Mortgage payment estimates, closing cost breakdowns, and homebuying data for Bend, Oregon.
Median Home Price
$650K
Population
102K
Avg Monthly Rent
$1,950
Property Tax Rate
0.93% *
* Property tax shown is the Oregon state average effective rate. Actual rates vary by county, city, and school district — check with your local assessor for exact rates in Bend.
Bend vs Oregon Median
The median home price in Bend is $650,000, which is 35% above the Oregon state median of $480,000.
Mortgage Calculator — Bend, OR
Pre-filled with Bend median home price and Oregon tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $650K home using Oregon's 0.93% tax rate and $1,400/yr insurance.
5% Down
$4,884/mo
Down: $32,500
Loan: $618K
P&I: $3,903
Tax: $504
Insurance: $117
PMI: $360
10% Down
$4,659/mo
Down: $65,000
Loan: $585K
P&I: $3,698
Tax: $504
Insurance: $117
PMI: $341
20% Down (No PMI)
$3,907/mo
Down: $130,000
Loan: $520K
P&I: $3,287
Tax: $504
Insurance: $117
Income needed (28% rule): $167K/year with 20% down, $200K/year with 10% down.
Rent vs Buy in Bend
Rent
$1,950/mo
vs
Buy (10% down)
$4,659/mo
Price-to-rent ratio: 27.8 — At a ratio above 20, renting may be more economical in Bend for shorter stays. Buying costs $2,709 more per month than renting, and it typically takes 5-7 years to break even on the transaction costs of buying.
The median home price in Bend is $650,000, 35% above the Oregon state median of $480,000. With a population of 102,059, Bend is a mid-size city where home prices reflect strong demand and local economic factors.
Property taxes in Oregon average 0.93% annually. This moderate property tax rate means a $650,000 home in Bend would carry roughly $504/month in property taxes. Homeowners insurance in Oregon runs approximately $1,400 per year. This is within the normal range nationally.
Average rent in Bend is $1,950/month. With a price-to-rent ratio above 20, renting could be more economical in the short term — use our Rent vs Buy calculator to model your specific timeline.
Bend is a higher-cost market. At $650K median, buyers need significant savings or strong income. Down payment assistance through Oregon's OHCS Oregon Bond program becomes especially important.