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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 100,421, 37,339 total housing units (homes and apartments), and a median house value of $468,592, 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 68.61% of the city's housing units. Other types of housing that are prevalent in Bend include large apartment complexes or high rise apartments ( 12.77%), duplexes, homes converted to apartments or other small apartment buildings ( 8.28%), and a few mobile homes or trailers ( 5.15%).
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 58.39% owning and 41.61% 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 ( 40.72%). A lesser amount of the housing stock also hails from between 1940-1969 ( 5.92%). There's also some housing in Bend built before 1939 ( 4.67%).
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 127.93% over the last ten years, which is an average annual home appreciation rate of 8.59%, 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 5.68%, which is higher than appreciation rates in 83.11% 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 2.49%, which equates to an annual appreciation rate of 10.36%.
Importantly, this makes Bend one of the highest appreciating communities in the nation for the latest quarter, and 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 80% 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.
|$1,007,001 - $1,343,000||3.8|
|$672,001 - $1,007,000||17.1|
|$537,001 - $672,000||16.1|
|$403,001 - $537,000||23.2|
|$269,001 - $403,000||23.1|
|$134,001 - $269,000||6.7|
|$67,001 - $134,000||1.8|
|$0 - $67,000||4.6|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2020 Q2 - 2020 Q3
Last 12 Months:
2019 Q3 - 2020 Q3
Last 2 Years:
2018 Q3 - 2020 Q3
Last 5 Years:
2015 Q3 - 2020 Q3
Last 10 Years:
2010 Q3 - 2020 Q3
2000 Q1 - 2020 Q3
|* 10 is highest|
|AGE OF Bend HOMES|
|2000 or Newer||40.7|
|1970 - 1999||48.7|
|1940 - 1969||5.9|
|1939 or Older||4.7|
|TYPE OF Bend HOMES|
|Small Apt. Buildings||8.3|
|SIZE OF Bend HOMES|
|5 or more bedrooms||2.50|