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Bend city, OR

ZIP 97701 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 97701

Median Home Value
$567,800
Median Rent
$1,563
Affordability Snapshot
$156,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$3,647/mo PITI).

24%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

7.3x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

30.3 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 97701 in Bend city, OR, a household would need roughly $156,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $3,647. That is about 100% above the local median household income ($77,969), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Diverse housing tenure.

Heating Fuel
Housing Metrics
Owner Occupied
53.9%-18% vs US avg
x
Vacancy Rate
5.6%-45% vs US avg
x
Broadband Access
92.1%+6% vs US avg
x
4+ Bedrooms
1.5%-90% vs US avg
x
Built Pre-1939
1.5%-88% vs US avg
x
Built Post-2014
2.8%-60% vs US avg
x
Rent Burden >30%
23.3%-53% vs US avg
x
Mortgage-Free
28.6%-25% vs US avg
x
$567,800
Home Value
$1,563
Rent
1997
Year Built
2018
Moved In

Residents have lived here since ~2018 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached64.7%
  • 1-unit attached5.8%
  • 2-9 units14.7%
  • 10+ units11.1%
  • Mobile home & other3.7%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$567,800
Median rent$1,563
Owner-occupied53.9%
Vacant5.6%
Price-to-income7.3x
Est. income to buy$156,000