Bend appreciation rates and housing market information

Bend housing market information

With a population of 51,808, 22,498 total housing units (homes and apartments), and a median house value of $303,344, Bend real estate prices are well above average cost compared to national prices.

single-family detached homes are the single most common housing type in Bend, accounting for 66.79% of the city's housing units. Other types of housing that are prevalent in Bend include large apartment complexes or high rise apartments (11.92%), mobile homes or trailers (9.60%), duplexes, homes converted to apartments, or other small apartment buildings (7.66%), and a few row houses and other attached homes (3.52%).

The most prevalent building size and type in Bend are three and four bedroom single-family detached homes. The city has a mixture of owners and renters, with 59.29% owning, and 34.27% renting.

There is a lot of housing in Bend built from 1970-1994, 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 from 1995 and later (24.31%). A lesser amount of the housing stock also hails from 1940-1969 (16.40%), and some were built from 1939 and earlier (16.40%).

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 118.31% over the last ten years, which is an average annual home appreciation rate of 11.83%, 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.

Over the last year, Bend appreciation rates have trailed the rest of the nation. In the last twelve months, Bend's appreciation rate has been -12.45%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Bend were at -1.49%, which equates to an annual appreciation rate of -5.96%.

Notably, Bend's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Oregon, our data show that Bend's latest annual appreciation rate is higher than 3% 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 1990, to assist you in making the best Bend real estate investment or home purchase decisions.