Investment metrics, interactive calculators, and data-driven analysis for Bend rental properties.
Pre-filled with Bend medians. Adjust to match a specific property.
Factor in financing to see your actual return on invested capital in Bend.
Bend, OR has a population of 105,000 and has been growing at 2.5% annually — well above the national average, signaling strong housing demand from population inflows. The median home price of $580,000 paired with median rents of $1,950/mo produces an estimated cap rate of 2.17%.
Property taxes at 0.9% fall within the national average range and shouldn't present unusual challenges. The vacancy rate of 4% is impressively low, indicating tight rental supply and strong tenant demand — favorable for landlords.
At a price-to-income ratio of 8.5x, homes cost about 8.5 times the local median income of $68,200. This elevated ratio means homeownership is stretched, supporting rental demand but limiting buyer pools. Home values have appreciated at roughly 2.8% annually. Steady appreciation means total returns will be primarily cash flow-driven — the more sustainable model for long-term wealth building.
Bottom line: At current median prices, Bend is challenging for pure cash flow investing. Consider BRRRR strategies with below-market purchases, or look at neighboring metros with stronger price-to-rent ratios.