1031 Exchange Bend, Oregon

 

Rent, population, and median household income are important factors to consider for a 1031 exchange in Bend due to their correlations with market demand, and conversely, vacancy rate.

Surrounding metropolitan Area

Bend, Oregon is a part of the Bend, OR metropolitan area, and contains 6 zip codes: 97701, 97702, 97703, 97708, 97709, and 97707.

Bend Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Bend, OR metropolitan area was $1,125, which is 48.61% higher than 2014 average rent. This represents a compounded annual growth rate of 8.25%. 2019 vacancy in Bend, OR was 3.80%.

The total population of the city of Bend, OR has grown 27.34% since 2010. As of 2018, the population was 97,590. The median household income of the Bend was $63,468, which is 5.27% higher than the national average.

  • metropolitan area Bend, OR
  • avg rent $1,125
  • rent growth 48.61%
  • vacancy 3.80%
  • median income $63,468
  • population (2018) 97,590
  • population growth 27.34%
  • vs. nat'l avg 5.27%
  • zip codes 97701 97702 97703 97707 97708 97709

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