Bend, OR—97707
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 $733,000, with a year-over-year change of -4.5%. 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 | $733,000 | -4.5% |
| Single Family | $774,000 | -5.1% |
| Condos | $537,000 | -5.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $556,000 | -5.0% |
3 Bed | $750,000 | -4.6% |
4 Bed | $1,033,000 | -5.7% |
| 5 Bed | $1,484,000 | -6.1% |
% of Housing Stock
Rental Trends — Bend, OR
As of July '25, Rentcast reports the average rent in Bend, OR is $2,460, with a year-over-year rent change of -2.8%. Per bedroom, the median rent as of July '25 in Bend, OR is studios: $1,700, 1-bedrooms: $2,000, 2-bedrooms: $2,130, 3-bedrooms: $2,790, 4-bedrooms: $2,700. The most common rental property sizes in Bend, OR are 3-bedroom and 2-bedroom, accounting for 74.6% and 11.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,500 | $2,460 |
| Studio Rent | $1,700 | $1,700 |
| 1 Bed Rent | $2,000 | $2,000 |
| 2 Bed Rent | $2,050 | $2,130 |
| 3 Bed Rent | $2,700 | $2,790 |
| 4 Bed Rent | $2,500 | $2,700 |
% 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 119. This is a increase of 18.0% 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 20.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $771,000 | -5.0% |
Listing Count | 245 | 37.0% |
| Listings as % of Homes | 1.0% | 37.0% |
Days on Market | 119 | 18.0% |
Demographics — Bend, OR
As of the latest ACS Survey released in 2023, Bend, OR has a population of 6,510, which has increased by 2.0% over the past 5 years. Bend, OR is a less popular place for families, as children make up 14.5% of the population. The area has a highly educated workforce, with 49.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 24.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 6,510 | 2.0% |
% Under 18 | 14.5% | -19.4% |
% Seniors | 31.0% | 21.1% |
% WFH | 24.5% | 126.9% |
% w/ College Degree | 49.9% | 59.9% |
As of the latest ACS Survey released in 2023, Bend, OR is a predominantly white area, with 93.3% of the population identifying as white. The white population has grown by 1.0% in the last 5 years. The second most common race or ethnicity in Bend, OR is hispanic, making up 1.7% of the population. Foreign-born residents account for 2.0% of the population in Bend, OR, and this percentage has decreased by 35.5% 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 | 93.3% | 1.0% |
% Black | 0.0% | N/A |
% Hispanic | 1.7% | -48.5% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 2.0% | -35.5% |
Mortgage and Risk — Bend, OR
According to HUD data as of 2023, there were 337 mortgage originations in Bend, OR, of which 89.0% of loans were conventional mortgages. The average loan-to-value was 53.0%, with 13.0% above 90% LTV (elevated). This implies medium mortgage risk in Bend, OR. Investor activity is low, as 4.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 337 |
% Conventional Loans | 89.0% |
% Government Loans | 11.0% |
% Investor Loans | 4.0% |
% Second Loans | 25.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Bend, OR
As of 2024, the percent of homes in Bend, OR under the Section 8 program is 2.4%. 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. 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Bend, OR, because HUD payments exceed market rent, while 1-bedroom and 2-bedroom and 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 5 |
Total Units Section 8 | 5 |
% Rentals under Section 8 | 2.4% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$670 | $2,000 | $1,330 |
| 2 Bedroom | -$370 | $2,050 | $1,680 |
| 3 Bedroom | -$350 | $2,700 | $2,350 |
| 4 Bedroom | $320 | $2,500 | $2,820 |
Affordability — Bend, OR
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 9.1 |
| Median Home Price | $733,000 |
| Median Household Income | $83,400 |