Can Bend Families Afford to Live in Bend?
By Lynnea Miller, Premier Real Estate Service in Central Oregon
(Bend Premier Real Estate)
Bend OR Single Family Home Prices Have Grown Over the past 8 years, the sales price of a Bend single family home has grown by 129%. The average sales price at the end of 2010 was $223,000 and $510,000 the end of 2018. During the same time period, the average active price of a Bend single family home has gone up 91% from $373,000 in 2010 to $711,000 the end of 2018.* This growth in the price of a Bend home has led to an affordable housing crisis with the average Bend family questioning whether or not they can afford to purchase a single family home in Bend; for many the answer is no. How Much Home Can a Bend Oregon Family Purchase in 2019? According to Deschutes County records, the median annual Bend household income in 2018 was $67,727. Chris Raven with Fairway Mortgage has told us that...