Metro area index
Home appreciation in the Bend, OR metro area
FHFA HPI® data shows the Bend, OR metro area's all-transactions index changed +0.7% over the year to Q2 2026, versus +1.6% for Oregon and +3.0% for the U.S. That ranks 339th of 410 metro areas and divisions FHFA tracks.
- 1-year change
- +0.7%
- 5-year change
- +29.2%
- Since Q1 1995
- +458%
- Metro rank (1 year)
- 339th
U.S. +3.0%
U.S. +41.3%
U.S. +292%
of 410
Bend, OR vs Oregon and the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- Bend, OR: 558.0
- Oregon: 447.6
- United States: 391.6
Appreciation by time window
| Window | Metro | OR | U.S. | Gap vs OR | Gap vs U.S. |
|---|---|---|---|---|---|
| 1 year | +0.7% | +1.6% | +3.0% | −1.0 pts | −2.4 pts |
| 3 years | +5.9% | +6.0% | +12.9% | −0.0 pts | −6.9 pts |
| 5 years | +29.2% | +23.8% | +41.3% | +5.4 pts | −12.1 pts |
| 10 years | +111% | +80.0% | +93.3% | +31.4 pts | +18.1 pts |
| Since Q1 1995 | +458% | +348% | +292% | +110.4 pts | +166.5 pts |
3-digit ZIP regions in the Bend, OR area
Regions with at least 10% of their 2010 population inside the metro, largest overlap first. A 3-digit ZIP region can extend beyond the metro boundary.
| 3-digit ZIP region | State | 1 year | 5 years | Since Q1 1995 | Population in metro |
|---|---|---|---|---|---|
| 977 · Bend, OR area | OR | +0.7% | +29.7% | +457% | 95% |
Boom, bust, and recovery in Bend, OR area
Bend, OR area's index peaked in Q1 2007, fell 46.8% to its low in Q2 2011, and regained its peak in Q2 2017, about 10.2 years after the top. Today it sits +91.4% versus that 2000s peak. How every state and ZIP region fared
| Area | 2000s peak | Low point | Peak to low | Back to peak | Today vs peak |
|---|---|---|---|---|---|
| Metro | Q1 2007 | Q2 2011 | -46.8% | Q2 2017 (10.2 yrs) | +91.4% |
| OR | Q2 2007 | Q2 2012 | -26.0% | Q1 2016 (8.8 yrs) | +87.0% |
| U.S. | Q1 2007 | Q2 2012 | -19.0% | Q4 2016 (9.8 yrs) | +89.3% |
Appreciation after inflation
Adjusting for consumer price inflation, Bend, OR area's index has changed +152% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | Metro after inflation | OR after inflation | U.S. after inflation |
|---|---|---|---|---|
| 1 year | +3.9% | -3.1% | -2.1% | -0.8% |
| 3 years | +9.8% | -3.5% | -3.5% | +2.8% |
| 5 years | +24.0% | +4.2% | -0.1% | +13.9% |
| 10 years | +39.1% | +52.0% | +29.4% | +39.0% |
| Since Q1 1995 | +121% | +152% | +102% | +76.8% |
If you bought in the Bend, OR area in…
An example $300,000 purchase grown at the metro index rate to Q2 2026.
| Bought in | Index change | $300,000 then, at the metro rate |
|---|---|---|
| Q2 1995 | +449% | $1,647,210 |
| Q2 2000 | +327% | $1,280,646 |
| Q2 2005 | +172% | $816,933 |
| Q2 2010 | +237% | $1,011,456 |
| Q2 2015 | +134% | $700,707 |
| Q2 2020 | +57.8% | $473,313 |
| Q2 2021 | +29.2% | $387,720 |
| Q2 2023 | +5.9% | $317,815 |
| Q2 2025 | +0.7% | $301,953 |
Frequently asked questions
- How much have home prices risen in the Bend, OR area?
- FHFA HPI® data for the Bend, OR metro area shows changes of +0.7% over one year, +29.2% over five years, and +111% over ten years to Q2 2026, and +458% since Q1 1995.
- Is the Bend, OR area beating the national average?
- Over the past year the metro's index moved −2.4 pts versus the U.S.; over five years the gap is −12.1 pts.
- What area does this metro index cover?
- FHFA computes metro indexes using the counties in each OMB-defined metropolitan statistical area. The index covers the whole area, so individual neighborhoods and homes can differ from it.