Bend, OR
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Bend Neighborhoods Since 2000




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 Q2 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

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

Bend Housing Market Information

With 87,014 people, 33,396 houses or apartments, and a median cost of homes of $455,546, 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 69.24% of the city's housing units. Other types of housing that are prevalent in Bend include large apartment complexes or high rise apartments ( 12.11%), duplexes, homes converted to apartments or other small apartment buildings ( 9.91%), and a few row houses and other attached homes ( 4.46%).

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 57.72% owning and 42.28% 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 ( 36.12%). A lesser amount of the housing stock also hails from between 1940-1969 ( 7.24%). There's also some housing in Bend built before 1939 ( 5.16%).

Bend Home Appreciation Rates

Appreciation rates for homes in Bend have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 4.28%, which ranks in the top 50% nationwide. This equates to an annual average Bend house appreciation rate of 0.42%.

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 12.45%, which is higher than appreciation rates in 97.96% 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 4.98%, which equates to an annual appreciation rate of 21.48%.

Importantly, NeighborhoodScout’s exclusive research found that Bend's housing market shows one of the <a href="/blog/highest-appreciating-cities">top real estate appreciation rates in the U.S.A.</a> in the latest quarter, which 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.

Average Home Values

 

Median Home Value:
$455,546

Bend, OR HOME PRICES

Value Range
> $1,559,000 2.4
$1,169,001 - $1,559,000 2.0
$779,001 - $1,169,000 10.6
$623,001 - $779,000 10.0
$468,001 - $623,000 16.1
$312,001 - $468,000 26.4
$156,001 - $312,000 24.8
$78,001 - $156,000 2.0
$0 - $78,000 5.8

Very High for OR
Very High for Nation

Value Relative to Nation Value Relative to State
7.59412143568125 7.2463768115942

Number Of Homes And Apartments:
33,396

Bend Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OR*
Compared To
America*
Latest Quarter:
2017 Q1 - 2017 Q2
Last 12 Months:
2016 Q2 - 2017 Q2
Last 2 Years:
2015 Q2 - 2017 Q2
Last 5 Years:
2012 Q2 - 2017 Q2
Last 10 Years:
2007 Q2 - 2017 Q2
Since 2000:
2000 Q1 - 2017 Q2
114.73% 4.46% 10 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,397 / per month

Homeownership Rate

Homeownership
Owners 57.72
Renters 42.28
Vacant 8.70

Housing Market Details

 

Age of Homes

AGE OF Bend HOMES
2000 or Newer 36.1
1970 - 1999 51.5
1940 - 1969 7.2
1939 or Older 5.2

Types of Homes

TYPE OF Bend HOMES
Single-Family 69.2
Townhomes 4.5
Small Apt. Buildings 9.9
Apt. Complexes 12.1
Mobile Homes 4.3
Other 0.0

Home Size

SIZE OF Bend HOMES
No Bedroom 1.90
1 Bedroom 6.68
2 Bedrooms 25.04
3 Bedrooms 50.93
4 Bedrooms 12.40
5 or more bedrooms 3.05