CALCMONEY // HOME AFFORDABILITY // OR // BEND
How much house can you afford in Bend? Based on local median home prices, current OR mortgage rates, and Bend property tax data.
$550,000
$3,530/mo
$151,300/yr
$198,812
Monthly housing costs of $3,530 represent 58.8% of Bend's median gross monthly income ($6,000/mo). At 58.8%, median-income buyers in Bend are significantly stretched — well above the 28% guideline. A larger down payment or higher income is required.
| Median Home Price | $550,000 |
| Down Payment (20%) | $110,000 |
| Loan Amount | $440,000 |
| Monthly PI Payment | $2,898 |
| Monthly Property Tax | $403 |
| Monthly Insurance Est. | $229 |
| Total Monthly PITI | $3,530 |
| Housing Cost % of Income | 58.8% |
| Required Income (28% rule) | $151,300/yr |
| Max Affordable Home | $198,812 |
$19,250
$4,504/mo
Bend Home Affordability Quick Reference 2026
| Metric | Value | Notes |
|---|---|---|
| Median Home Price | $550,000 | Bend city median |
| Down Payment (20%) | $110,000 | Conventional loan |
| Monthly PITI | $3,530 | 6.9% rate, 30yr fixed |
| Required Income (28% rule) | $151,300 | Annual gross |
| Max Affordable Home | $198,812 | Based on median income |
| FHA Down (3.5%) | $19,250 | Minimum FHA |
| Housing Cost % of Income | 58.8% | Median income: $72,000/yr |
| Property Tax Rate | 0.88% | $4,840/yr on median home |
Monthly PITI includes principal, interest, property tax, and homeowners insurance. Estimates only.
The median home price in Bend is $550,000, with a local 30-year mortgage rate of 6.9%. A buyer putting 20% down carries a loan of $440,000, generating a monthly P&I payment of $2,898. Adding property taxes ($403/mo) and homeowners insurance ($229/mo) brings total monthly PITI to $3,530.
Bend's property tax rate of 0.88% is near the national average, adding a standard increment to monthly housing costs. On the Bend median home, that is $403/month, or $4,840 per year.
Oregon levies a state income tax, which affects take-home pay and effective buying power. High-income earners in Bend should factor state tax liability into their overall housing budget — mortgage interest may be deductible on both federal and state returns.
Using the 28% rule, a household earning Bend's median income of $72,000/year can afford up to $1,680/month in total housing costs. Based on Bend's mortgage rate of 6.9% and property tax rate of 0.88%, that translates to a maximum affordable home price of approximately $198,812 with 20% down on a 30-year loan.
To afford the median Bend home priced at $550,000, you need an annual gross income of approximately $151,300. Total monthly housing costs (principal and interest of $2,898, property taxes of $403, and insurance of $229) come to $3,530/month, which equals 28% of the required income.
At the median home price of $550,000 and median household income of $72,000, the total monthly housing cost of $3,530 represents 58.8% of gross monthly income. This is well above the standard 28% threshold, making Bend a challenging market for buyers at median income.
A conventional 20% down payment on the median Bend home of $550,000 is $110,000. An FHA loan requires just 3.5% down — $19,250 — but adds mortgage insurance of roughly $376/month, bringing total FHA payments to $4,504/month.