|
With a wide selection of styles, acreages and sizes, prices vary in the region. Madras to the far northern boundary and La Pine to the far south both offer the most affordable housing, while Sisters and Sunriver offer some of the most expensive homes. Bend tracks below both of those communities and, given its size, has one of the broadest selections of home prices. Prineville and Redmond have been extremely popular communities to build new homes in last several years because of their relative affordability; both cities experienced strong increases in home prices from 2005 to 2006.
Cost of a Home
Both the average and median home costs reflected below are for residential properties on less than one acre)
|
Average Home Price
|
|
|
2006
|
2005
|
2004
|
2003
|
2002
|
2001
|
|
Bend
|
$351,978
|
$279,900
|
$227,500
|
$195,000
|
$183,500
|
$168,950
|
|
La Pine
|
$183,500
|
$148,450
|
$135,000
|
$110,000
|
$90,640
|
$86,000
|
|
Madras/Jefferson County
|
$165,080
|
$133,500
|
$104,000
|
$95,000
|
$87,500
|
$87,000
|
|
Prineville/Crook County
|
$195,500
|
$149,275
|
$114,928
|
$105,450
|
$99,400
|
$106,524
|
|
Redmond
|
$262,749
|
$198,818
|
$158,500
|
$148,567
|
$135,125
|
$125,000
|
|
Sisters
|
$460,000
|
$394,250
|
$308,500
|
$270,000
|
$247,500
|
$235,000
|
|
Sunriver
|
$575,000
|
$462,500
|
$393,500
|
$330,000
|
$315,000
|
$289,500
|
|
Source: Central Oregon Association of Realtors
|
|
Median Home Price
|
|
|
2006
|
2005
|
2004
|
2003
|
2002
|
2001
|
|
Bend
|
$351,978
|
$279,900
|
$227,500
|
$195,000
|
$183,500
|
$168,950
|
|
La Pine
|
$183,500
|
$148,450
|
$135,000
|
$110,000
|
$90,640
|
$86,000
|
|
Madras/Jefferson County
|
$165,080
|
$133,500
|
$104,000
|
$95,000
|
$87,500
|
$87,000
|
|
Prineville/Crook County
|
$195,500
|
$149,275
|
$114,928
|
$105,450
|
$99,400
|
$106,524
|
|
Redmond
|
$262,749
|
$198,818
|
$158,500
|
$148,567
|
$135,125
|
$125,000
|
|
Sisters
|
$460,000
|
$394,250
|
$308,500
|
$270,000
|
$247,500
|
$235,000
|
|
Sunriver
|
$575,000
|
$462,500
|
$393,500
|
$330,000
|
$315,000
|
$289,500
|
|
Source: Central Oregon Association of Realtors
|
Average Monthly Rent
The rental market in Central Oregon does not follow the same patterns as the residential owned market. Rent costs have increased over the last several years at a very low rate. Below we show average monthly rental costs for a 3 bedroom home:
|
Rental Costs in Central Oregon for a 3 Bedroom Home
|
|
|
2006
|
2005
|
2004
|
2003
|
2002
|
2001
|
2000
|
|
Bend
|
$992
|
$965
|
$935
|
$928
|
$929
|
$911
|
$852
|
|
Madras/Jefferson County
|
$740
|
672
|
$673
|
$688
|
$652
|
$689
|
$600
|
|
Prineville/Crook County
|
$751
|
$748
|
$724
|
$724
|
$648
|
$597
|
$622
|
|
Redmond
|
$820
|
$919
|
$846
|
$844
|
$810
|
$746
|
$755
|
|
Sisters
|
NA
|
|
$1,008
|
NA
|
NA
|
NA
|
$875
|
|
Source: Source: Central Oregon Rental Owners' Association
|
Comparative Housing Costs in Central Oregon
Comparative median home costs are provided below for other major metropolitan areas as well as smaller areas competitive with Central Oregon on either an economic or lifestyle basis.
|
Market (MSA)
|
2006 Median Home Price
|
|
Pocatello, ID
|
$133,000
|
|
Kennewick, WA
|
$151,200
|
|
Spokane, WA
|
$189,200
|
|
Boise, ID
|
$209,500
|
|
U.S. MEDIAN
|
$219,000
|
|
Colorado Springs, CO
|
$219,400
|
|
Salt Lake City, UT
|
$223,600
|
|
Eugene, OR
|
$230,900
|
|
Denver, CO
|
$245,600
|
|
Phoenix, AZ
|
$262,200
|
|
Redmond, OR
|
$262,700
|
|
Portland, OR
|
$285,400
|
|
Las Vegas, NV
|
$313,500
|
|
Reno, NV
|
$332,600
|
|
Bend, OR
|
$352,000
|
|
Sacramento, CA
|
$365,100
|
|
Seattle, WA
|
$372,900
|
|
Riverside-Ontario, CA
|
$406,400
|
|
San Diego, CA
|
$579,800
|
|
Orange County, CA
|
$690,700
|
|
San Jose, CA
|
$734,000
|
|
San Francisco, CA
|
|
