Bend, OR
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Bend, OR Real Estate Data

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2017 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Bend Housing Market Information

With 94,520 people, 35,311 houses or apartments, and a median cost of homes of $416,906, 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 68.58% of the city's housing units. Other types of housing that are prevalent in Bend include large apartment complexes or high rise apartments ( 11.73%), duplexes, homes converted to apartments or other small apartment buildings ( 9.97%), and a few mobile homes or trailers ( 4.83%).

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 57.75% owning and 42.25% 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 ( 38.47%). A lesser amount of the housing stock also hails from between 1940-1969 ( 6.37%). There's also some housing in Bend built before 1939 ( 4.42%).

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 48.76% over the last ten years, which is an average annual home appreciation rate of 4.05%, 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.

NeighborhoodScout's data show that during the latest twelve months, Bend's appreciation rate, at 5.57%, has been at or slightly above the national average. In the latest quarter, Bend's appreciation rate has been 1.13%, which annualizes to a rate of 4.59%.

Relative to Oregon, our data show that Bend's latest annual appreciation rate is lower than 60% 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.

Average Home Values

 

Median Home Value:
$416,906

Bend, OR HOME PRICES

Value Range
> $1,359,000 2.5
$1,019,001 - $1,359,000 2.9
$680,001 - $1,019,000 14.6
$543,001 - $680,000 13.9
$408,001 - $543,000 21.8
$272,001 - $408,000 24.7
$136,001 - $272,000 10.8
$68,001 - $136,000 2.1
$0 - $68,000 6.7

Very High for OR
Very High for Nation

Value Relative to Nation Value Relative to State
10.2423357664234 13.0434782608696

Number Of Homes And Apartments:
35,311

Bend Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OR*
Compared To
America*
Latest Quarter:
2018 Q4 - 2019 Q1
Last 12 Months:
2018 Q1 - 2019 Q1
Last 2 Years:
2017 Q1 - 2019 Q1
Last 5 Years:
2014 Q1 - 2019 Q1
Last 10 Years:
2009 Q1 - 2019 Q1
Since 2000:
2000 Q1 - 2019 Q1
140.01% 4.65%
10
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,622 / per month

Homeownership Rate

Homeownership
Owners 57.75
Renters 42.25
Vacant 9.39

Housing Market Details

 

Age of Homes

AGE OF Bend HOMES
2000 or Newer 38.5
1970 - 1999 50.7
1940 - 1969 6.4
1939 or Older 4.4

Types of Homes

TYPE OF Bend HOMES
Single-Family 68.6
Townhomes 4.7
Small Apt. Buildings 10.0
Apt. Complexes 11.7
Mobile Homes 4.8
Other 0.2

Home Size

SIZE OF Bend HOMES
No Bedroom 1.84
1 Bedroom 6.38
2 Bedrooms 26.09
3 Bedrooms 49.42
4 Bedrooms 13.14
5 or more bedrooms 3.13