The story of this market
The typical home in ZIP 97703 sells for about $1,400,000, or $414 per square foot.
Prices are up +5.1% from a year ago, so sellers still have some momentum. Homes take about 60 days to sell. HUD's fair market rent for a two-bedroom is $2,200 a month.
ZIP 97703 — Bend
The 97703 housing market remains resilient with high demand for premium properties, though inventory constraints continue to push prices upward. While the broader Bend market shows signs of balancing, this specific ZIP maintains a strong seller's advantage due to its desirable location and limited supply. Rising interest rates have tempered some buyer activity, but the area's appeal to remote workers and lifestyle buyers sustains long-term value growth.
This ZIP is ideal for affluent families, outdoor enthusiasts, and remote workers seeking a high quality of life. It is less suitable for budget-conscious renters or those requiring a dense urban transit-oriented lifestyle.
Median prices moved up 5.1% year over year.
Homes spend a median of 60 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 3.2% · poverty 5.0% — 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 9.2%/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 7.8%/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 97703, 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.
Crime rates in Bend are generally lower than the national average, with property crime being the most frequently reported issue. The area is considered safe relative to larger metropolitan regions in the Pacific Northwest.
Schools serving the 97703 area are part of the Bend-La Pine Schools district, which is generally well-regarded for its academic performance and extracurricular offerings.
The region faces significant wildfire risks during summer months, leading to higher property insurance premiums and stricter building codes. Flood risk is generally low, though localized areas near the Deschutes River require monitoring.
Bend continues to experience strong economic momentum driven by tourism, remote work, and a growing healthcare sector. Major infrastructure projects focus on managing traffic flow and expanding utility capacity to support rapid residential development.
Property taxes are assessed by Deschutes County based on the real market value of the property, subject to state-mandated constitutional limits on assessed value growth. There are no local income taxes, but special districts for schools, fire, and parks are included in the annual tax bill.
Residents in 97703 primarily rely on personal vehicles for commuting, with most travel directed toward the central business district of Bend. Traffic congestion is increasing during peak hours on major corridors like US-97 and the Bend Parkway.
The area offers exceptional access to outdoor amenities, including the Deschutes River, numerous hiking and mountain biking trails, and proximity to Mt. Bachelor. Shopping and dining are concentrated in the Old Mill District and downtown Bend, both within a short drive.
The rental market is characterized by high demand and low vacancy rates, driven by the city's popularity as a destination and remote-work hub. Short-term rental regulations are strictly enforced by the city to preserve long-term housing stock.
The economy is anchored by tourism, healthcare, and a growing technology sector. Major employers include St. Charles Health System and various outdoor recreation companies.
Transportation is primarily highway-based, with US-97 serving as the main artery. Public transit is provided by Cascades East Transit, though coverage is limited compared to larger cities.
Development is focused on infill projects and master-planned communities on the city's western edge. Infrastructure planning prioritizes road improvements to mitigate growth-related congestion.
Parcels are subject to Bend-La Pine School District taxes and various local service districts for fire and emergency services.
Property insurance costs are rising due to regional wildfire exposure, with many carriers tightening underwriting standards for homes in the wildland-urban interface.
Data retrieved from data.census.gov ZCTA-level 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.
Central feature for recreation, fishing, and floating.
Major retail and entertainment hub along the river.
Renowned mountain biking and hiking network.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.