Cities with the most expensive homes in the Bend metro area

Purchasing a home is one of the most important investments there is. More than a place to live, homeownership is an asset with the potential to tremendously rise in value. But with home prices reaching record heights, affordability plays a huge role for buyers.

The typical home value in the United States was $368,720 in May, 0.8% higher than the year before.

High mortgage rates are also making monthly payments more expensive; as of June 11, the 30-year fixed mortgage rate sits at 6.52%.

Although home prices have inflated all across the U.S., there are some cities that command a higher price tag than others. Location, size, age, and condition are all contributing factors to home value.

Stacker compiled a list of cities with the most expensive homes in the Bend metro area using data from Zillow. Charts show the monthly typical home value since January 2018. All 4 cities and towns with data available were included in the list.

#4. La Pine, OR

– Typical home value: $410,369
– 1-year price change: -2.7%
– 5-year price change: +17.7%

#3. Redmond, OR

– Typical home value: $517,334
– 1-year price change: -0.8%
– 5-year price change: +15.4%

#2. Terrebonne, OR

– Typical home value: $574,345
– 1-year price change: +1.0%
– 5-year price change: +22.1%

#1. Bend, OR

– Typical home value: $738,296
– 1-year price change: -2.3%
– 5-year price change: +12.6%