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Affordable
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These days, finding an affordable place to live in the Bend area can be challenging. Home prices in Bend are now at a median cost of $721,979, higher than the Texas average of $322,096.
The average cost of rent is $1,284/mo in Bend, primarily driven by the current value of real estate in the Bend area. In Bend, 16.85% of households rent, and 46.18% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Bend is $9,505 per month. Households that rent pay about 13.51% of their income on rent here. Bend’s most expensive areas are in the southwestern regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
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