Bend, OR home values, income, and owner costs

Start with the dated local finding: In Bend, OR, the 2024 ACS reports a median owner-occupied home value of $718,400, median household income of $96,394, and median selected monthly owner costs of $2,347 for owners with a mortgage. Together, those three reference points can help a borrower identify which search-price, income, and recurring-cost assumptions need current verification first. They remain separate medians, not the finances of one representative household, and the $2,347 measure combines recurring ownership expenses in place of real estate taxes alone. For borrower planning, a useful affordability review starts with $718,400, $96,394, and $2,347, then replaces them with the borrower's documented income, cash, debts, property taxes, insurance, association charges, loan terms, and intended occupancy.

Bend, OR's $718,400 median home-value estimate is above the statewide $477,600 estimate, with a reported city-to-state gap of 50.4%. That 50.4% gap is useful for showing that a statewide midpoint may be a poor substitute for a local search range in Bend, OR. It does not mean every local property is 50.4% away from a comparable property elsewhere in the state, because the medians reflect different housing mixes and geographies. For borrower planning, borrowers may use $718,400 and $477,600 to decide which assumptions need local replacement first, then compare actual properties and current financing disclosures on the same basis.