Total monthly cost of ownership
Cost to Own a Home in Bend, Oregon
A $647,000 home here costs
$4,505per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $3,326. The real number is $1,178 higher every month — 35% more than the payment most buyers budget for.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Bend against Deschutes County and Oregon
| Measure | Bend | Deschutes County |
|---|---|---|
| Median home value | $646,800 | $596,000 |
| Median property tax | $3,980 | $3,670 |
| Effective tax rate | 0.615% | 0.616% |
| Median gross rent | $1,767 | $1,674 |
| Population | 101,472 | 203,026 |
The weather behind that power bill
Bend sits in Deschutes County, which averages a high of 84.1°F in its hottest month and a low of 19.0°F in its coldest, with 19.12" of precipitation a year and 44% of it in a single three-month stretch. That climate drives 85 cooling and 7,661 heating degree days, which is what sets the $146 electricity line above.
See the full climate breakdown for Deschutes County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Deschutes County
Full Deschutes County cost breakdown · Every county in Oregon
Common questions
How much does it cost to own a home in Bend?
A $647,000 home in Bend, Oregon costs approximately $4,505 per month with 20% down at 6.66%. That is $3,326 principal and interest, $332 property tax, $93 homeowners insurance, $214 utilities and $539 set aside for maintenance.
What is the property tax rate in Bend?
Bend has an effective property tax rate of 0.615%, based on a median home value of $646,800 and median real estate taxes of $3,980. That is in line with the Deschutes County average of 0.616%.
What is the average home price in Bend?
The median owner-occupied home value in Bend, Oregon is $646,800, against $596,000 across Deschutes County.
Is it cheaper to rent or buy in Bend?
Median gross rent in Bend is $1,767 a month, against $4,505 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Bend — US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance — NAIC average premium for Oregon.
- Electricity price — EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate — Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.