The average cost of buying a house in Oregon has increased steadily over the last couple of years, largely due to rising home values. Mortgage rates have remained fairly stable over the last few months, but analysts expect those to begin creeping upward through 2017 and into 2018.
Looking to buy a home in or relocate to Oregon? Use our patented search to check OR home values, average rental prices, the current housing market and more. Protect your real estate investment, know before you buy.
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The average size for a Bend, OR apartment is 921 square feet, but this number varies greatly depending on apartment type. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.
Bend Oregon Residential Rent and Rental Statistics. The median monthly gross residential rent in Bend, OR (the Bend metro area) was $1,176 in 2017 according to the Census ACS survey. 1 Average gross rent in Bend was $1,184 in 2017.The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below.
The median price of single-family homes in Bend reached $348,000 in September. The median price in Redmond rose to $228,000. The median price equals the midpoint, with half the prices above it and half below. In August, the median price in Bend was $345,000; in September 2014 it was $282,000, according to The Beacon Report.
The Bend area’s still-hot real estate market soared to record territory in June, with the median home sales price up $34,000 in just one month, rising more than 8 percent to $449,000, an appraisal.
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Bend Oregon Home Prices Back to Normal. Home Prices in Bend Are Rising. Now that the great recession is behind us and the real estate bubble is in the past the prices of homes in Bend have reached their highs of 2006. But now our rate of appreciation is much less than it was back then.
The median sales price of a home in Bend, Oregon, set another record in July, the second month in a row that figure has reached unprecedented levels. But along with the rising median sales price came evidence that the market is highly competitive and buyers are pushing back on overpriced homes. July’s median sales price. Continue Reading
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