Total monthly cost of ownership
Cost to Own a Home in Bend, Oregon
A $647,000 home here costs
$4,757per month, all in, with 20% down at today's 7.40% 30-year fixed rate. By the 28% rule that takes a household income of about $204,000 a year.
A standard mortgage calculator would have told you $3,584. The real number is $1,173 higher every month, 33% more than the payment most buyers budget for.
Compare Deschutes County with anywhere in America · full county breakdown
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 $141 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
Talk to someone who works this market
These are Bend averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works Bend every week. Free, no obligation, and we never sell your details to a list.
Common questions
How much does it cost to own a home in Bend?
A $647,000 home in Bend, Oregon costs approximately $4,757 per month with 20% down at 7.4%. That is $3,584 principal and interest, $332 property tax, $93 homeowners insurance, $209 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 $4,757 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Bend?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Bend, Oregon at today's rate takes a household income of roughly $204,000 a year. That covers the full $4,757 monthly cost, not just the mortgage payment.
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.