The story of this market
The typical home in ZIP 97708 sells for about $727,925, or $414 per square foot.
Prices are up +5.1% from a year ago, so sellers still have some momentum. Homes take about 57 days to sell. HUD's fair market rent for a two-bedroom is $1,850 a month.
ZIP 97708 — Bend
The Bend housing market is showing signs of stabilization as inventory tightens and buyer demand remains resilient. While price growth has moderated compared to the pandemic peak, the market remains competitive with homes selling at a steady pace. Current conditions are driven by a limited supply of new listings and sustained interest from regional buyers.
This area is ideal for outdoor enthusiasts, families seeking a high quality of life, and remote workers attracted to the region's natural amenities and community atmosphere.
Median prices moved up 5.1% year over year.
Homes spend a median of 57 days on market with 2.8 months of supply — a fast-moving market.
19% of listings have cut prices · homes sell at 96.9% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.8% · poverty 9.5% — 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 9.1%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.4%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 97708, Deschutes County OR
Bend generally experiences lower crime rates compared to other cities of similar size in the Pacific Northwest, with property crime being the most frequently reported issue.
Schools in the Bend area are served primarily by the Bend-La Pine Schools district, which generally maintains solid academic performance ratings and community support.
The region faces moderate wildfire risks during summer months, necessitating proactive defensible space management for residential properties.
Bend's economy is driven by tourism, healthcare, and a growing remote-work sector, with ongoing infrastructure projects to support its rapid population expansion.
Property taxes in Oregon are governed by constitutional limits on assessed value growth, with rates determined by local taxing districts including schools, city, and county levies.
Commuting within Bend is primarily car-dependent, though the city is expanding its transit network and bike-friendly infrastructure to connect residential areas to the downtown core.
Residents enjoy extensive access to the Deschutes River, numerous public parks, and world-class outdoor recreation including hiking, mountain biking, and nearby skiing.
The rental market remains competitive with low vacancy rates, driven by high demand from seasonal workers and those relocating to the region.
The economy is anchored by healthcare (St. Charles Health System), tourism, and a growing cluster of outdoor-industry and technology firms.
The city is served by the Bend Parkway (US 97) and a local bus transit system, with limited regional rail connectivity.
The city is focused on increasing housing density through infill development and expanding urban growth boundaries to accommodate population growth.
Deschutes County Assessor manages property valuations based on real market value, subject to Oregon's constitutional assessment caps.
Parcels are subject to various special districts including Bend-La Pine Schools, Deschutes County Library, and local fire/emergency service districts.
Property insurance premiums are rising due to regional wildfire risk, with many carriers tightening underwriting guidelines for homes in the wildland-urban interface.
Oregon has experienced steady net domestic migration, with Central Oregon being a primary destination for those leaving larger coastal metropolitan areas.
Oregon is primarily a non-judicial foreclosure state, allowing for a streamlined process under the Oregon Trust Deed Act.
Sellers are required to provide a comprehensive property disclosure statement covering material defects, though 'as-is' sales are permitted.
Data retrieved from data.census.gov for ZCTA 97708; figures reflect standard census reporting.
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.
Central feature for recreation including floating, fishing, and riverside trails.
Historic downtown park offering scenic views and community event space.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.