Bend, OR · Oregon
Deschutes County
ZIP 97701
203,026 residents2,611 permits TTM$87,640 median HHI9 ZIP codesUpdated April 16, 2026
Investor first look
Median home value
$596,000
ACS 5-Year
Cap rate proxy
3.4%
FMR × 0.65 ÷ Home Value
Rent-to-income
22.9%
HUD FMR ÷ ACS HHI
Net migration
+2.99%
IRS SOI
Permits (TTM)
2,611
Census BPS
Climate risk
84.9
FEMA NRI (0–100)
ZIP 97701
Median home value
—
Gross yield
—
Cap rate
4.2%
Rent gap
—
Affordability
P/I: 6.9R/I: 29.1%
Section 8 detail
SAFMR: —Rent: —Gap: —
ZIP code breakdown9 ZIP codes
| ZIP | Median home value | Rent (FMR 2BR) | Gross yield | Cap rate | Rent gap |
|---|---|---|---|---|---|
| 97739 | — | — | — | 5.0% | — |
| 97760 | — | — | — | 3.5% | — |
| 97701 | — | — | — | 4.2% | — |
| 97756 | — | — | — | 4.9% | — |
| 97709 | — | — | — | 3.4% | — |
Ranked by composite score
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Demographics
Owner-occupied
70.7%
Census ACS
Vacancy rate
14.3%
Census ACS
Bachelor's degree +
43.4%
Census ACS
Rent burdened
46.5%
Census ACS (>30% income)
Median age
42.6
Census ACS
U.S. Census Bureau — American Community Survey 5-Year Estimates
U.S. Census Bureau — Building Permits Survey
U.S. Department of Housing and Urban Development — Fair Market Rents / Small Area Fair Market Rents (SAFMR)
Internal Revenue Service — Statistics of Income Migration Data
FEMA — National Risk Index
Last updated: April 16, 2026