Sell Your Commercial Property In Bend, OR

Who rents in Bend, OR

Renters occupy 38.3% of Bend's 44,436 occupied homes, per the Census Bureau's 2020-2024 American Community Survey tenure table. That equals 17,030 renter households. Renters hold 30.0% of homes across Deschutes County and 36.7% statewide.

Bend draws new residents from outside Oregon. In ACS 2020-2024, 4.8% of Bend residents had lived in another state a year earlier, per the geographic mobility table. That share was 3.0% statewide.

Remote work adds a second demand source. Bend workers who worked from home totaled 24.8% in the ACS 2020-2024 commuting table, against 19.0% across Oregon.

Health care anchors local payrolls. St. Charles Health System calls itself Central Oregon's largest employer, with more than 5,600 caregivers, on its about page. St. Charles Bend is Oregon's only Level II trauma center east of the Cascades.

Leisure and hospitality held 18.0 thousand Bend metro jobs in August 2026, a preliminary Bureau of Labor Statistics figure. Education and health services held 20.1 thousand of the metro's 111.1 thousand nonfarm jobs.

Bend rents and HUD fair market rents

Median gross rent in Bend was $1,883 a month in the ACS 2020-2024 rent table. Deschutes County's median was $1,787, and Oregon's was $1,525. Bend rents sit $358, or 23.5%, above the state median.

Median household income in Bend was $96,394 in the ACS 2020-2024 income table. Bend renters paying 30% or more of income on rent total 46.0%, per the ACS rent-burden table. Renters paying half or more total 22.9%.

Under HUD's FY2027 fair market rents, the two-bedroom standard for the Bend-Redmond, OR HUD Metro FMR Area is $1,893 a month. HUD files Deschutes County under that area.

The FY2027 two-bedroom standard sits just $10 above Bend's all-unit median gross rent. Median home value in Bend was $718,400 in the ACS 2020-2024 home value table, 50.4% above Oregon's $477,600.

Bend's apartment stock and building age

Bend has 6,481 homes in buildings of five or more units, 13.5% of its 47,957 housing units, per the ACS 2020-2024 units-in-structure table. The matching share is 8.7% in Deschutes County and 17.8% statewide. Bend holds 74.8% of the county's homes in such buildings.

Single-family detached homes make up 69.9% of Bend's housing. Bend buildings of 50 or more units contain 2,557 homes. Buildings of 5 to 9 units hold 1,619, 10-to-19-unit buildings hold 1,217, and 20-to-49-unit buildings hold 1,088.

Bend's median housing unit was built in 2001, per the ACS median year built table. Homes built before 1980 make up 21.4% of Bend's stock, against 49.1% statewide, per the ACS year-built table. Units built in 2020 or later total 2,187.

Rental vacancy in Bend was 3.5% in the ACS 2020-2024 housing profile. Deschutes County's rate was 2.8%, and Oregon's was 4.2%.

Property taxes in Deschutes County, with a $2M example

Deschutes County property averaged $16.80 of tax per $1,000 of assessed value in FY 2025-26. That figure comes from the Oregon Department of Revenue's property tax statistics report. The statewide average was $17.52.

On $2,000,000 of assessed value, $16.80 per $1,000 equals $33,600 a year. At the $17.52 statewide average, the same value would owe $35,040.

City of Bend levies for 2026-27 are set in Resolution 3481. The permanent rate is $2.8035 per $1,000, and a fire and emergency local option adds $0.7600. Together they equal $7,127 a year on $2,000,000 of assessed value.

Bend has seven urban renewal plan areas, including the Core Area and Juniper Ridge, per the Deschutes County Assessor. Property taxes inside Bend's city limits include payments to those agencies. The same page notes that Measure 50, passed in 1997, added assessed value growth limits and permanent tax rates.

Under ORS 308.146, maximum assessed value is 103% of the prior year's assessed value or the prior maximum, whichever is greater. Assessed value is the lesser of that maximum or real market value. A $2,000,000 assessed value can therefore rise to $2,060,000 the next year.

Lane County's 2026-27 tax statement release states that Oregon does not reset property values at the time of sale. Measure 5 limits operating taxes to $10 per $1,000 of market value for general government and $5 for schools, per the DOR report.

Deschutes County's value appeal deadline for this tax year is December 31, 2026, matching ORS 309.100. ORS 306.815 bars local taxes on real property transfers, apart from taxes operative on March 31, 1997. Owners who plan to sell commercial property in Bend, OR should price this tax line from each parcel's current Deschutes County statement.

Landlord rules in Bend and Oregon

Oregon caps 2026 rent increases at 9.5% and 2027 increases at 10%, per the Office of Economic Analysis. ORS 90.323 bars increases during a tenancy's first year and allows one per 12 months, with 90 days' written notice.

Units whose first certificate of occupancy was issued under 15 years before the rent notice are exempt from the cap. That exemption matters in Bend, where 2,187 homes date from 2020 or later.

Bend cannot write its own rent control. ORS 91.225 bars any Oregon city or county from enacting an ordinance that controls rent, with narrow exceptions.

After the first year, ORS 90.427 allows terminations only for tenant cause or a qualifying landlord reason. Landlords with an interest in five or more units must pay one month's rent with a landlord-reason notice. On Bend's median rent, that payment equals $1,883.

Under ORS 90.394, a nonpayment notice gives 10 days if served on day eight, or 13 days if served on day five. Under ORS 90.300, landlords must account for withheld deposits within 31 days after the tenant leaves.

Bend's short term rental rules limit apartment conversions. In residential zones, only one unit on a property with multiple dwellings can be permitted as a short term rental. Permitted rentals pay a 10.4% room tax.

Anyone set to sell commercial real estate in Bend, OR should hand buyers each lease, its move-in date and the last increase notice. Those records show where the 2027 cap still leaves room.

What it means for owners in Bend

Bend's figures describe a tight, newer rental stock: 3.5% rental vacancy, a 2001 median build year and 13.5% of homes in 5+ unit buildings. A 10% cap for 2027 limits catch-up on below-market leases.

Owners who sell commercial property in Bend, OR do best with a full rent roll and current Deschutes County tax statements. Run your numbers through our cap rate calculator before you talk price.

Skyline Capital Investments buys 5+ unit apartment buildings across Old Bend, Northeast Bend, Southeast Bend and nearby Redmond. If you want to sell your apartment building in Bend without a public listing, start on our sell my apartment building page.