Cities with the fastest growing home prices in Bend metro area

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November 23, 2022
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Cities with the fastest growing home prices in Bend metro area

It goes without saying that the coronavirus pandemic has sparked a wave of uncertainty across myriad industries, and no other market has quite felt its impact like that of real estate.

The pandemic has become a driving force behind the continued real estate boom, with high demand for vacation homes and a limited supply of housing that has prompted buyers and investors to bid up prices for affordable properties, causing home prices to skyrocket. The ability to work remotely played a role in the vacation home demand in mid-2020, as affluent Americans opted to ride out the pandemic with more amenities and space outside dense urban areas.

Stacker compiled a list of cities with the fastest-growing home prices in Bend, OR metro area using data from Zillow. Cities are ranked by 1-year price change as of September 2022. The typical home value in the United States increased over the last year by +14.1% to $356,054. All 4 cities and towns with data available were included in the list.

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1 / 4
Stacker

#4. La Pine, La Pine

- 1-year price change: +$30,491 (+7.6%)
- 5-year price change: +$201,641 (+88.0%)
- Typical home value: $430,831 (#4 most expensive city in metro)
2 / 4
Stacker

#3. Redmond, Redmond

- 1-year price change: +$34,625 (+7.1%)
- 5-year price change: +$233,473 (+80.4%)
- Typical home value: $523,993 (#3 most expensive city in metro)
3 / 4
Stacker

#2. Bend, Bend

- 1-year price change: +$53,398 (+7.7%)
- 5-year price change: +$339,328 (+82.9%)
- Typical home value: $748,680 (#1 most expensive city in metro)
4 / 4
Stacker

#1. Terrebonne, Terrebonne

- 1-year price change: +$58,872 (+12.5%)
- 5-year price change: +$225,677 (+73.9%)
- Typical home value: $531,110 (#2 most expensive city in metro)

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