4,500 | $4,550 |
% 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 101. This is a increase of 4.0% 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 33.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,400,000 | -6.0% |
Listing Count | 353 | 14.0% |
| Listings as % of Homes | 1.0% | 14.0% |
Days on Market | 101 | 4.0% |
Demographics — Bend, OR
Bend, OR lacks sufficient demographic data for analysis.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 34,500 | N/A |
% Under 18 | 16.4% | N/A |
% Seniors | 19.7% | N/A |
% WFH | 29.3% | N/A |
% w/ College Degree | 60.0% | N/A |
Bend, OR lacks sufficient race and ethnicity data for analysis.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 85.3% | N/A |
% Black | 0.3% | N/A |
% Hispanic | 6.0% | N/A |
% Asian | 1.6% | N/A |
% Foreign Born | 4.3% | N/A |
Mortgage and Risk — Bend, OR
According to HUD data as of 2023, there were 740 mortgage originations in Bend, OR, of which 97.0% of loans were conventional mortgages. The average loan-to-value was 45.0%, with 5.0% above 90% LTV (normal). This implies small 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 | 740 |
% Conventional Loans | 97.0% |
% Government Loans | 3.0% |
% Investor Loans | 2.0% |
% Second Loans | 5.0% |
% 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 1.9%. 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 | 60 |
Total Units Section 8 | 60 |
% Rentals under Section 8 | 1.9% |
% Occupied Section 8 | 92.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$430 | $1,900 | $1,470 |
| 2 Bedroom | -$440 | $2,300 | $1,860 |
| 3 Bedroom | -$790 | $3,400 | $2,610 |
| 4 Bedroom | -$1,380 | $4,500 | $3,120 |
Affordability — Bend, OR
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 8.5 |
| Median Home Price | $1,000,000 |
| Median Household Income | $118,000 |