Bend is most known for its world-class outdoor activities and several microbreweries. It is in the high desert of Central Oregon, located at the east of the Cascade Range. Over the last few decades, the city has seen a spike in tourism and population. Individuals from all over the country recognize the appeal of the outdoorsy community. Additionally, this slice of paradise gives access to higher education and work prospects. Some employment opportunities are healthcare, tourism, and the burgeoning brewing sector. Consider these factors if you are thinking of moving to Bend:
Quick Facts
- Bend is the largest city in Central Oregon and serves as the region's de facto metropolis.
- Bend, Oregon, currently has a current population of 108,824
- Annually, the population is growing at 2.64%, and has increased by 42.00% since 2010.
- In December 2021, the median list price of homes in Bend was $854,995.
- According to Movoto Real Estate, there were 114 homes sold in Bend for the past 30 days.
Bend, OR in a Nutshell
With only over 100,000 people, Bend still manages to feel like a small town. Despite a recent population boom in the last few decades, Bend is still a rather laid-back town. Local baristas, waitresses, business owners, and neighbors are pretty much acquainted. The old downtown feels modest and unaltered because there are no massive buildings.
In contrast to more fast-paced larger cities, no one in Bend appears to be in a hurry. Traffic is lighter, and speed limits are usually lower. This shift is a big change of pace and perspective for those visiting or relocating from a metropolis.
Economy
The average household income amounts to $88,880, and there is a poverty rate of 10.32%. Additionally, Bend has also had a job market increase by 2.6% over the last year. In the city, St. Charles Medical Center, Les Schwab Tire Centers, the Sunriver Resort, Mt. Bachelor, and the Bright Wood Corporation are some of its largest employers. The most significant economic sectors include healthcare, retail trade, and technical services. Additionally, many people develop small businesses within their areas. Residents would rather be self-employed to cut their living costs.
Employment
The number of people employed has increased by 5.8% since last year. The unemployment rate has reduced to 4.2 percent, lower than the 5.2 percent national average. St. Charles Health System is Bend's single largest employer. They offer a wide range of healthcare job options to residents in Bend. The local tourism business is also thriving. The outdoor activities that attract visitors worldwide are the reason behind this success. Bend's job options are more varied than they have ever been. Several industries, including manufacturing, healthcare, biotech, construction, and others, are experiencing significant expansion. That is on top of the brewery industry, hotel enterprises, and tourism attractions. It's an excellent spot for a professional to begin their job search.
Real Estate in Bend, OR
Bend has a wide range of homes for sale, ranging in size, style, and price. Home sales predict a 15-year high in 2021, with an anticipated 6 million homes sold across the country. However, Bend's popularity has particular consequences, such as the cost of living in the area. According to the Federal Housing Administration, housing prices increased by 20%. This change was the highest increase in the home price since it began keeping track. Unfortunately, if you are looking to buy an apartment in Bend, you might have difficulty looking. The real estate market is skyrocketing, and there are only a few available properties.
Real Estate Trends
Although Bend is a new city, people have been moving there for many years. What follows next is higher rent and housing prices than in most of the country's rural districts. In 2021, the Bend housing market set new highs for volume, price, and inventory levels. This phenomenon was due to bidding wars, several offers, and an inventory shortage. As a result, bend home prices soared, and demand shows no signs of ending anytime soon. In 2022, home prices will likely climb again, although not by the double digits like they did in 2021.
Final Thoughts
Bend is in the middle of a significant transition phase, involving major decisions about community, transportation, education, etc. Moving to Bend is an excellent opportunity to get involved. Your contributions will matter most in helping shape the city's future.
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