The story of this market
The typical home in ZIP 97701 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 $2,100 a month.
ZIP 97701 — Bend
The Bend housing market is showing signs of stabilization with a modest year-over-year price increase and tightening inventory. Increased sales volume suggests renewed buyer activity, though the market remains sensitive to broader economic trends.
This ZIP is well-suited for families, outdoor enthusiasts, and remote workers seeking a balance of urban amenities and proximity to Central Oregon's natural landscape.
Median prices moved up 5.1% year over year.
Homes spend a median of 64 days on market with 2.8 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 8.2% — 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 9.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 97701, 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.
Bend's economy is anchored by tourism, healthcare, and a growing remote-work professional sector, with ongoing development focused on residential expansion and infrastructure upgrades.
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 value growth.
Residents in 97701 typically rely on personal vehicles for commuting, with major corridors like US-97 and US-20 providing access to employment hubs in central and north Bend.
The area features extensive access to the Deschutes River, numerous community parks, and proximity to high-desert trail systems and golf courses.
The rental market remains competitive due to Bend's popularity as a destination, with steady demand and limited vacancy pressure.
The local economy is driven by tourism, healthcare services, and a growing base of professional and technical services.
Transportation is primarily highway-dependent, with US-97 and US-20 serving as the main arteries for regional connectivity.
Development is focused on infill projects and residential expansion in the northern and eastern sectors of the city.
The Deschutes County Assessor manages property valuations based on real market value and assessed value formulas.
Parcels are subject to various special districts including school, fire, and water/sewer districts.
Property insurance premiums are influenced by regional wildfire risk assessments common to Central Oregon.
Data retrieved from US Census Bureau profile for Bend city.
Central feature for recreation and scenic value.
Prominent landmark offering panoramic views of the city and mountains.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.