The story of this market
The typical home in ZIP 97702 sells for about $727,925, or $378 per square foot.
Prices are up +5.1% from a year ago, so sellers still have some momentum. Homes take about 64 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $2,495 a month.
ZIP 97702 — Bend
The Bend housing market shows signs of stabilization and renewed growth, with median sales prices increasing 5.1% year-over-year as of June 2026. While inventory remains tight, the rise in closed sales suggests resilient demand from buyers despite higher interest rate environments. The market is currently balanced, supported by a strong local economy and continued migration to the region.
This ZIP is well-suited for families and outdoor enthusiasts who value proximity to recreational amenities, as well as professionals who benefit from the area's growing economy and high quality of life.
Median prices moved up 5.1% year over year.
Homes spend a median of 64 days on market with 2.9 months of supply — a fast-moving market.
19% of listings have cut prices · homes sell at 98.9% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.5% · poverty 7.8% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 8.5%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 97702, Deschutes County OR
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
The area is served by the Bend-La Pine Schools district, which generally maintains a positive reputation for academic performance and extracurricular offerings within the region.
The region faces significant wildfire risks common to Central Oregon, necessitating proactive defensible space management and influencing local property insurance availability and premiums.
Bend serves as a regional economic hub with a diverse mix of tourism, healthcare, and remote-work-driven professional services, supported by ongoing infrastructure investments to manage rapid population growth.
Property taxes in Deschutes County are based on assessed values determined by the county assessor, subject to Oregon's constitutional limits on tax rates and annual growth in assessed value.
Residents typically enjoy short commutes, with a mean travel time to work of approximately 18 minutes, reflecting the area's relatively compact layout and proximity to local employment centers.
The ZIP code offers extensive access to outdoor amenities, including proximity to the Deschutes River, numerous public parks, trail systems, and golf courses, alongside convenient shopping districts.
The rental market is characterized by high demand and limited inventory, with rents significantly above the national median and a notable presence of both long-term and seasonal/short-term rental activity.
The local economy is anchored by healthcare, tourism, and a growing technology and professional services sector, benefiting from the area's appeal to remote workers and lifestyle-driven migration.
Transportation is primarily automobile-dependent, though the city provides bus transit services and maintains a network of bike lanes and pedestrian paths.
Development activity is focused on infill projects and master-planned residential communities designed to accommodate the city's ongoing population growth.
The Deschutes County Assessor manages property valuations in accordance with Oregon state law, focusing on market-based assessments adjusted for constitutional tax limitations.
Parcels in this area are subject to various special districts, including the Bend-La Pine School District, Bend Park and Recreation District, and local fire and emergency service districts.
Property insurance premiums are influenced by regional wildfire risk, with many carriers requiring specific mitigation efforts for homes in the wildland-urban interface.
Data retrieved from Census Reporter and ZCTA-level ACS tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
Provides extensive recreational opportunities including kayaking, fishing, and riverside trails.
A major mixed-use district featuring retail, dining, and entertainment venues along the river.
A prominent golf course located within the ZIP code area.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.