Bend, Oregon Real Estate Market Analysis

dynamic.RE

Bend, Oregon

6 ZIPs in this city:97701 97702 97703 97707 97708 97709

Market Hotness

Hotness Rank

Hotness Score

Supply Score

Demand Score

DOM vs US

+9.1%

Slower

Price vs US

209%

Above avg

Median Listing Price

$917K

Population

138,719

Households

58,009

Median Days on Market

Active Listings

1,324

New Listings

280

Housing Market

Pricing

Median Listing Price

$917K0.0% YoY

Average Listing Price

$1.13M-1.4% YoY

Price per Sq Ft

$438.831-0.7% YoY

Median Sq Ft

2,164+1.2% YoY

Inventory

Active Listings

1,324+11.0% YoY

New Listings

280+2.9% YoY

Total Listings

1,763+15.0% YoY

Buyer Competition

Pending Listings

441+29.7% YoY

Pending Ratio

0.33+17.1% YoY

Median Days on Market

66-4.4% YoY

Price Reduced

20.4%-27.9% YoY

Units & Occupancy

2024 Occupancy

99Kunits

Occupied84,93385.5%
Vacant14,36414.5%

2024 Tenure

85Koccupied

Owner59,43770.0%
Renter25,49630.0%

Renter Share

30.0%+2.6% YoY

Total Housing Units

99,297+2.3% YoY

FY2026 Fair Market Rent — Deschutes County

HUD government estimate (40th percentile) — not actual market asking rent.

Studio

$1,362

/month

1 BR

$1,371

/month

2 BR

$1,784

/month

3 BR

$2,481

/month

4 BR

$2,993

/month

FMR Trends — Deschutes County

Source: HUD Fair Market Rents

ZIP Profile

U.S. Census ACS characteristics rolled up across the ZIP Code Tabulation Areas in this area, not the parent county.

Population & Age

Total Population

138,719+1.5% YoY

2024 Age Mix

139Kresidents

Under 1825,85518.6%
Adults 18–6484,44260.9%
65 & Over28,42220.5%

Age Composition Over Time2019–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Median Age

42.92+1.8% YoY

Population Under 18

25,855-1.7% YoY

Population 65 & Over

28,422+6.3% YoY

Households & Mobility

Total Households

58,009+1.9% YoY

Household Types

--Not reported for this area (ACS).

Avg Household Size

2.38-0.3% YoY

2024 Residential Mobility

of residents

Same house85.1%
Moved (within US)14.6%
Other0.3%

Veterans

6.3%-1.1% YoY

Income & Poverty

Median Household Income

$99K+6.9% YoY

Per-Capita Income

$59K+7.3% YoY

Mean Household Income

$138K+6.7% YoY

Below Poverty Level

8.3%-9.9% YoY

Commuting

2024 Commute Mode

of workers

Drove alone64.4%
Public transit0.4%
Worked from home24.2%
Other11.1%

Worked From Home

24.2%+9.8% YoY

Mean Commute

17.98-3.1% YoY

Units & Tenure

Total Housing Units

67,896+2.3% YoY

2024 Occupancy

68Kunits

Occupied58,00985.4%
Vacant9,88714.6%

2024 Tenure

58Khouseholds

Owner39,59068.2%
Renter18,41931.8%

Avg Household Size — Owner

2.43-0.8% YoY

Avg Household Size — Renter

2.25+0.7% YoY

County Demographics

Median Age

42.92024

Population

Deschutes County Population

211,535+1.3% YoY

Households

Total Households

84,933+2.1% YoY

Household Types

--Not reported for this area (ACS).

Avg Household Size

2.41-0.4% YoY

Age

2024 Age Mix

206Kresidents

Under 1839,06918.9%
Adults 18–64123,39559.8%
65 & Over43,87021.3%

Age Composition Over Time2017–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Population Under 18

39,069-0.5% YoY

Population 65 & Over

43,870+3.6% YoY

Median Age

42.90+0.7% YoY

Mobility & Veterans

2024 Residential Mobility

of residents

Same house86.2%
Moved (within US)13.5%
Other0.3%

Veterans

7.3%-3.9% YoY

County Economy

Income

Median Household Income

$93K+5.8% YoY

Per-Capita Income

$53K+5.8% YoY

Mean Household Income

$126K+5.1% YoY

Poverty

Below Poverty Level

8.8%-5.4% YoY

Transportation to Work

2024 Commute Mode

of workers

Drove alone65.2%
Public transit0.3%
Worked from home22.6%
Other11.9%

Worked From Home

22.6%+9.7% YoY

Mean Commute

19.60-3.4% YoY

Bend, Oregon

6 ZIPs in this city:97701 97702 97703 97707 97708 97709

Market Hotness

Hotness Rank

Hotness Score

Supply Score

Demand Score

DOM vs US

+9.1%

Slower

Price vs US

209%

Above avg

Median Listing Price

$917K

Population

138,719

Households

58,009

Median Days on Market

Active Listings

1,324

New Listings

280

Housing Market

Pricing

Median Listing Price

$917K0.0% YoY

Average Listing Price

$1.13M-1.4% YoY

Price per Sq Ft

$438.831-0.7% YoY

Median Sq Ft

2,164+1.2% YoY

Inventory

Active Listings

1,324+11.0% YoY

New Listings

280+2.9% YoY

Total Listings

1,763+15.0% YoY

Buyer Competition

Pending Listings

441+29.7% YoY

Pending Ratio

0.33+17.1% YoY

Median Days on Market

66-4.4% YoY

Price Reduced

20.4%-27.9% YoY

Units & Occupancy

2024 Occupancy

99Kunits

Occupied84,93385.5%
Vacant14,36414.5%

2024 Tenure

85Koccupied

Owner59,43770.0%
Renter25,49630.0%

Renter Share

30.0%+2.6% YoY

Total Housing Units

99,297+2.3% YoY

FY2026 Fair Market Rent — Deschutes County

HUD government estimate (40th percentile) — not actual market asking rent.

Studio

$1,362

/month

1 BR

$1,371

/month

2 BR

$1,784

/month

3 BR

$2,481

/month

4 BR

$2,993

/month

FMR Trends — Deschutes County

Source: HUD Fair Market Rents

ZIP Profile

U.S. Census ACS characteristics rolled up across the ZIP Code Tabulation Areas in this area, not the parent county.

Population & Age

Total Population

138,719+1.5% YoY

2024 Age Mix

139Kresidents

Under 1825,85518.6%
Adults 18–6484,44260.9%
65 & Over28,42220.5%

Age Composition Over Time2019–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Median Age

42.92+1.8% YoY

Population Under 18

25,855-1.7% YoY

Population 65 & Over

28,422+6.3% YoY

Households & Mobility

Total Households

58,009+1.9% YoY

Household Types

--Not reported for this area (ACS).

Avg Household Size

2.38-0.3% YoY

2024 Residential Mobility

of residents

Same house85.1%
Moved (within US)14.6%
Other0.3%

Veterans

6.3%-1.1% YoY

Income & Poverty

Median Household Income

$99K+6.9% YoY

Per-Capita Income

$59K+7.3% YoY

Mean Household Income

$138K+6.7% YoY

Below Poverty Level

8.3%-9.9% YoY

Commuting

2024 Commute Mode

of workers

Drove alone64.4%
Public transit0.4%
Worked from home24.2%
Other11.1%

Worked From Home

24.2%+9.8% YoY

Mean Commute

17.98-3.1% YoY

Units & Tenure

Total Housing Units

67,896+2.3% YoY

2024 Occupancy

68Kunits

Occupied58,00985.4%
Vacant9,88714.6%

2024 Tenure

58Khouseholds

Owner39,59068.2%
Renter18,41931.8%

Avg Household Size — Owner

2.43-0.8% YoY

Avg Household Size — Renter

2.25+0.7% YoY

County Demographics

Median Age

42.92024

Population

Deschutes County Population

211,535+1.3% YoY

Households

Total Households

84,933+2.1% YoY

Household Types

--Not reported for this area (ACS).

Avg Household Size

2.41-0.4% YoY

Age

2024 Age Mix

206Kresidents

Under 1839,06918.9%
Adults 18–64123,39559.8%
65 & Over43,87021.3%

Age Composition Over Time2017–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Population Under 18

39,069-0.5% YoY

Population 65 & Over

43,870+3.6% YoY

Median Age

42.90+0.7% YoY

Mobility & Veterans

2024 Residential Mobility

of residents

Same house86.2%
Moved (within US)13.5%
Other0.3%

Veterans

7.3%-3.9% YoY

County Economy

Income

Median Household Income

$93K+5.8% YoY

Per-Capita Income

$53K+5.8% YoY

Mean Household Income

$126K+5.1% YoY

Poverty

Below Poverty Level

8.8%-5.4% YoY

Transportation to Work

2024 Commute Mode

of workers

Drove alone65.2%
Public transit0.3%
Worked from home22.6%
Other11.9%

Worked From Home

22.6%+9.7% YoY

Mean Commute

19.60-3.4% YoY