Bend, OR

  • Overview
  • Performance
  • Listings
  • Buy Box

Key Performance Metrics

Market snapshot

Performance indicators for the Bend short-term rental market based on reliable data.

Listings

3068 / 6314

Reliable / Active

Cap Rate

6%

Middle-Earners Gross Yield

Revenue

$42,526

Middle-Earners Revenue

Occupancy

54%

Middle-Earners Occupancy

Home Value

$738,296

Median Home Sale Price

Top Earners

$89,003

Top-Earners Revenue

Bend

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Bend.

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C

Challenging to Investors

Bend Regulations

Bend permits STRs but imposes a stringent two-permit system with significant costs, a 500‑foot separation rule, and strict zoning/operational requirements that act as de facto caps and create high barriers to entry and ongoing compliance.

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About Bend

Bend is a high-desert city in central Oregon, the county seat of Deschutes County, with a population of roughly 100,000 residents. Set along the Deschutes River at the edge of the Cascade Range, it has a reputation as one of the Pacific Northwest's premier outdoor-recreation hubs, drawing visitors year-round for hiking, mountain biking, skiing, fly-fishing, and river sports. The city carries a relaxed, craft-oriented character, with a walkable downtown of breweries, galleries, and locally owned shops, and it functions as the main gateway to the Cascade Lakes region and the surrounding national forests. Bend sits approximately 160 miles southeast of Portland, the nearest major city, and about 130 miles east of Eugene.

A short drive northeast of town, Smith Rock State Park rises from the high desert as a jagged wall of orange-and-gray tuff and basalt cliffs, drawing rock climbers from around the world while also offering miles of hiking trails and sweeping viewpoints over the Crooked River Canyon. It lies roughly 30 to 40 minutes from Bend and is widely regarded as the birthplace of modern American sport climbing.

To the southwest, Mount Bachelor anchors a year-round alpine playground within the Deschutes National Forest, about a 30- to 45-minute drive from the city. In winter it operates as one of the largest ski areas in the Pacific Northwest, and during the summer months its upper lifts give access to hiking and mountain-biking trails, wildflower meadows, and views of the surrounding Cascade peaks.

A little farther afield, Crater Lake National Park showcases the deepest lake in the United States, formed in the caldera of an ancient volcano. Located roughly 90 miles to the south along the Cascade Lakes Highway, it makes a popular full-day or overnight excursion from Bend, especially during the brief summer window when the park's rim road and hiking trails are fully open.

Closer to town, the High Desert Museum sits just outside Bend along Highway 97 and explores the natural and cultural history of the region's high desert, with indoor galleries and outdoor exhibits featuring wildlife, Native American artifacts, and a re-created pioneer homestead. Together with Bend's lively Old Mill District, the riverfront parks, and a dense cluster of breweries that has earned the city its nickname "Beer Town USA," these attractions round out a destination that blends small-city amenities with immediate access to some of the most dramatic landscapes in the American West.

For short-term-rental owners, Bend's appeal is straightforward: a four-season visitor flow driven by skiing, climbing, mountain biking, and hiking, paired with a compact and walkable downtown that encourages guests to linger. The combination of strong year-round demand, proximity to multiple marquee outdoor destinations, and a well-established tourism infrastructure makes the city a particularly resilient and rewarding base for vacation-rental investment.

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