Bend, OR Real Estate Market 2026

Investor-grade market analytics for Bend, Oregon. Data from Zillow ZHVI, FRED, Census ACS, and FEMA NRI. Updated monthly.

Median Home Price

$652,799

-2.7% year-over-year

Est. Rental Yield

4.0%

gross annual

12-Month Forecast

-6.1%

base case (Zillow ZHVF)

-6.1% year-over-year

Market Momentum

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Neutral
3.9mo supply ยท Score 0/7

Migration: Top 5% nationally

Income Migration

๐Ÿ’ฐ Wealth Influx1.51x

In-migrants avg $122,809 AGI vs out-migrants $81,571

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Opportunity Zone Market

1 ZIP codes in Bend are designated Qualified Opportunity Zones (IRC 1400Z-2), eligible for capital gains tax deferral on qualifying investments. Learn more โ†’

Bend Market Summary

Bend, OR is experiencing a correction with -2.7% year-over-year decline, signaling a buyer's market with softening demand. Affordability pressure is significant: the price-to-income ratio of 7.63x well exceeds the national average of 4.8x. Modest net positive migration (+1,419 returns/year) provides steady demand support. Climate risk is moderate (50/100) with manageable exposure. Rental yield of 4.03% is moderate, offering acceptable cash flow for leveraged investments.

Affordability

Affordability Score34/100
Price-to-Income Ratio7.6x (national avg 4.8x)
Median Household Income$85,509

Price Forecast Scenarios

12-month projection (Zillow ZHVF model)

Bear Case-9.2%
Base Case-6.1%
Bull Case-3.1%

Climate & Natural Hazard Risk

Bend, OR's primary climate exposure is wildfire (70/100). The composite climate risk score of 50/100 (Moderate) indicates overall risk with manageable exposure that should be factored into investment analysis. Buyers should consider climate-related insurance costs and potential future regulatory changes.

Source: FEMA National Risk Index

Get the full Bend dataset

Migration flows, ZIP-level neighborhood data, full demographics, price history, and the Market Screener.