Department of Numbers

Bend Oregon Residential Rent and Rental Statistics

The median monthly gross residential rent in Bend, OR (the Bend metro area) was $982 in 2015 according to the Census ACS survey.1 Average gross rent in Bend was $1,009 in 2015. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2016 Bend median and average rent data will be released in September of 2017.

Data is also available below for Bend rental vacancy rates, Bend rent as a percent of median income and the fraction of renters in Bend.

Show dollars as: Nominal Real

Real Gross Rent in Bend Oregon (2015 dollars)2

2015 1 Year Change 3 Year Change
US Median Gross Rent $959 +3.12% +8.24%
Oregon Median Gross Rent $943 +2.50% +9.14%
Bend, OR Median Gross Rent $982 +4.47% +13.53%

Bend, OR Real Gross Rent Trends

At $982, real median gross rent in Bend was at its highest level in 2015 since the series began in 2005. At $1,009, real average gross rent in Bend was at its highest level in 2015 since the series began in 2005.

Real Gross Rent in Bend: Bend OR Median, Bend OR Average, Oregon Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Bend

Date US
Median
Oregon
Median
Bend, OR
Median
Bend, OR
Average
2015 $959 $943 $982 $1,009
2014 $930 $920 $940 $1,007
2013 $898 $881 $893 $934
2012 $886 $864 $865 $895
2011 $887 $855 $938 $980
2010 $901 $860 $916 $978
2009 $905 $880 $930 $987
2008 $920 $871 $975 $996
2007 $874 $823 $956 $975
2006 $883 $826 $934 $985
2005 $858 $812 $931 $984

Bend Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2014 the rental vacancy rate for Bend Oregon was 4.36% according to Census ACS data.

Rental Vacancy Rate in Bend Oregon

2015 1 Year Change 3 Year Change
US 5.85% -0.47% -0.92%
Oregon 3.64% +0.07% -1.11%
Bend, OR

Trends in Bend, OR Rental Vacancy Rate

The rental vacancy rate in Bend peaked in 2009 at 8.96%. Since then it has fallen by 4.60% to 4.36%. Data records for this series originated in 2005.

Rental Vacancy Rate: Bend OR, Oregon, US

Rental vacancy rate in Oregon

Historical Rental Vacancy Rate data for Bend

Date US Oregon Bend, OR
2015 5.85% 3.64%
2014 6.32% 3.57% 4.36%
2013 6.49% 4.45% 8.63%
2012 6.77% 4.75% 6.97%
2011 7.40% 5.06% 8.59%
2010 8.17% 5.60% 8.52%
2009 8.43% 6.30% 8.96%
2008 7.86% 5.71% 5.81%
2007 7.87% 5.08% 8.87%
2006 7.70% 5.57% 8.90%
2005 7.74% 6.39%

Rent as a Fraction of Income

Using median household income data for Bend, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Bend, median monthly gross rent as a fraction of median household income was 20.54% in 2015 according to the ACS.

Bend Oregon Median Annual Rent as a Fraction of Median Household Income

2015 1 Year Change 3 Year Change
US 20.63% -0.26% -0.02%
Oregon 20.90% -0.81% -0.14%
Bend, OR 20.54% -1.27% -1.23%

Trends in Bend, OR Rent as a Fraction of Income

The fraction of median Bend household income required to pay median monthly gross rent peaked in 2011 (relative to the 2005 series origin) at 23.52%. Since then it has fallen by 2.98% to 20.54%.

Fraction of Income towards Rent: Bend OR, Oregon, US

Percent of median household income going towards median monthly gross rent in Bend Oregon

Historical Data for Annual Rent as a Fraction of Income in Bend Oregon

Date US Oregon Bend, OR
2015 20.63% 20.90% 20.54%
2014 20.89% 21.71% 21.81%
2013 20.78% 21.18% 23.08%
2012 20.65% 21.04% 21.77%
2011 20.70% 21.53% 23.52%
2010 20.50% 21.03% 23.37%
2009 20.12% 20.28% 19.90%
2008 19.00% 18.66% 20.35%
2007 18.66% 18.30% 18.51%
2006 18.90% 18.53% 19.12%
2005 18.89% 19.25% 19.28%

Renter Fraction in Bend Oregon

You can calculate the renter fraction in Bend in at least two ways: by housing units or by population. I've gone with the housing units measure here. This measure looks at the number of renting households in Bend as a fraction of total Bend households. In 2015 35.81% of households were renters according to Census ACS data.

Bend Fraction of Renters by Household Units

2015 1 Year Change 3 Year Change
US 36.97% +0.07% +0.88%
Oregon 38.91% -0.37% +0.47%
Bend, OR 35.81% +1.44% -0.09%

Trends in the Bend, OR Renter Fraction

The Bend household renter fraction peaked in in 2011 at 36.79% and is now 0.98% below that level. The origin year for the series is 2005.

Fraction of Renting Households: Bend OR, Oregon, US

Fraction of renters in Bend

History of Bend Renter Fraction

Date US Oregon Bend, OR
2015 36.97% 38.91% 35.81%
2014 36.90% 39.28% 34.37%
2013 36.50% 39.17% 35.99%
2012 36.09% 38.44% 35.90%
2011 35.42% 39.22% 36.79%
2010 34.65% 37.45% 35.07%
2009 34.13% 36.95% 31.17%
2008 33.36% 35.66% 32.55%
2007 32.80% 35.41% 31.58%
2006 32.73% 35.22% 30.34%
2005 33.10% 36.22% 31.66%

1. Gross rent is defined as contract rent plus the estimated average monthly cost of utilities (electricity, gas, water, and sewer) and fuel (oil, coal, kerosene, wood, etc.). Because some rentals include utilities and others don't, gross rent is a way of normalizing the variability.

2. Real dollars are calculated using the CPI-U less shelter series.

3. The rental vacancy rate is computed by dividing the number of vacant units for rent by the sum of the renter-occupied units, vacant units that are for rent, and vacant units that have been rented but not yet occupied.