Bend oregon average rent

Bend oregon average rent DEFAULT

Bend Oregon Residential Rent and Rental Statistics

The median monthly gross residential rent in Bend, OR (the Bend metro area) was $1,388 in 2019 according to the Census ACS survey.1Average gross rent in Bend was $1,379 in 2019. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2020 Bend median and average rent data will be released in September of 2021.

Data is also available below for Bend rental vacancy rates, Bend rent as a percent of median income and the fraction of renters in Bend.

Show dollars as: NominalReal

Nominal Gross Rent in Bend Oregon

20191 Year Change3 Year Change
US Median Gross Rent$1,097+3.69%+11.82%
Oregon Median Gross Rent$1,185+4.87%+16.75%
Bend, OR Median Gross Rent$1,388+17.03%+20.70%

Bend, OR Nominal Gross Rent Trends

At $1,388, nominal median gross rent in Bend was at its highest level in 2019 since the series began in 2005. At $1,379, nominal average gross rent in Bend was at its highest level in 2019 since the series began in 2005.

Nominal Gross Rent in Bend Oregon: Bend OR Median, Bend OR Average, Oregon Median, US Median

Lower quartile, median and upper quartile nominal gross rent in Bend Oregon

Nominal Gross Rent History for Bend

DateUS
Median
Oregon
Median
Bend, OR
Median
Bend, OR
Average
2019$1,097$1,185$1,388$1,379
2018$1,058$1,130$1,186$1,174
2017$1,012$1,079$1,176$1,184
2016$981$1,015$1,150$1,179
2015$959$943$982$1,009
2014$934$924$945$1,012
2013$905$887$900$941
2012$884$862$863$892
2011$871$840$921$963
2010$855$816$870$928
2009$842$819$866$919
2008$824$780$873$892
2007$789$743$863$880
2006$763$714$807$851
2005$728$689$790$835

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Real Gross Rent in Bend Oregon (2019 dollars)2

20191 Year Change3 Year Change
US Median Gross Rent$1,097+1.86%+6.82%
Oregon Median Gross Rent$1,185+3.04%+11.48%
Bend, OR Median Gross Rent$1,388+15.00%+15.28%

Bend, OR Real Gross Rent Trends

At $1,388, real median gross rent in Bend was at its highest level in 2019 since the series began in 2005. At $1,379, real average gross rent in Bend was at its highest level in 2019 since the series began in 2005.

Real Gross Rent in Bend: Bend OR Median, Bend OR Average, Oregon Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Bend

DateUS
Median
Oregon
Median
Bend, OR
Median
Bend, OR
Average
2019$1,097$1,185$1,388$1,379
2018$1,077$1,150$1,207$1,195
2017$1,043$1,113$1,213$1,221
2016$1,027$1,063$1,204$1,235
2015$1,017$1,000$1,042$1,070
2014$986$976$998$1,068
2013$953$934$948$991
2012$940$917$918$949
2011$941$907$995$1,040
2010$955$912$972$1,037
2009$960$933$987$1,047
2008$976$924$1,034$1,056
2007$927$873$1,014$1,034
2006$937$877$991$1,045
2005$910$861$988$1,044

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Bend Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3In 2017 the rental vacancy rate for Bend Oregon was 2.63% according to Census ACS data.

Rental Vacancy Rate in Bend Oregon

20191 Year Change3 Year Change
US5.97%-0.18%+0.08%
Oregon4.00%-0.35%+0.83%
Bend, OR

Trends in Bend, OR Rental Vacancy Rate

The rental vacancy rate in Bend peaked in 2009 at 8.96%. Since then it has fallen by 6.33% to 2.63%. Data records for this series originated in 2005.

Rental Vacancy Rate: Bend OR, Oregon, US

Rental vacancy rate in Oregon

Historical Rental Vacancy Rate data for Bend

DateUSOregonBend, OR
20195.97%4.00%
20186.15%4.35%
20176.18%3.80%2.63%
20165.89%3.17%3.00%
20155.85%3.64%
20146.32%3.57%4.36%
20136.49%4.45%8.63%
20126.77%4.75%6.97%
20117.40%5.06%8.59%
20108.17%5.60%8.52%
20098.43%6.30%8.96%
20087.86%5.71%5.81%
20077.87%5.08%8.87%
20067.70%5.57%8.90%
20057.74%6.39%

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Rent as a Fraction of Income

Using median household income data for Bend, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Bend, median monthly gross rent as a fraction of median household income was 23.25% in 2019 according to the ACS.

Bend Oregon Median Annual Rent as a Fraction of Median Household Income

20191 Year Change3 Year Change
US20.03%-0.47%-0.40%
Oregon21.21%-0.17%+0.03%
Bend, OR23.25%+2.19%+0.94%

Trends in Bend, OR Rent as a Fraction of Income

The fraction of median Bend household income required to pay median monthly gross rent peaked in 2011 (relative to the 2005 series origin) at 23.52%. Since then it has fallen by 0.27% to 23.25%.

Fraction of Income towards Rent: Bend OR, Oregon, US

Percent of median household income going towards median monthly gross rent in Bend Oregon

Historical Data for Annual Rent as a Fraction of Income in Bend Oregon

DateUSOregonBend, OR
201920.03%21.21%23.25%
201820.50%21.38%21.06%
201720.13%21.50%21.29%
201620.43%21.17%22.30%
201520.63%20.90%20.54%
201420.89%21.71%21.81%
201320.78%21.18%23.08%
201220.65%21.04%21.77%
201120.70%21.53%23.52%
201020.50%21.03%23.37%
200920.12%20.28%19.90%
200819.00%18.66%20.35%
200718.66%18.30%18.51%
200618.90%18.53%19.12%
200518.89%19.25%19.28%

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Renter Fraction in Bend Oregon

You can calculate the renter fraction in Bend in at least two ways: by housing units or by population. I've gone with the housing units measure here. This measure looks at the number of renting households in Bend as a fraction of total Bend households. In 2019 29.27% of households were renters according to Census ACS data.

Bend Fraction of Renters by Household Units

20191 Year Change3 Year Change
US35.89%-0.16%-0.99%
Oregon37.12%-0.39%-1.19%
Bend, OR29.27%-4.72%-3.58%

Trends in the Bend, OR Renter Fraction

The Bend household renter fraction peaked in in 2011 at 36.79% and is now 7.52% below that level. The origin year for the series is 2005.

Fraction of Renting Households: Bend OR, Oregon, US

Fraction of renters in Bend

History of Bend Renter Fraction

DateUSOregonBend, OR
201935.89%37.12%29.27%
201836.05%37.51%33.99%
201736.13%37.20%34.76%
201636.88%38.31%32.85%
201536.97%38.91%35.81%
201436.90%39.28%34.37%
201336.50%39.17%35.99%
201236.09%38.44%35.90%
201135.42%39.22%36.79%
201034.65%37.45%35.07%
200934.13%36.95%31.17%
200833.36%35.66%32.55%
200732.80%35.41%31.58%
200632.73%35.22%30.34%
200533.10%36.22%31.66%

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Department of Numbers

The Department of Numbers contextualizes public data so that individuals can form independent opinions on everyday social and economic matters.

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Oregon Metro Rent
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Sours: https://www.deptofnumbers.com/rent/oregon/bend/

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Expensive 40th Percentile Metro Area

Fair Market Rent prices in Bend-Redmond are very high compared to the national average. This FMR area is more expensive than 95% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Bend-Redmond is $1,197 per month.

The previous year, rent for a two-bedroom home was $1,071 per month. This is a 11.76% increase year-over-year.

This FMR rate applies to Brothers, OR, Sisters, OR, La Pine, OR, Bend, OR and other cities within the region. The Metro Code or CBSA code for this region is METRO13460M13460.

Additionally, This Fair Market Rent (FMR) area Bend-Redmond, OR MSA spans one county or city in Oregon which is listed in the table below. Estimated population of Bend-Redmond, OR MSA FMR area is 0 people based on 2000 Census data.

Compared to the rest of Oregon, the Bend-Redmond FMR area is more expensive than 93% of the state.

Sours: https://www.rentdata.org/bend-redmond-or-msa/2020

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Oregon average rent bend

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Find me a rental in Bend, Oregon

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