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Real Estate Bend Oregon - The Real Estate Market in Bend, Oregon

square average price approximately

Located in Deschutes County, Oregon, the city of Bend has a population of approximately 82,000 people and a total area of 32.2 square miles. Bend is located right on the eastern side of the Cascade Range, which is a mountain range that extends from British Columbia down to northern California. With beautiful views of the mountain range as well as extensive amounts of trees and water, Bend, Oregon is the perfect place for a family to make a home. With 2,410 people per square mile, the population density is low enough to allow for some nice growth while maintaining the area’s prosperity. The real estate in Bend, Oregon is attractive due to the large amount of people that work in Deschutes County. Over 96% of the residents in Bend find some sort of employment within the county, so commute times are relatively low.

The Bend area was hit hard by the housing crisis that fell upon the United States in 2008. In 2007, the median selling price of homes was at an all-time high of $350,000. Only three years later in 2010, that median price had fallen dramatically to $220,000, which was its lowest point in over six years. House prices vary anywhere from $110,000 on the low end to $250,000 on the high end. The standard home in Bend, Oregon has approximately 1,850 square feet of living space, which means that homeowners are paying approximately $122 per square foot of space. For renters looking to live in an apartment/condominium, the average price is around $730 per month. As the average apartment in Bend has 750 square feet, renters are paying about $0.97 per square foot every month. Apartment dwellers tend to pay anywhere between $600 and $1,250 per month for their property rental.

Most of the houses in the Bend area are fairly new and carry a contemporary, modernized look that characterizes most of the houses being built after 1970. The appraised value of the average home in Bend is about $282,000. Homes being built in Bend, Oregon saw a resurgence during this past decade, as more homes were built during this decade than any other decade in Bend’s history (save for the ’70s). The average house has three bedrooms and one-and-a-half bathrooms, while rental units typically consist of two bedrooms and one bathroom.

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